Discovery cutting -edge: the hottest cryptocurrency narrative in 2024

Article Author: Siddhant Kejriwal

Article compilation: block unicorn

With the arrival of 2024, the cryptocurrency field is getting a pioneering return, bringing a generous return to those who have suffered the latest bear market storm.This recovery is not just a rebound of value; it proves the elasticity and continuous development of the encrypted ecosystem.Fixed investors, enthusiasts, and innovators are now standing at the forefront of revival space, witnessing the birth of breakthrough ideas and the bloom of cryptocurrency potential, turning it into a substantial and innovative application, Far beyond simple speculative assets.

A striking information map in A16Z’s “2023 Crypto Report” supports this vibrant recovery and shows the global prosperity of cryptocurrencies.Not only is the price rising; the influx of new ideas, the increase in startups, and the expansion of the user base, the compound annual growth rate (CAGR) since 2012 has reached between 63%and 84%.This strong growth narrative highlights the dynamic evolution of the cryptocurrency industry, and also highlights its ability to rebound and promotes the boundaries of possibilities. At the same time, it has opened a new era of innovation and opportunities.

This article deeply discusses some of the most striking new stories in the field of cryptocurrency in 2024.From the reform potential of decentralized finance (DEFI) to the pioneering progress of real world assets, innovation and breadth are shocking.However, when we explore these cutting -edge areas, it is essential to look at it with prudent eyes.Although many of these concepts are very promising, they are still in the budding stage, and its actual application has not been fully realized and tested.In addition, the changing regulatory environment brings additional complexity and potential resistance.

When we start to explore the narrative of top -level cryptocurrencies, we must be vigilant, we must recognize unlimited possibilities, and we must also pay attention to the uncertainty and challenges ahead.

Vigitalion of liquidity: reshape pledge dynamics

In the traditional pledge model, participants lock up assets to support network operations and face liquidity restrictions as a balance of earning rewards.Liquid pledges appear as an innovation that changes the rules of the game. By allowing pledges to solve this fundamental problem by maintaining liquidity while pledged assets.The demand for this method is increasing, because it will coordinate the benefits of pledge with the flexibility of mobile assets, enabling participants to maximize the operating efficiency and financial opportunities in the blockchain ecosystem.

ChainLink explains the liquidity pledge mechanism

Benefits and risks of liquidity pledge

Liquid pledges have brought several benefits to enhance pledge experience:

Enhance liquidity: The pledged token of the liquidity to the pledged assets enables them to use them in various DEFI applications without giving up the pledge reward.

Increase participation:Migrant pledge encourages more extensive participation in network security by reducing the entry threshold and strengthening decentralization.

Flexibility and efficiency:Participants can respond rapidly to market changes, and use their liquidity tokens for transactions and loans, thereby optimizing their asset effectiveness.

However, these advantages are also accompanied by related risks:

Smart contract vulnerability:The dependence on smart contracts brings a layer of risks, and the defects or vulnerabilities may lead to capital loss.

Market volatility:The value of liquidity tokens may fluctuate, thereby introducing market risk components that usually do not exist in traditional pledge.

Complexity and interdependence:Integrating various DEFI protocols will increase complexity and mutual dependence, which may exacerbate systemic risks in the blockchain ecosystem.

Famous flowing natureObject project:

Several well -known projects are at the forefront of liquidity motion, which has a significant impact on the web3 pattern:

Lido:As leaders in the field of liquidity pledge, LIDO provides solutions across multiple blockchain, which promotes pledge and does not lock assets, thereby enhancing liquidity and participation.

Rocket Pool:Rocket Pool provides Ethereum, providing decentralized and unscrupulous pledge services to promote accessible and network health.

These projects and other projects are leading the transition to a more flowing, dynamic and inclusive pledge environment, and cultivate a powerful web3 ecosystem, so that participants can participate more free, safer, and more favorable.With the continuous development of liquidity pledge, it is expected to redefine the pledged paradigm, providing a powerful combination of safety, liquidity and opportunities, and in line with the basic principles of decentralization and user authority in the blockchain field.

Revolutionary revolution: a new paradigm of cryptocurrency income

The breakthrough concept, known as “Restaking”, redefines the mechanism of blockchain security and token economics.Re -pledge is a complicated mechanism. The new blockchain network entrusts its economic security to a strong and professional security layer.This is achieved by accumulating the accumulation of liquidity and assigning it to the pledged layer, so as to ensure enhanced protection and efficiency.

“Re -RE) in RESTAKING represents the layered commitment: resources were initially pledged to ensure the safety of the main protocols such as Ethereum, and then allocated to another protocol, which benefited both layers.This innovation method simplifies security and cultivates more interconnected and cooperative blockchain ecosystems.

ReunionThe impact of betting on the encryption economy

Re -pledge is the change of the rules of the encrypted economy, especially for the emerging first network.By eliminating the needs of these network independent recruitment and authentication and accumulating pledge resources, pledge has significantly reduced entry thresholds and operating management costs.This model promotes the more effective use of resources, because pledge assets can be used across multiple agreements, thereby enhancing the overall safety and vitality of the web3 space.

In addition, the additional income flow generated by the pledge will inspire new participants to join the ecosystem.The influx of stakeholders helps to create a more secure, stable and decentralized web3 environment, highlighting the changing potential of re -pledge.

Ethereum pledged on the Internet | Charts from Cryptoquant

How to participate in again

Participating in re -pledge requires strategic methods and in -depth understanding of underlying platforms and mechanisms.Potential participants should first be familiar with platforms such as Eigenlayer and Etherfi, which are the forefronts of re -pledge campaigns.

The general steps include obtaining liquidity pledged token (LSTS) from platforms such as Lido Finance and mortgaging these assets to the selected pledge layer.By following this process, individuals and entities can contribute to the security and efficiency of multiple blockchain networks. At the same time, they can also use new channels to obtain income and participate in the field of digital assets.

BRC-20 token: Make Bitcoin more intelligent

BRC-20 tokens represent a major innovation that brings a new practical layer to the Bitcoin blockchain.Unlike Satoshi as a Bitcoin traditional basic unit, the BRC-20s tokens introduced a novel concept by burning the JSON file to a single Cong, thereby introducing a novel concept.This process is similar to adding a unique digital annotation to each Cong, giving them unique attributes and identities.These inscriptions can explain in detail various attributes, including the name of the tokens, the tokens and the total supply, and transform the ordinary Cong into a multi -functional digital asset.

The serial number inscription is also BRC-20 token

Overview of BRC-20 tokes and ERC-20 tokes

The creation of BRC-20 (such as Ordinals) tokens is very different from the established ERC-20 standards on the Ethereum blockchain.ERC-20 tokens use smart contracts to introduce new assets independent of Ethereum attributes, while BRC-20 tokens use inscriptions.To create a BRC-20s, the specific quantity of Bitcoin must be deposited into the order registry.Then, these saved Bitcoin will be used as the pillar of the BRC-20s tokens, and the token supply is corresponding to the number of deposits.

An interesting aspect of the BRC-20s tokens is their running framework, which allows them to run parallel with the main Bitcoin blockchain.Therefore, if the transaction fails to meet the pre-defined inscription conditions, it can be verified on the Bitcoin network, and the transaction can be rejected on the BRC-20 protocol.

The advantages of BRC-20 tokens include its simplicity and the strong security of inheritance from the Bitcoin blockchain.However, they also have some restrictions.Due to the lack of smart contract functions, their versatility has been limited, and the interoperability of other blockchain systems is relatively limited.

The future prospects of BRC 20th Dynasties

Looking forward to the future, the BRC-20 tokens are expected to start a new era of Bitcoin network.From realizing direct points to point-to-point transfers to promoting the creation of DEFI applications based on Bitcoin and the tokenization of real-world assets such as gold and real estate, the BRC-20 can significantly widen the case of Bitcoin, and open up a new evolution for its legendary evolution.Chapters.

ERC 7621: One basket of tokens standard

ERC-7621 is a new token standard developed by Alvara Protocol.It aims to create and manage multi -to -ken asset portfolios and investment portfolios on the management chain.It provides a framework for deploying token baskets on the Ethereum blockchain.A single BTS tokens can encapsulate any combination of ERC-20 tokens, similar to a common fund in traditional finance, thereby promoting the management of the fund on the chain.

The alvara protocol creates a basket of tokens | Pictures from Alvara LitePaper

Key features and innovation

A basket of tokens (BTS):A revolutionary method allows the creation to create tokens containing various basic ERC20 tokens.

Transferred and liquidity:The integration of the ERC721 standard for ownership is expressed to make the BTS transfer, thereby enhancing liquidity and management rights.

Fungible BTS LP tokens:These are ERC-7621’s LP tokens, which represents the holdings of the basket and can be used in various DEFI applications, which improves their practicality other than the traditional fund holding.

Dynamic donations and withdrawals:The protocol allows casting and destroying LP tokens during each donation or withdrawal, which is consistent with the dynamics of the fund.

Management fee and re -balance:ERC-7621 realizes the automatic distribution of management fees and promotes the adjustment of investment portfolios, and simplifies fund management.

Alvara protocol: use ERC-7621

The Alvara protocol uses ERC-7621 standards to provide decentralized framework for creating and managing investment funds on the blockchain.With the help of fund factories and markets, Alvara enhances the visibility and performance tracking of BTS with its support of its native Alva and Vealva tokens, thereby promoting the participation and governance of the ecosystem.The agreement realizes the democratization of fund management, ensuring a accessible and efficient elite environment.

Note: ERC-7621 is an experimental token standard, which has not been officially proposed as an Ethereum improvement proposal.Therefore, it has not been reviewed by the Ethereum community, so readers who plan to explore this new standard must be treated seriously.

ERC-404: semi-homogenized tokens

ERC-404 is another experimental token standard developed independently by Pandora Labs.Ethereum supports the ERC-20 standards of homogenized tokens and the ERC-721 standard of NFT.Pandora Labs merged with these concepts and created semi -homogeneous token, which is a very similar solution to fragmented NFTS.

Almost since the emergence of NFT, the idea of semi -homogenization tokens has been circulating in Web3.This idea specifies a situation that needs to have NFTS on the chain.Standard NFT tokens can only have one formal owner at a time, and ERC-404 defines a standard, which not only retains the “intangible homogeneity” of NFT, but also retains the liquidity of ERC-20 token.

Working principle of ERC-404:

ERC-404 token can be divided and unique.When the newly cast ERC-404 token represents the ownership of virtual assets, the entire unit in the single address will cast NFT in your wallet.Then the address can sell part of the token.Once the ERC-404 is divided, the agreement will destroy NFT.When an address collects a sufficient part of a specific ERC-404 tokens to form a whole, the agreement will be re-cast NFT in the associated address.

ERC-404 compared with other tokens | Pictures from the pandora website

The potential of ERC-404 token

Pandora’s innovation has many potential applications, which can expand the practicality of NFT.First of all, people can use fragmented NFT as the source of liquidity to provide motivation to the liquidity pool, or have a diverse NFT combination basket instead of purchasing the entire NFT unit separately.

However, users must understand that ERC-404 is experimental, not a standard Ethereum improvement proposal.Pandora is developing independently, and the Ethereum developer community has not yet reviewed it.Therefore, there may be errors and loopholes in this innovation, and bottlenecks may be prone to development.

Universal data availability layer: modular forefront

Data usability is very important because it ensures that sufficient transaction data can be accessed during the consensus process.This accessibility is essential for verifications or nodes to verify that the effectiveness of transactions in recommended blocks is essential.Data usability is the basis for maintaining chain activity, that is, the network continues to agree with the trading sequence and ensures that the invalid transaction is consistently identified and rejected.

However, creating a dedicated data usability (DA) layer is a resource -intensive work.It requires strong hardware functions and pledge requirements to ensure stability and security.In order to alleviate these challenges, the blockchain industry is witnessing the rise of the GM DA layer.These layers provide a shared infrastructure. New or emerging blockchain networks can simply “subscribe”, thereby reducing the needs of each chain to build its own expensive data availability solution.

Outstanding data availability solutions

Celestia:Celestia is a pioneering solution in this field that provides a modular blockchain network to decompose data availability and consensus, thereby achieving scalable and flexible blockchain design.
EIGENDA:EIGENDA provides a unique data availability method by using liquidity pledged tokens, thereby improving the efficiency of the blockchain network.
Polygon avail:As part of the Polygon kit, Avail is aimed at acting as a powerful and decentralized data availability layer, supports various blockchain architectures and enhances its performance and security.

Special data usability (DA)Layer advantage

The emergence of a dedicated DA layer brings multiple advantages to the blockchain ecosystem:

Reduce the overhead of the new chain:By using the existing DA layer, the new blockchain project can significantly reduce its startup and operating costs.
Efficient use of resources:The dedicated DA layer optimizes the resources of the entire ecosystem to prevent redundancy and promote ecological friendly blockchain operations.
Enhanced decentralization:Through accessable DA services, smaller chains can achieve security and decentralization that cannot be achieved in other ways.
The basis of the application chain:These layers promote the development of chain or “application chain” specific to the application, thereby realizing custom blockchain solutions, which can meet unique needs without affecting data integrity or availability.

In essence, the availability layer of the dedicated data is changing the blockchain pattern, providing infrastructure that supports the growth and diversification of Web3 ecosystems.They prove that the continuous development and maturity of blockchain technology has paved the way for more flexible, scalability and application -centric networks.

Depin: decentralized physical infrastructure network

The decentralized physical infrastructure network (DEPIN) represents the breakthrough movement in the encryption field and combines blockchain technology with the physical infrastructure of the real world.The DEPIN project uses the decentralization of the blockchain and the tokenization to innovate in the fields of data storage, energy and connection to change the provision and management of physical services.The famous examples such as The Graph Protocol, TheTa Network, and Arweave illustrate the potential of DEPIN, showing how the blockchain is extended outside the digital field to affect the tangible real world infrastructure.

The Graph Protocol uses the blockchain to index and query network data, which effectively creates decentralized services for information retrieval.
TheTa Network achieved the decentralization of the video stream by allocating bandwidth to users, thereby improving the quality and coverage of streaming media services.
Arweave provides a novel data storage solution that allows information to be permanently stored on a decentralized network.

These measures fully reflect how DEPIN redefines infrastructure and uses crowdsourcing contributions to improve service efficiency and accessibility.

DEPIN’s advantages relative to the traditional system

Compared with traditional infrastructure models, Depin has many advantages:

Decentralization:By allocation of control and ownership, DEPIN ensures that any single entity cannot monopolize services, thereby cultivating more democratic infrastructure ecosystems.
transparency:The inherent transparency of the blockchain allows all network participants to view and verify the transaction and operation processes.
excitation:DEPIN uses cryptocurrency rewards to motivate participation to ensure that infrastructure is maintained and enhanced by spontaneous communities.
Accessability:DEPIN reduces the threshold for entering, so that broader participants can contribute to the physical infrastructure services and benefit from it.

DEPIN’s partition map | Picture from X

DEPIN’s challenge

Although DEPIN has potential, it still faces some challenges:

Integrated with physical infrastructure:Connecting the digital blockchain system with physical infrastructure requires innovative solutions and powerful middleware to ensure seamless operation.

Scalability:With the development of these networks, it is crucial to ensure that they can effectively expand and maintain service quality and network security.

Regulatory compliance:Understanding the regulatory environment, especially in the field of energy and transportation, it is essential for DEPIN’s adoption and success.

In short, DEPIN is preparing to change the physical infrastructure to make it more decentralized, transparent and user -centric.By using innovative and collaborative methods to solve related challenges, DEPIN can have a significant impact on various industries and create a new era of blockchain to integrate physical services.

Decentralization science: revolutionary change research and innovation

DESCI is an innovative movement that uses blockchain technology to change scientific research, collaboration and publishing pattern.DESCI solves several long -term problems in traditional science, such as data irreplaceable, research funding and publishing process lack of transparency, and a few door -seeing institutions’ monopoly on knowledge.Utilizing the transparency, unsatisfactory and decentralized characteristics of the blockchain, the decentralized science (DESCI) promotes open collaboration, realizes the democratization of scientific data access, and simplifies the financing mechanism.

Decentralization Science (DESCI) in data sharing, research and publishing, and funding

Decentralization Science (DESCI) has completely changed data sharing by achieving transparent, unsplisted scientific data records, promoting verification of peer, and encouraging cross -border cooperation.Destallation Science (DESCI) challenged the traditional research and publishing model and provided a decentralized platform. The research results on this platform can be published without excessive control, so as to ensure that scientific discovery can be spread and recognized faster dissemination and recognition.Essence

In addition, DESCI introduces innovative funding models, such as decentralized autonomous organizations (DAO), allowing community members to directly fund the research projects they believe.This model accelerates the funding process and democrates the decision -making process, which will be consistent with the incentives as the interests of the community rather than cater to the interests of a few people.

Decentralization science (DESCI) Famous projects

Vitadao:Vitadao focuses on funding longevity research.By using blockchain technology, community members can have the right to speak in their funding research projects, thereby promoting the direct connection between researchers and the public.
Athena dao:Athena DAO focuses on biomedical research and uses blockchain to promote funding and cooperation in the field of medical research to ensure that the results of the research have been widely shared and transparent.
Vallet dao:Vallet Dao is another important participant in the DESCI field. It aims to decentralize the funding and publishing process of scientific research to make it easier to obtain and efficient.

In short, DESCI (DESCI) will redefine scientific research and publishing paradigms, break the obstacles of information acquisition, ensure greater transparency, and promote more inclusive and collaborative scientific inquiry methods.Through Vitadao, Athena DAO, and Vallet Dao projects, centralized science (DESCI) is not just a concept, but a reality of continuous development, which may have a significant impact on the development and sharing methods of global scientific research.

Vigatization Real World Assets (RWA)

Active World Assets (RWA) is a new niche market in the field of cryptocurrencies in 2024. It has obtained motivation for its innovative methods in the field and digital fields.RWA is a blockchain tokens, which represents the ownership or equity of the real and traditional financial assets.The industry is rapidly expanding. Various projects carry out tokenization of a series of assets, including cash, commodities, real estate, etc., thereby introducing these assets into the blockchain to enhance liquidity, accessability and efficiency.

How to operate assets of assets

The assets currency involves converting the rights of assets into digital tokens on the blockchain.This process first verifies and evaluates assets, and then creates a number representation (ie token) that reflects ownership or asset value claims.You can then purchase, sell, or trade these tokens on the digital platform, so that some ownership and widespread investment opportunities can be allowed, and these investment opportunities are difficult to obtain these investment opportunities due to insufficient high entry thresholds or lack of liquidity.

RWA industry | Picture from Galaxy Digital

The benefits of RWA

Accessability and tolerance:Vigatization makes the acquisition of investment opportunities more democratic, enabling more people to invest in high -value assets through some ownership.
Liquidity:The tokenization of real -world assets can enhance its liquidity, making it easier for the transactions of these assets, without traditional intermediary agencies.
Transparency and efficiency:Blockchain technology ensures transparency, and can clearly understand the ownership and transaction history of assets, thereby reducing fraud and accelerating the speed of transaction.

RWA’s risk

Regulatory uncertainty:The tokenization of real -world assets leads to a complex regulatory environment, and the clarity and compliance are still developing.
Market risk:The value of the tokens may fluctuate, affected by the performance of basic assets and a wider level of crypto market dynamics.
Operating risk:This process involves various stakeholders, including legal entities, custodians, and token issuers. Its operating integrity is essential for the tokenization and continuous management of assets.

The project construction of the RWA section

ONDO:ONDO focuses on the democratization of financial assets, and provides a platform for subdivision and investment to subdivide and invest in the diversified investment portfolio of real world assets through blockchain technology.
Polymesh:Polymesh is a blockchain specially designed for regulatory assets, which can promote compliance and provide a framework for issuing and managing securities on the blockchain.
Mantra:Mantra operated in the field of DEFI, extending its products to the tokenization of real -world assets, aiming to bridge the gap between traditional finance and DEFI.

In short, the tokenization of real -world assets represents a major leap in the integration of physical and digital worlds, providing countless benefits, and also brought unique challenges.

Summarize

When we examine the dynamic pattern of cryptocurrencies in 2024, it is clear that we can clearly see that this industry is not just rebounding; it is constantly developing, diversified and mature.The foundation of this revival is a wave of innovation, which extended the possibility of blockchain and encryption.From the liquidity enhancement mechanism of liquidity pledged tokens to the throughout the decentralized physical infrastructure network to achieve the breakthrough integration of the blockchain and the physical world.The number of accessing numbers has taken one step in the future.

The emergence of tokensized real -world assets indicates a new era of integration of traditional asset markets and blockchain technology, providing unprecedented opportunities for investment and asset management.At the same time, decentralized science (DESCI) is expected to completely change the foundation of scientific research and publishing, and cultivate a global research community with more collaborative, transparency and inclusiveness.

However, when we marvel at these progress, it is crucial to look at this new field from a balanced perspective.Many of these innovations are in the new stage, which means that they are still being tested in the real world’s application and market acceptance challenges.In addition, the continuous development of the supervision environment has brought potential challenges and shaping the development trajectory of these emerging industries.

The cryptocurrency environment in 2024 proves the toughness and unremitting innovation of the blockchain community.When we embark on this journey full of hope but unpredictable, maintaining information spirituality, strong adaptability, and insight will be the key to using the opportunities in this new digital era and cope with challenges.

The future of cryptocurrencies is in front of us. It is full of potential and the possibility of waiting for us to seize.

In the currency circle, we must learn to see the general trend and see the progress of the entire market. Only by clear and clear at the present stage can we better seize the follow -up opportunities of the subsequent field!Learn more about industry information, no threshold, no charge, no exchanges, no recommendation links,,Pay attention to my homepage in the circlePublic account QR codeIntersectionIntersectionIntersection