The year 2024 was transformative for the crypto space. Activity reached all-time highs, transaction fees dropped, stablecoins found practical use cases, and Bitcoin and Ethereum exchange-traded funds were approved. Regulatory clarity also improved, offering the sector more defined paths.
Mobile Crypto Wallets
Mobile crypto wallets have become a key indicator of retail investor interest in 2024. Apps like Coinbase Wallet, MetaMask, and Trust Wallet are leading the way, while newer apps like Phantom and World App are gaining traction.
Stablecoins Everywhere
In 2024, stablecoins became even more useful due to lower transaction fees, enabling cross-border payments and value storage in countries with high inflation.
ETPs Bring Bitcoin and Ethereum to Masses
The approval of Bitcoin and Ethereum exchange-traded funds in the U.S. in 2024 has made it easier for both private and institutional investors to invest in cryptocurrencies. However, the volumes have only attracted a small part of the potential funds so far.
DEXs vs CEXs
Decentralized exchanges (DEXs) are gradually taking market share from centralized exchanges (CEXs), now handling about 11% of spot trading volume.
Transaction Fees
Transaction fees are a key indicator of blockchain network popularity. A significant milestone occurred when Solana surpassed Ethereum in total fees, despite having low transaction costs.
The year 2025 promises to be significant for the crypto industry, with the growing influence of mobile wallets, stablecoins, and decentralized exchanges. These trends are expected to continue, creating new opportunities for the sector.
