Will the year of the blockchain be a modular blockchain in 2024?

Author: Dynamo Defi Translation: Shan Ouba, Bitchain Vision

Trend and narrative

Will the year of the blockchain be a modular blockchain in 2024?

Every time, a new encrypted ecosystem will appear, which is fundamentally different from the previous ecosystem:

2020 DEFI
2021 NFT

It can be considered that the infrastructure is in place quickly, and similar things may also occur on a modular blockchain.In short, the modular blockchain is a custom chain, just like Lego, you can choose different blockchain components to meet its needs:

Settlement
Data usability
Execution environment

Because these modular blockchain are highly customized, they are very suitable for application chains and smart contract chains for specific purposes.In the past, starting a custom chain was a difficult task, but now, the new instant service solution makes it as simple as clicking a few buttons.

With the improvement of this infrastructure, dozens or even hundreds of modular blockchain may be launched this year.The data usability layer Celestia built on COSMOS will be one of the main beneficiaries of this expansion.Dan Smith from BlockWorks Research outlines what the future of Celestia may be like:

Another important infrastructure of modular expansion is Dymension.Dymension is seeking creating a standard for Rollup to support IBC. Developers only need to click a few times to deploy custom rollup with this standard.In an interview with The Rollup, the founder of Dymension talked about how Dymension integrates into the modular ecosystem:

Global token

Bitcoin ETF has been launched.Important people on Wall Street seem to have a deeper interest in cryptocurrencies.

In this week’s interview, Berlaide CEO Larry Fink has repeatedly praised other practical tools for cryptocurrencies and tokens.In an interview, he talked about how all the future financial assets will be token, and the global classification accounts of this asset ownership can be used for shareholders’ voting:

Although people in the cryptocurrency community have been talking about “super -token” for many years, it is still amazing to see the CEO of the world’s largest asset management company in the world.

Please note how the Vingactor plan of Wall Street will (if so) will involve the public blockchain. It remains to be observed.However, more token -based assets have increased the use of cryptocurrencies and legalize the categories of assets.

Chain analysis

Arbitrum broke the new high in 2021 TVL history

This week, Arbitrum broke the long -standing high history of TVL.The previous record of Arbitrum was in November 2021.Following the ARB airdrop in 2023, Arbitrum almost broke the record.Now, more than two years later, it finally broke this record and became one of the only main chain stores in the bull market in 2021.

The growth of TVL is driven by bridges to a certain extent.In the past 7 days, the net inflow of ARBITRUM has exceeded 175 million US dollars.

Stable currency transfer volume hit a new high of 365 days

Stable currency transfer is one of the best uses of cryptocurrencies in the real world and has been increasing.The overall transfer volume of the stable currency this week reached a new high.This growth is mainly promoted by Solana. Since early December, Solana has been on the rise.

Tool focus

Use Clenium to track the usage of Celestia

Celestia is so unique in the blockchain world, so that it may be difficult to measure it with conventional indicators.However, it can still be roughly tracked through accounts, transactions and data blocks.Clenium is a Celestia blockchain browser for developers.