According to Odaily Planet Daily, Dune founder @hagaetc said that in 2024, the on-chain adoption rate reached the 2021 level, and the transfer volume and transaction times exceeded historical highs. Overall on-chain adoption has almost returned to the 2021 peak, and blockchain costs have dropped significantly. Although this may be interpreted as a decrease in demand, the deflationary nature of the technology has driven greater transaction volume. On-chain transactions grew exponentially in 2024, and falling fees drove increased usage. Despite regulatory resistance and uncertainty, 2024 is still a breakthrough year for on-chain adoption, with most indicators surpassing the 2021 peak.