Public Chain Industry Annual Report 2024: Application Breakthroughs Leading New Directions for Development
2024 is a significant turning point for the public chain industry, with the focus shifting from technological competition to the practical application of solutions. In this year, the market capitalization of public chains grew by 105.3% to reach $2.8 trillion, Bitcoin's price broke the $100,000 mark, and institutional adoption was achieved through ETFs. The Ethereum Layer 2 network expanded to over 200 chains, while Bitcoin Layer 2 TVL grew by 1,277.6%. These developments indicate that the industry is moving from the stage of technological experimentation to real-world applications.
Market Dynamics: Growth and Transformation
In 2024, the public chain industry achieved unprecedented growth, with multiple key indicators showing significant expansion.
The total market capitalization of public chains increased by 105.3% to reach $2.8 trillion. Bitcoin's dominance rose to 69.8%, while Ethereum's share fell from 20.4% to 15.2%. B