Blockchain Technology Development Trends and Hotspot Analysis

1. The L2 ecosystem is thriving

Ethereum Layer 2 solutions are entering a period of explosion. With projects such as Starknet, zkSync, Scroll, and Blast going live one after another, the L2 market competition is becoming increasingly fierce. The dual drives of technological innovation and market demand have made the ETH+L2 ecosystem the largest isomorphic cross-chain ecosystem. This trend indicates that Layer 2 solutions will play an increasingly important role in the future blockchain landscape.

Notable projects include Starknet, zkSync, Scroll, Blast, and Manta.

2. Blockchain modularization has become an inevitable trend

With the launch of Celestia, the market landscape of data availability (DA) layer begins to break Ethereum's exclusive monopoly. Currently, frameworks like OP Stack and Polygon CDK provide mature smart contract architectures, driving the industry's exploration of Bitcoin's DA-ification. The thriving development of shared/decentralized sequencers, RaaS (Runtime as a Service) and other subfields marks that blockchain is accelerating its iteration towards modularity.

Notable projects include Celestia, Altlayer, Dymension, Avail, Fuel, and Espresso.

3. BTCfi Welcomes Breakthrough Development

Bitcoin finance ( BTCfi ) is experiencing explosive growth, with the potential to release over 10% of Bitcoin liquidity. With the rise of the inscription narrative, Bitcoin Layer 2 and the application ecosystem are also entering a new wave of development. It is expected that BTCfi will support a market exceeding $100 billion.

Notable projects include Stacks, Merlin, B² Network, and Chainway.

4. Restaking Creates a New Consensus Model

In the modular blockchain narrative, Restaking provides an innovative way for emerging blockchain projects to gain security. This approach can avoid unhealthy mechanisms that adopt excessively high token inflation. The Bitcoin ecosystem is represented by Babylon, while the Ethereum ecosystem is led by EigenLayer, giving rise to a new narrative of LRD( liquidity re-staking derivatives ).

Notable projects include EigenLayer, Babylon, ether.fi, Puffer, and Pendle.

5. GameFi迎来第二个发展周期

With the popularity of MPC wallets and the richness of game content, GameFi is entering a new stage of development. Game projects that have undergone three years of iteration possess stronger user engagement and more complex economic systems, gradually shedding the purely Ponzi attributes of the previous cycle.

Notable projects include Illuvium, Space Nation, Lumiterra, and Matr1x.

6. The Integration of AI and Web3 Brings Long-term Opportunities

The combination of artificial intelligence and blockchain is creating new possibilities. On-chain AI utilizes smart contracts to automate and dynamicize machine learning, while blockchain technology provides transparency and verifiability solutions for AI. Key elements such as AI models, GPU computing power, data feeding, and labeling can all be integrated into the blockchain.

Notable projects include TAO, OLAS, and JANCTION.

7. DePIN Shows Exponential Growth Potential

The decentralized physical infrastructure network ( DePIN ) is emerging as a new model for online + offline token distribution and service provision. With the improvement of infrastructure, the application of encryption technology will drive the exponential growth of DePIN in achieving network effects.

Notable projects include Mobile, Io.net, Meson, and POKT.

8. Social Currency Experiment Continues

Although early attempts like Friend.tech have not succeeded, the enormous potential of social monetization has been demonstrated. Anti-censorship and security have become core demands of Web3 social platforms. Social protocols like Lens and Farcaster still carry the hopes of the industry.

Notable projects include Farcaster, Lens, and Nostr.

9. DeFi Derivatives Awaiting Momentum

The financial sector remains the most valuable and practical application area of Blockchain. GMX's globally shared liquidity pool and Gains' efficient synthesis solution continue to lead the market. Emerging futures protocols like Aevo and Whales are also performing well in the bull market. The derivatives market is considered one of the best narratives in the long-term fundamentals.

Projects worth paying attention to include GMX, Gains, Drift, Apex, Aevo, and Whales.