Chains Annual Report 2024⛓️📊
Leaders and Challengers🥇🥈🥉🦾
🔹 Bitcoin: From Store of Value to Financial Infrastructure
- Institutional adoption through spot ETFs;
- April halving event;
- Favorable post-election sentiment;
- BTCfi Emergence: @babylonlabs_io's Bitcoin staking program, @SolvProtocol's cross-chain solutions, and @Coredao_Org's Fusion Upgrade.
🔹 Ethereum: Adapting to Layer 2 Reality
- While the successful launch of spot ETFs in July provided institutional validation, Ether's price performance notably lagged behind Bitcoin's surge.
- The Dencun Upgrade successfully reduced Layer 2 costs.
- The increasing migration of activity to Layer 2s impacted base layer fee revenue.
- Notable new entrants enriched the Ethereum L2 ecosystem: World Chain, Uniswap's Unichain, Sony's entry with Soneium.
🔹 Solana: The Third Giant
- 2024 marked Solana's impressive comeback.
- Solana distinguished itself as a hub for retail traders, fostering vibrant meme and DeFi communities.
- Beyond meme culture, Solana advanced on multiple fronts: restaking protocols, modular Layer 2 solutions, and stablecoin innovations.
- SVM chains: Eclipse, Soon, Atlas, and Sonic.
🔹 The Rise of New Forces
- @ton_blockchain: Social Integration Powers Platform Growth;
- @SuiNetwork: Move Language Pioneer to Ecosystem Leader;
- @base : Institutional Backing Drives Rapid Growth.
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