2024 Crypto Trends: Rollups, Corporate Adoption, and Bitcoin-Centric Solutions
The crypto industry is anticipating a positive shift in 2024, with several key trends shaping the landscape.
After a prolonged crypto winter, increased institutional demand and growing Bitcoin adoption are expected to drive innovation. Notable trends to watch include corporate involvement, Bitcoin-centric developments, and scalability across various blockchains.
Addressing transaction speeds and costs on the Ethereum and Bitcoin networks remains a priority.
Rollup projects are expected to gain prominence in 2024, offering scalable solutions. These layer 2 blockchains aggregate multiple transactions into a single off-chain batch, reducing on-chain data processing and storage, resulting in more cost-effective and faster transactions.
Among the projects expected to benefit from these developments are decentralized exchanges (DEXs) like PancakeSwap, Uniswap, and dYdX, with the latter recently passing $10 billion in trading volume.
dYdX Chain has officially passed $10 BILLION in trading volume just one month post mainnet launch
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