Bankless: A Look at the 12 Hottest Crypto Narratives of 2024
By: Bankless
Translated by: Felix, PANews
Decentralized AI
A decentralized AI system is not controlled by a single organization. AI+Crypto will be the theme of this bull market as it may be the most easily understood investment opportunity for the masses.
Representative projects: Bittensor (TAO), The Render Network (RNDR), Grass
Re-staking
Re-staking assets to earn additional rewards. Re-staking has become one of the hottest narratives this year. EigenLayer alone has already invested 11 billion USD. There is a complete application ecosystem being built around re-staking.
Representative project: EigenLayer
Bitcoin L2
Bitcoin Layer2 solutions aim to make transactions cheaper, faster, and secure. L2s can unlock capital efficiency of Bitcoin, drive adoption, and inject value into the ecosystem.
Representative projects: Lightning Labs, Stacks, BitVM
Modular
A method of building blockchains that isolates each function from one another to improve efficiency and scalability. The modular concept combines several other narratives such as alt L1s and DA layer.
Representative project: Celestia
Data Availability (DA)
DA ensures that all data required for transactions on the blockchain is available to anyone. The data availability layer (DA layer) will become the hub for blockchain data publication.
Representative projects: Celestia, EigenDA, Avail
DePIN
A decentralized physical infrastructure network system manages and coordinates real-world physical infrastructure on the blockchain. DePIN represents real-world use cases of cryptocurrency and blockchain technology.
Representative projects: Helium, Hivemapper, Filecoin
Alt L1s
Alt L1s (Alternative L1 public chains) aim to address the limitations of existing blockchains. This narrative dominated the previous bull market. The current consensus is that Alt L1s transactions will never disappear and will be crucial in every cycle.
Representative projects: Solana, Avalanche
Intents
Intents are the expected states that users wish to change through transactions. These projects greatly enhance the DeFi user experience by simplifying interactions in an increasingly complex multi-chain world.
Representative projects: Anoma, Essential, PropellerHeads
Interoperability
Interoperability refers to how chains communicate and interact with each other. Clearly, data and value need to be transferred across many different chains, such as TVL's billions of dollars, and this demand will only increase.
Representative projects: LayerZero Labs, Axelar Network, Wormhole
Related reading: Interoperability Protocols: The Key to Connecting Thousands of Chains?
Ordinals
Ordinals are often referred to as "Bitcoin NFTs" and can create unique digital assets on the Bitcoin blockchain. Bitcoin holders now have the opportunity to expand their investments in these assets.
Representative projects: NodeMonkes, Quantum Cats
Parallel EVM
The innovative blockchain architecture Parallel EVM aims to overcome the scalability challenges of EVM. By parallel execution of transactions to increase throughput, these platforms have tremendous potential.
Representative projects: Monad, Sei
RWAs
Real-world assets such as gold, real estate, commodities, etc.
Narrative: RWA protocols can tokenize almost any asset in the world and bring it onto the chain, entering a market worth trillions of dollars.
Representative projects: Ondo Finance, Parcl, Mattereum
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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