2024 was a groundbreaking year for the crypto industry, marked by innovations and Bitcoin's record performance. CoinGecko's annual report analyzes key events.
Bitcoin and Market's Explosive Growth
The fourth Bitcoin halving and the approval of U.S. ETFs drove Bitcoin's price to a record $108,135, with the total market capitalization reaching $3.91 trillion. Bitcoin's dominance rose to 53.6%.
Ethereum and Layer 2 Ecosystems Thrive
Despite Ethereum's market cap decline, Layer 2 scaling solutions surged, largely due to Base, which averaged 7.2 million transactions daily. This highlights the shift towards faster blockchain solutions.
AI Agents and Solana’s Rise
AI-driven assets saw a dramatic rise, with market cap increasing by 322.2% in Q4. Projects like GOAT on Solana showcased how AI is merging with blockchain to create new industries.
In 2024, the crypto industry demonstrated sustainable growth with many innovations, as highlighted in CoinGecko's report. These developments point to a promising future.
