Crypto in 2024: Bitcoin ETFs, Blockchain Advances, and $3B TVL
The cryptocurrency industry witnessed significant milestones and technological advances in 2024, with Bitcoin spot ETFs gaining approval in the US, representing 6.25% of Bitcoin's total supply. Blockchain infrastructure saw substantial investments, and Bitcoin's ecosystem expanded significantly.
The year was marked by improvements in Ethereum and growth in Layer 1 and Layer 2 platforms. Bitcoin's interoperability and security layers were strengthened, while memecoins served as a gateway for millions of retail investors. Notable developments in Bitcoin's Layer 2, such as spiderchains, ZK-rollups, and the Lightning Network, contributed to a $3 billion TVL.
HTX Ventures' 2024 annual review highlighted these advances and trends for 2025. The company aims to support and enhance blockchain infrastructure through strategic investments, like its backing of RedStone Oracles. Five key sectors showed promising progress: Bitcoin ecosystem, blockchain infrastructure, memecoins, artificial intelligence, and the TON ecosystem. Ordinals and Runes also contributed to the growth of the Bitcoin ecosystem by enhancing its usability.
The Bitcoin ecosystem grew significantly in 2024, with Bitcoin's dominance increasing from 45.27% to 56.81%. As we look ahead to 2025, the progress in these key sectors and the continued development of blockchain infrastructure promise an exciting future for the cryptocurrency industry.
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