The bull market is here—these 10 trends deserve your close attention
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The bull market is here—these 10 trends deserve your close attention
zk Rollup, Rollup middleware, interoperability, Bitcoin ecosystem...
Navigating Web3 tides with focused insightsAuthor: Layergg
Translation: Luffy, Foresight News
The bull market is upon us. As we head into 2024, which sectors and projects should we be watching? Below are 10 key trends and representative projects to watch next year.
zk Rollup
Prior to 2022, debates in the Rollup space mainly centered on whether Optimistic or zk Rollup technology held greater advantages.
However, with reduced L2 costs following EIP-4844 and the launch of several major projects, the previously quiet L2 wars are expected to reignite fully. The key will be how L2s build their ecosystems.
Watch Projects: zkSync, Starknet
Rollup Middleware
With EIP-4844 reducing Rollup costs, the real adoption of Rollups can now begin. This sector includes the following subdomains:
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Rollup-as-a-Service
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Shared sequencing
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Rollup SDKs
Hundreds to thousands of AppRollups will emerge around a few leading Rollup projects.
Watch Projects: Gelato Network, AltLayer, Espresso Systems
Interoperability
As the number of blockchains continues to grow, demand for cross-chain infrastructure will increase exponentially. However, several issues remain:
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High costs
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Hacking incidents
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Synthetic assets
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Fragmented liquidity
Despite various problems with existing cross-chain bridges, newly launched cross-chain solutions are expected to make breakthroughs.
Watch Projects: LayerZero, Wormhole
Parallelized EVM
Advantages of parallelized EVM include:
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Faster block times
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Higher TPS
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Lower fees
This technology has been validated through inscription stress tests and will be highly attractive to DApp developers.
Watch Projects: Sei Network, Neon, Monad
Data Availability
The data availability (DA) layer is critical for blockchain scalability, security, and efficiency. Its features and benefits include:
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Improved scalability
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Transparency and easy verifiability
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Compatibility with L2 solutions
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Cost reduction
As a core part of the modular narrative, the DA layer will be adopted by numerous projects.
Watch Projects: Celestia, Avail, EigenLayer
Bitcoin Ecosystem
A spot Bitcoin ETF is highly likely to launch in Q1 2024. Additionally, with the development of Inscriptions (BRC-20), the Bitcoin ecosystem will remain a key focus area in 2024.
Efforts to unlock Bitcoin's $830 billion liquidity will also continue.
Watch Projects: Stacks, Babylon
Decentralized Machine Learning
Artificial intelligence will continue to play a central role in the 2024 narrative, and AI compute power will become one of the mainstream sectors.
As AI advances, the market is expected to increasingly focus on data mining—a fundamental aspect of AI technology.
Watch Projects: gensyn, Bittensor
Decentralized Social
Most SocialFi platforms have yet to attract large user bases. Nevertheless, friend.tech’s story serves as a compelling example demonstrating the vast potential of user-driven social networks.
Watch Projects: friend.tech, Lens Protocol, Farcaster
Distributed Validator Technology (DVT)
DVT allows multiple nodes to act as a single Ethereum PoS validator, improving security and decentralization. As Vitalik Buterin has warned, major staking service providers currently face centralization risks.
The key point here is that LSD (Liquid Staking Derivatives) will remain a high-growth sector in the coming years, naturally driving increased interest in DVT.
Watch Projects: ssv network, Obol Network, diva
Ethereum Restaking
"Restaking" refers to reusing staked Ether or other cryptocurrencies as validators across various protocols.
A key factor to note is the potential yield from EigenLayer.
Ethereum staking APR (~5%) + EigenLayer restaking rewards (~10%) + LRT protocol token emissions (~10%) = Potential APR
When Ethereum enters a bull market, restaking protocols may receive even greater attention.
Watch Projects: EigenLayer
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