2024 Web3 Sector Hot Trend Outlook

1. The ETH L2 ecosystem is thriving.

Ethereum and its Layer 2 networks have become the largest homogenous cross-chain ecosystem. With the launch of several well-known L2 projects, the competition between the technical and market-driven routes will intensify the competition in the L2 market. Notable projects include several well-known L2 solutions.

2. Blockchain modularization has become an inevitable trend

With the launch of a certain data availability layer project, the data availability layer market has begun to show signs of diversification. Currently, the emergence of multiple mature smart contract frameworks is driving the industry to explore the availability of Bitcoin data. The booming development of niche areas such as shared sequencers and RaaS services marks a rapid evolution of blockchain towards modularity.

3. BTCfi Welcomes Explosive Growth

Bitcoin Finance (BTCfi) is expected to unlock over 10% liquidity of Bitcoin, and this sector holds enormous potential. Following the inscription craze, Bitcoin L2 and its application ecosystem will enter a new phase of development. BTCfi is projected to support a market size exceeding $100 billion.

4. Restaking Creates a New Consensus Model

Against the backdrop of modular blockchains, innovation in consensus layers is relatively limited. The introduction of Restaking technology provides security guarantees during the launch phase of emerging blockchain projects, helping to avoid overly inflationary token mechanisms. Both the Bitcoin and Ethereum ecosystems have related projects promoting this innovation.

5. GameFi Welcomes a Second Spring

With the popularization of MPC wallets and the optimization of gameplay, GameFi is迎来新的发展机遇. The new generation of GameFi projects has stronger user appeal and more complex economic systems, expected to break through the purely speculative attributes of the previous boom.

6. Deep Integration of AI and Web3

Artificial intelligence, as the main theme in the technology field, will continue to inject vitality into the cryptocurrency industry. On-chain AI realizes the automation of machine learning and artificial intelligence through smart contracts. At the same time, blockchain provides transparent and verifiable solutions for AI. Key elements such as AI models, computing power, and data are expected to be deeply integrated with blockchain.

7. DePIN Leads a New Wave of Innovation

Decentralized Physical Infrastructure Network (DePIN) is an innovative model for token distribution and service provision that combines online and offline elements. As infrastructure improves, cryptocurrency applications will drive exponential growth for DePIN.

8. The social currency experiment continues

Although some attempts at social monetization have failed, the monetization potential in the social space has been fully demonstrated. Anti-censorship and security have become core demands of Web3 social platforms. Several decentralized social protocols are still actively exploring this direction.

9. DeFi Derivatives Gearing Up

The financial scene has always been the most valuable and genuinely profitable application area of blockchain. Innovative solutions such as global liquidity pools and efficient synthetic schemes continue to lead the market. Emerging futures protocols have also triggered an explosion in the presale market. Derivatives are considered one of the best narratives for long-term fundamentals.