In 2024, the blockchain and cryptocurrency landscape is set for dynamic growth and transformation. The year will witness the surge of L2 solutions on Ethereum, the evolution of liquid staking protocols, and the resurgence of blockchain games.

2024 Crypto Trends

1. The release of the EIP-4844 update will kickstart the rise of L2 solutions’ popularity on Ethereum. Additionally, many new L2 solutions are yet to have tokens, and their issuance, marketing campaigns, and airdrops could further amplify interest in this space. However, a significant portion of them may eventually become obsolete, posing a challenge of fragmentation. The key is to ensure standards and user-friendliness for L2 to genuinely serve the purpose of scalability.

2. Liquid Staking (LST): In 2023, LST protocols gained considerable popularity among users. In 2024, the emergence of new protocols will accelerate not only for Ethereum but also for other blockchains with high entry barriers for network validators.

3. After a prolonged bear market in 2023, blockchain games are regaining popularity. The next year will witness the launch of new gaming blockchains and the evolution of existing ones, triggering a new wave of hype with the participation of new players.

4. ZK-Narrative: In 2023, several new blockchains utilizing zero knowledge (ZK) technology emerged. In 2024, this theme will continue to evolve, with projects like Zksyc, Scroll, Linea, and Starknet strengthening their marketing efforts through token launches as it was CELO.

5. Tokenized Real World Assets (RWA): In 2024, the trend of institutional investors actively tokenizing American bonds and other assets will become one of the key themes.

6. More modular and DA solutions will be launched, allowing developers to build their projects based on existing technologies, enhancing the flexibility and scalability of networks.

7. Some popular DeFi protocols on Ethereum will begin to appear on Solana. Overall, Solana’s popularity may encourage a large number of developers to launch applications compatible with the Solana Virtual Machine (SVM).

8. The decentralized futures market will continue to gain traction due to users’ distrust in exchanges and their desire to independently secure their funds.

9. With the introduction of the Ordinals protocol and the development of the Stacks L2 network, users are altering their perception of the Bitcoin network. More and more DeFi developments, launchpads, NFT marketplaces, and other services are now being built on top of it. We expect to see further development of Bitcoin as an ecosystem.

10. NFTs are here to stay and will only continue to evolve. This theme will become even more popular in 2024, despite the bear market in 2022–2023, with Solana benefiting from this trend.

11. Concerns about Solana’s economic model and inflation will arise more frequently. Developers may present solutions similar to the EIP-1559 proposal on Ethereum or something radically different.

12. The growing interest in integrating artificial intelligence (AI) with blockchain technologies observed in 2023 will persist, leading to the emergence of more new AI projects based on blockchain.

13. Developer focus will shift towards creating cross-chain protocols and bridges to facilitate transaction exchanges between different blockchains.

14. SocialFi and Friend Tech will be among the most discussed topics in the coming year.

15. Cryptocurrencies and blockchain will become a crucial political issue in 2024, used both to boost politicians’ ratings and attract opponents of this market.

16. More political and corporate figures will align with Bitcoin.