Odaily Planet Daily News Dune founder @hagaetc stated on platform X, "In 2024, the on-chain adoption rate reached the level of 2021, while also surpassing previous historical highs in terms of transfer volume and transaction counts. The overall on-chain adoption is almost back to the peak in 2021. The costs associated with blockchain have significantly decreased. From a certain perspective, this may be interpreted as a decrease in demand, but it may actually be a good thing. Most technologies have deflationary characteristics, so a decrease in costs instead drives larger transaction volumes. After several years of stagnation or decline, on-chain transactions in 2024 experienced exponential growth. This fully illustrates how the decrease in fees has driven the increase in usage. Although the entire industry faces regulatory resistance and uncertainty in 2024, this year remains a breakthrough year for on-chain adoption, with most indicators surpassing the peaks of 2021."