Author: Bankless
Translator: Felix, PANews
Table of Contents
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Decentralized AI
Restaking
Bitcoin L2
Modular
Data Availability (DA)
DePIN
Alt L1s
Intents
Interoperability
Ordinals
Parallel EVM
RWAs
Decentralized AI systems are not controlled by a single organization. AI+Crypto will become the theme of this bull market, as it may be the most easily understandable investment opportunity for the public.
Representative projects: Bittensor (TAO), The Render Network (RNDR), Grass
Related reading:
Concept tokens for AI surge again, 2024 will be the cycle of AI x Crypto
Restaking assets to earn additional rewards. Restaking has become one of the hottest narratives this year. EigenLayer alone has already invested 11 billion US dollars. There is a complete application ecosystem built around the restaking design.
Representative project: EigenLayer
Related reading:
Binance Research’s 10,000-word report: A comprehensive understanding of the Restaking ecosystem
Bitcoin Layer 2 solutions aim to make transactions cheaper, faster, and secure. L2s can unlock the capital efficiency of Bitcoin, promote adoption, and inject value into the ecosystem.
Representative projects: Lightning Labs, Stacks, BitVM
Related reading:
Bitcoin Layer 2: Scaling solutions, challenges, and future prospects
A method of building blockchains that isolates each function from each other to improve efficiency and scalability. The modular concept combines several other narratives, such as alt L1s and DA layers.
Representative project: Celestia
Related reading:
LD Capital: The emerging trend of modular blockchains, the thriving Celestia ecosystem
Data Availability (DA) ensures that all data required for transactions on the blockchain is accessible to anyone. The Data Availability Layer (DA layer) will become the hub for blockchain to release data.
Representative projects: Celestia, EigenDA, Avail
Related reading:
Data availability solutions and a list of track projects
Decentralized Physical Infrastructure Network Systems manage and coordinate real-world physical infrastructure on the blockchain. DePIN represents real-world use cases for cryptocurrencies and blockchain technology.
Representative projects: Helium, Hivemapper, Filecoin
Related reading:
From incubation to eruption, where will the DePIN track go in 2024?
Alt L1s (alternative L1 public chains) aim to solve 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
Related reading:
Why are these 8 public chains more dominant than Ethereum?
Intents are the expected states that users want to change through transactions. These projects can greatly enhance the experience of DeFi users by simplifying interactions in an increasingly complex multi-chain world.
Representative projects: Anoma, Essential, PropellerHeads
Related reading:
Decoding “INTENTS” – How to change thoroughly
Interoperability refers to how chains communicate and interact with each other. It is evident that data and value need to be transferred across many different chains, such as TVL worth 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, often referred to as “Bitcoin NFTs,” can create unique digital assets on the Bitcoin blockchain. Bitcoin holders now have the opportunity to expand their investment in these assets.
Representative projects: NodeMonkes, Quantum Cats
Related reading:
With a market value approaching NodeMonkes, why has Runestone become the second largest Bitcoin NFT?
The innovative blockchain architecture of parallel EVM aims to overcome the scalability challenges of EVM. These platforms have tremendous potential by increasing throughput through parallel transaction execution.
Representative projects: Monad, Sei
Related reading:
Comprehensive interpretation of parallel EVM, project overview and future prospects
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
Related reading:
BlackRock embraces crypto again: After launching Bitcoin ETF, this time it launched an on-chain fund
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