Take stock of 10 trends to focus on in a new Bull Market

Words: Layergg

Compiler: Luffy, Foresight News

The horn of the Bull Market has sounded, which tracks and projects do we need to focus on in 2024? Here are 10 trends and projects to watch next year.

zk Rollup

Before 2022, the debate in the Rollup space focused on which technology is more advantageous, Optimistic or zk Rollup.

However, with the drop of L2 costs after EIP-4844 and the launch of some large projects, the previously calm L2 war is expected to renew in full force. It’s all about how L2 is able to build its ecosystem.

Projects: zkSync, Starknet

Rollup middleware

The adoption of rollups will not really begin until EIP-4844 reduces the cost of rollups. This track consists of the following segments:

• Rollup as a service
• Share sorting
• Rollup SDK

There will be hundreds to thousands of AppRollups around a few major rollup projects.

Projects: Gelato Network, AltLayer, Espressos

Interoperability

As the number of blockchains continues to increase, the demand for cross-chain interaction infrastructure will grow exponentially. But there are still some problems with them:

• High cost
• Hacker incidents
• Synthetic assets
• Liquidity dispersion

Despite various problems with existing Cross-Chain Interaction bridges, the newly released Cross-Chain Interaction solution promises a breakthrough.

Interested Projects: LayerZero, Wormhole

Parallelize the EVM

The advantages of parallelizing the EVM are:

• Faster block time
• Higher TPS
• Low fees

This technology, which has been validated through inscription stress testing, will have a strong appeal to DApp developers.

Projects: Sei Network, Neon, Monad

Data availability

The data availability layer is critical to the scalability, security, and efficiency of a Blockchain network. Its features and advantages are:

• Improved scalability
• Transparent and easy to verify
• Compatible with L2 solutions
• Drop costs

At the heart of a modular narrative, the DA layer will be adopted by numerous projects.

Projects: Celestia, Avail, EigenLayer

Bitcoin ecology

There is a good chance that the BitcoinSpot ETF will be launched in the first quarter of 2024. Moreover, as Inion (BRC-20) grows, the Bitcoin ecosystem will remain a key focus area in 2024.

Moreover, efforts to free up Bitcoin’s $830 billion in liquidity will continue.

Projects: Stack, Babylon

Decentralization machine learning

AI will continue to play a central role in the narrative in 2024, and AI Computing Power will become one of the mainstream areas.

As AI continues to evolve, the market is expected to increasingly turn its attention to data mining, which is a fundamental aspect of AI technology.

Projects: gensyn, Bittensor

Decentralization social

Most SocialFi has yet to gain a large user base. Nonetheless, friend.tech’s story is a compelling example of the limitless potential of user-driven Social Web.

Interested Projects: friend.tech, Lens Protocol, Farcaster

Distributed validator technology

DVT allows multiple Nodes to act as one Ethereum PoS validator, improving security and Decentralization. As Vitalik Buterin warned, major staking service providers are currently facing centralization issues.

The takeaway here is that LSD will continue to be a high-growth industry in the coming years, and it will naturally spark interest in DVT in the process.

Follow projects: ssv network, Obol network, diva

Ethereum re-staking

“Restaking” refers to the repurposing of staked Ethereum or other Crypto Assets at Nodes that act as validators for various protocols.

A key point to note here is the potential revenue of EigenLayer.

Ethereum Staking Annual Intrerest Rate (~5 %) + Eigenlayer Re-Staking Rewards (~10 %) + LRT Protocol Token Offering (~10 %) = Potential Annual Intrerest Rate

When Ethereum enters a bull market, people may pay more attention to the potential of the re-staking protocol.

Project of Interest: EigenLayer