The development of the Web3 industry is happening too quickly, and the market hotspots are changing very rapidly. A new narrative emerges every period of time.

The review is to help us go further in the future.

As 2024 comes to an end, let's look back at what new narratives have appeared throughout the year, which narratives we seized, and which ones we missed?

January: Bitcoin Ecosystem

From the emergence of the Ordinals protocol in January 2023 to the Bitcoin ecosystem battle in January 2024, only a year has passed.

In this year, the Ordinals protocol has expanded into a comprehensive Bitcoin ecosystem, including first-layer asset issuance protocols, second-layer scaling solutions, and various sub-sectors in the application layer. The Bitcoin ecosystem narrative has become one of the engines of this bull market.

First-layer asset issuance protocols: Ordinals protocol, BRC20 protocol, ARC20 protocol, Rune protocol, etc.

Second-layer scaling solutions (Layer2): Lightning Network, RGB, Stacks, Merlin, B2, BEVM, etc.

Application layer: Unisat wallet, Bitmap, bitSmiley (bitUSD), Solv, etc.

BTC is the most consensus-driven and secure asset, deserving a complete financial system built around it.

It can still be said that it is very early; the Bitcoin ecosystem is just getting started, the landscape is undetermined, and there are many opportunities. Especially with the tailwind of the industry's large-cycle bull market, the Bitcoin ecosystem will witness more wealth effects. Therefore, we need to closely monitor and study this sector to uncover more participation opportunities.