2024 will be a critical juncture for the development of cryptocurrency, with on-chain activities and market data showing significant growth. First, the total market capitalization has surpassed $3.7 trillion, with user numbers and trading volumes rising in parallel, demonstrating healthy market development. Second, the launch of Bitcoin and Ethereum ETFs has lowered the investment threshold, leading to a significant increase in on-chain holdings, and traditional enterprises are also increasing their investments in crypto assets.

Stablecoins, as a core tool, have reached a total supply of $187.5 billion, with a significant increase in trading volume and frequency, particularly performing well in Latin America and Africa. The inflow of funds into L2 networks and non-EVM chains has increased, and trading volumes for perpetual contracts and decentralized exchanges have surged, driving the growth of on-chain activities.

Although there is still room for growth in on-chain activities, mobile-friendly interfaces and an optimized user experience will be key to future development.