2024 marked a significant year for the crypto industry as Bitcoin surpassed the $100,000 mark. HTX Ventures, the global investment division of HTX, supported 28 leading crypto projects and funds this year, exploring new crypto utility frontiers. The company recently released the '2024 Year In Review' report, highlighting key achievements and industry forecasts.
Bitcoin Ecosystem
Bitcoin continues to strengthen its position with dominance reaching 56.81%. Spot Bitcoin ETFs now account for 5.3% of the total supply. This cements its status as a core asset, supporting the development of new infrastructure solutions like Layer 2 to improve capital efficiency. HTX Ventures anticipates growing Bitcoin demand in the coming years.
Infrastructure Projects
Infrastructure remained a key area for investment and funding this year. The development of Layer 1 and Layer 2 projects accelerated alongside cross-chain solutions, expanding the multi-chain landscape. Projects aimed at enhancing security and capital efficiency attracted market attention. Companies like Solana and TRON made strides in developing meme coins and other infrastructure projects.
2025 Outlook
The expected repeal of SAB 121 in 2025 under Donald Trump could allow traditional financial institutions to hold crypto assets on their balance sheets, accelerating the institutionalization of crypto assets. Additional support from traditional institutions will bolster Bitcoin's position as a core asset alongside others linked to U.S. dollar industry cycles, such as AI. HTX Ventures note that the market is still far from its bull market peak.
2024 demonstrated significant progress in various areas of the crypto industry. HTX Ventures continues to support key development areas, including the Bitcoin ecosystem and infrastructure projects, playing a vital role in shaping future trends and innovations in 2025 and beyond.
