In 2024, the blockchain industry ushered in an important milestone. The active participation of institutional investors and the significant growth in on-chain activity signify the healthy development of the cryptocurrency market. 📈
The total market value of the market will continue to rise based on 2023, exceeding US$3.7 trillion, and the number of users and transaction volume will increase simultaneously, showing the vitality of the market and the increase in actual usage.
The launch of Bitcoin and Ethereum ETFs has lowered the investment threshold and attracted the attention of more traditional investors. The stablecoin market is also expanding rapidly, with supply reaching all-time highs and trading volume remaining strong.
In terms of on-chain activities, L2 networks and non-EVM chains perform outstandingly, and users prefer low-cost, high-speed networks. The trading volume of perpetual contracts and decentralized exchanges has increased significantly, driving further development of the industry. 🔗
Despite this, there is still huge potential for growth in on-chain activities, and future development will rely on mechanisms to optimize user experience and improve user retention. 🌐