20 Hot Areas to Follow in the Crypto Market in 2024

The new year has arrived, and the crypto market will also usher in new opportunities and challenges. This article has compiled 20 key crypto narratives to focus on in 2024, covering multiple aspects from underlying infrastructure to upper-layer applications, and it is expected to be a vibrant year.

1. Parallelization of EVM

A certain public chain announced an upgrade in November, becoming the first parallel EVM chain, followed by a significant increase in the prices of several related projects. Although there has been some pullback, the competition for public chain performance is still ongoing. Projects worth following include some emerging public chains focused on EVM parallelization.

2. Modular Blockchain

Data availability, consensus mechanisms, execution layers, and other directions are flourishing in various ways. Weekly reports from some industry professionals are excellent sources of information.

3. A Certain Ecosystem

Recently, a large number of meme coins have emerged in this ecosystem, and DEX infrastructure projects have also seen good growth, but development should not stop there. Focus on projects along the chain of asset issuance, circulation, and leverage.

4. Decentralized Internet of Things ( DePin )

Although the DePin concept has been hyped recently, it still has development potential. Hardware mining can serve as an entry point, and a good dividend mechanism design is also very important. Project teams can learn from some professionals about fund pool design courses.

5. Restaking (

DeFi projects compete through interest rates. Ethereum POS brings about 3% risk-free yield, with leverage up to 8%. Some projects claim to have native yields, vampirizing from DeFi. In the future, Ethereum's DeFi ecosystem may achieve a long-term risk-free yield of 10%.

6. A Public Chain Ecology

Similar to point 3, after the launch of the public chain v2, the focus will be on projects related to asset issuance, circulation, and the leverage chain.

7. A Certain Layer 2 Ecosystem

After a long wait, the project may soon issue tokens. There are mainly two development directions: DeFi and full-chain gaming. For the DeFi direction, it is important to follow the movements of the ecosystem's DeFi committee, while for full-chain gaming, attention can be given to some professional research institutions.

8. A Certain Inscription Protocol

Compared to BRC20, it is more legitimate to consider holding tokens of leading projects. Other inscription projects can be participated in based on market sentiment.

9. GameFi

A number of outstanding game projects will emerge in Q4 2023 and will be launched one after another this year. For specifics, you can consult some professional game guilds.

10. On-chain Games

Using on-chain assets for gaming can bring stronger dopamine stimulation. You can follow some content from professional research institutions.

11. PoW Projects

Miners need to continuously mine to ensure profits. A simple strategy is to follow the new models of mining machines launched by mining companies. After a certain company launched a new mining machine in May 2023, the related token reached a maximum increase of 10 times.

12. A Certain Cross-Chain Ecosystem

Although we haven't researched this ecosystem much, it has always remained vibrant and has the potential to give birth to high-quality projects.

13. Derivatives

The current DeFi protocols are becoming increasingly complex, making it difficult for individuals without a financial background to understand. However, for traders, it is a better battlefield, allowing for more complex arbitrage and hedging to be completed on-chain. Some projects have shown good fundamental data performance and offer a good user experience.

14. Intent ) Intent ( and AI

After a certain organization proposed this concept, it became briefly popular, but it has since quieted down. However, it is still necessary to continuously follow the progress of related projects.

15. A New Public Chain

Its Proof of Liquidity mechanism will be the battlefield where economic models and tokenomics design compete for capital efficiency.

16. De-Centralized Science)De-Science(

A research institution mentioned this narrative, but it is still unclear when it will be hyped. Currently, it mainly involves pharmaceutical and AI projects.

17. Stablecoin

Some projects are launching new versions, bringing new architectures, new capital efficiencies, and new interest rate mechanisms.

18. Fund Pool Design

The story of the OHM fork project continues, with two projects having increased by 20 times in the past 30 days.

19. ZK Proof Hardware Acceleration

Currently, there are relatively few related projects, and it may still be too early, so it needs to be followed closely.

20. ZK Co-processor

This field still requires in-depth research, and some professionals' articles can serve as references.