CoinEx and ViaBTC Capital’s 2024 Crypto Annual Report reveals pivotal trends and milestones in cryptocurrency, including Bitcoin nearing $100,000, the rise of AI in blockchain, and increased institutional adoption.
What’s the significance: The report features the shifts in the crypto market, from technological innovations to regulatory clarity, helping readers understand the market’s direction and opportunities for 2025.
Access the full CoinEx &ViaBTC | 2024 Crypto Annual Report here.
Key details:
- The report, jointly released by CoinEx Research and ViaBTC Capital, provides an in-depth analysis of blockchain and cryptocurrency industries.
- It covers data for macro markets, blockchain tech, digital assets, DeFi, NFTs, and more.
- It also offers professional insights by tracking market trends, analyzing project white papers, and evaluating development prospects
Key Highlights:
- Market Performance:
- Bitcoin (BTC), driven by ETF approval and halving events, and Ethereum (ETH), due to the Dencun upgrade and expectations around ETF approvals, experienced significant growth and volatility in 2024.
- Bitcoin reached the $100,000 mark
- Ethereum stabilized above $3,500 by the year’s end
- The stablecoin market showed stable growth in 2024, with Tether ($USDT) leading and growing in market capitalization.
- $USDC also grew, while newer stablecoins like USDE and USD0 showed some market demand.
- The overall cryptocurrency market saw substantial developments, influencing both prices and trading volumes.
- Bitcoin (BTC), driven by ETF approval and halving events, and Ethereum (ETH), due to the Dencun upgrade and expectations around ETF approvals, experienced significant growth and volatility in 2024.
- Technological Advancements:
- Integration of Artificial Intelligence (AI) with blockchain technology accelerated, leading to the emergence of AI-driven crypto ecosystems.
- In 2024, many AI projects emerged and can be categorized into three layers: architecture, resource, and application.
- Integration of Artificial Intelligence (AI) with blockchain technology accelerated, leading to the emergence of AI-driven crypto ecosystems.
- Layer 2 solutions and staking mechanisms were highlighted to improve scalability and utility.
- Layer 2 solutions for Bitcoin gained attention, these are aiming to improve transaction efficiency and reduce costs, but foundational infrastructure is still needed for long-term utility.
- The Dencun upgrade in March 2024 improved Layer 2 costs and TPS, supporting Ethereum’s ecosystem.
- Layer 2 solutions for Bitcoin gained attention, these are aiming to improve transaction efficiency and reduce costs, but foundational infrastructure is still needed for long-term utility.
- Institutional Adoption and Regulation:
- Institutional interest deepened, with significant inflows into Bitcoin and Ethereum ETFs.
- The launch of Spot Bitcoin ETFs in January and Spot Ethereum ETFs in July, attracted $35.3 billion and $2.6 billion in net inflows, respectively.
- Regulatory developments set new standards for market operations.
- Institutional interest deepened, with significant inflows into Bitcoin and Ethereum ETFs.
- EU: Crypto Asset Market Regulation (MiCA) approved and enforced in December 2024.
- Japan: Crypto exchanges face stricter KYC and anti-money laundering regulations as of April 2024.
- China: Ongoing cryptocurrency trading ban since September 2024.
- Australia: Updated Anti-Money Laundering Act last July 2024.
- Emerging Trends:
- The MEME coin market flourished through Pump.fun, fueled by strong community support and innovative narratives.
- Type of MEME coins that emerged in 2024:
- Cult MEMEs were born from KOL Murad’s MEME coin super cycle theory in the latter half of 2024.
- Political MEMEs were prevalent due to the 2025 U.S. election year, with Trump as a major figure.
- AI MEMEs became mainstream in Q4 2024, fueled by MEME coins and the AI + Crypto narrative.
- The tokenization of real-world assets, such as U.S. Treasuries, surged, reflecting the market’s demand for diversified stablecoins.
- Outlook for 2025:
- Key trends expected to shape 2025 include the tokenization of traditional assets, advancements in Decentralized Science (DeSci), further AI integration, the evolution of the MEME economy, and the maturation of Layer 2 solutions.
- Technological breakthroughs in AI infrastructure, privacy computing, and cross-domain applications are anticipated to drive the next wave of innovation.
2024 Key Events Timeline:
Key quote:
“2024 was a year of significant growth and volatility in the cryptocurrency market… Looking ahead to 2025, the cryptocurrency market is expected to continue growing, with traditional asset tokenization, DeSci, AI integration, the Meme economy, and Layer2/DeFi evolution being key areas of focus. Technological breakthroughs in AI infrastructure, technical innovations, and cross-domain applications are anticipated. Regulatory frameworks are expected to become more defined, with a focus on protecting investor interests and guarding against financial risks.”
CoinEx
How it works: The report utilized market trend analysis, project white paper reviews, and development forecasts to provide actionable insights into blockchain and cryptocurrency industries.
Between the lines: The convergence of AI and blockchain technologies is more than a trend—it’s a transformative movement reshaping how data is used, processed, and monetized.
However: While growth in AI-driven ecosystems and MEME economies is promising, the market still faces challenges, including regulatory uncertainty in key regions like the U.S. and foundational infrastructure gaps in Layer 2 technologies.
Worth reading: Recently, the 2025 Predictions on the Blockchain Game Alliance’s 2024 State of the Industry Report stated that decentralized esports and interoperability are set to redefine gaming in this year.
This article is published on BitPinas: Coinex Report: 2024 Crypto Trends Signal Big Opportunities for 2025
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