Title: Decentralized AI, Restaking, Bitcoin L2, Modularity, Data Availability, and More: Exploring the Latest Crypto Narratives
Decentralized AI systems are not controlled by a single organization. AI+Crypto is becoming the theme of this bull market as it may be the most easily understandable investment opportunity for the masses.
Representative Projects: Bittensor (TAO), The Render Network (RNDR), Grass
Related Reading: AI Concept Tokens Surge Again, 2024 to be the Year of AI x Crypto
Restaking assets to earn additional rewards has become one of the hottest narratives this year. EigenLayer alone has already invested 11 billion dollars in restaking. A complete application ecosystem is being built around the restaking design.
Representative Project: EigenLayer
Related Reading: Binance Research Report: Comprehensive Understanding of Restaking Ecosystem
Bitcoin Layer 2 solutions aim to make transactions cheaper, faster, and secure. L2s can unlock the capital efficiency of Bitcoin, drive adoption, and inject value into the ecosystem.
Representative Projects: Lightning Labs, Stacks, BitVM
Related Reading: Bitcoin Layer 2: Scaling Solutions, Challenges, and Future Outlook
Modularity is a method of building blockchains that isolates each function from one another to improve efficiency and scalability. The modular concept combines several other narratives, such as alt L1s and DA layer.
Representative Project: Celestia
Related Reading: LD Capital: Modular Blockchain is Flourishing, Celestia’s Ecosystem Thrives
DA ensures that all the data required for transactions on the blockchain is accessible to anyone. The Data Availability (DA) layer will become the hub for releasing data on the blockchain.
Representative Projects: Celestia, EigenDA, Avail
Related Reading: Data Availability Solutions and Project Overview
Decentralized Physical Infrastructure Network Systems manage and coordinate real-world physical infrastructure on the blockchain. DePIN represents real-world use cases of cryptocurrencies and blockchain technology.
Representative Projects: Helium, Hivemapper, Filecoin
Related Reading: From Incubation to Explosion: Where Will DePIN Track Go in 2024?
Alt L1s (Alternative Layer 1 Public Chains) aim to address the limitations of existing blockchains. This narrative dominated the previous bull market. The prevailing consensus is that Alt L1s transactions will never die and will be crucial in every cycle.
Representative Projects: Solana, Avalanche
Related Reading: These 8 Major Public Chains Show Stronger Performance Than Ethereum. What Are They Expecting?
Intents are the expected states that users want to achieve through transactions. These projects greatly enhance the DeFi user experience by simplifying interactions in the increasingly complex multi-chain world.
Representative Projects: Anoma, Essential, PropellerHeads
Related Reading: Decoding “INTENTS” – How to Change Everything Completely
Interoperability refers to how chains communicate and interact with each other. It is evident that data and value need to be transferred across multiple chains, such as billions of dollars in TVL, and this demand will only increase.
Representative Projects: LayerZero Labs, Axelar Network, Wormhole
Related Reading: Interoperability Protocols: 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 investments in these assets.
Representative Projects: NodeMonkes, Quantum Cats
Related Reading: Runestone Becomes the Second Largest Bitcoin NFT, Valued Close to Node Monkeys Just Days After Launch
Innovative blockchain architecture Parallel EVM aims to overcome the scalability challenges of EVM. These platforms have great potential by improving throughput through parallel transaction execution.
Representative Projects: Monad, Sei
Related Reading: Comprehensive Interpretation of Parallel EVM, Project Overview, and Future Outlook
Real-world assets such as gold, real estate, and commodities.
Narrative: RWA protocols can tokenize almost any asset in the world and bring it onto the chain, entering the market worth trillions of dollars.
Representative Projects: Ondo Finance, Parcl, Mattereum
Related Reading: BlackRock Embraces Crypto Again: Launches Bitcoin ETF and Now a Chain-Based Fund
Source: PANews (translated and adapted)
