In response to Binance, 2024 was a essential yr for the cryptocurrency sector, with a market growth and the rise of latest developments. 2025 guarantees to be equally attention-grabbing, with key themes evolving.
Let’s see all the small print on this article.
From ETFs to Bitcoin information: 2024 was a yr of historic turning factors, the evaluation by Binance
The yr 2024 marked a turning level for the cryptocurrency sector, with market progress of 96.2% year-on-year and vital milestones which have redefined future prospects.
The whole capitalization has reached spectacular ranges, pushed by moments of nice momentum within the first and final quarter of the yr.
The launch of spot ETFs on Bitcoin in the USA in January represented a basic catalyst, attracting new traders and strengthening the optimistic sentiment out there.
Even the macroeconomic situations have performed a decisive position in supporting this progress. The Federal Reserve decreased rates of interest in September, creating a positive setting for investments.
Moreover, the presidential elections in the USA and the next expectations of pro-crypto rules have given extra momentum to the sector.
The yr was additionally characterised by the emergence of latest narratives, comparable to restaking, memecoin, and agenti AI, which have captured the eye of traders.
The yr 2024 was notably vital for Bitcoin. In January, the approval of spot ETFs in the USA represented a turning level.
The cryptocurrency surpassed the long-awaited threshold of 100,000 {dollars} in December, consolidating its management within the sector.
The Bitcoin ETFs have attracted about 35 billion {dollars} in web inflows, reaching a complete of 105 billion {dollars} in property beneath administration. The dominance of Bitcoin out there has exceeded 60%, a stage not seen since 2021.
The Bitcoin ecosystem has additionally skilled an extraordinary progress. The fourth halving occasion halved the annual issuance of the cryptocurrency, whereas the full worth locked in Bitcoin-based DeFi elevated by 6,400%.
Trying to the longer term, the maturation of ETFs, company adoption, and the event of Layer 2 are set to play a vital position within the progress of the Bitcoin ecosystem.
Ethereum, the competitors between alt-L1 and DeFi
Ethereum has maintained its dominant place amongst alt-L1, main the market by way of capitalization, buying and selling quantity, and TVL in DeFi.
Nonetheless, metrics comparable to day by day transactions and energetic addresses have been dominated by Solana, which has continued to face out for its transaction velocity and low charges.
The yr 2025 guarantees to be an attention-grabbing one for Ethereum, with the anticipated launch of ETFs on Ether in the USA and technological updates like Pectra, which may additional enhance the scalability and effectivity of the community.
Within the meantime, Solana has surpassed historic highs a number of instances in DEX buying and selling quantity and is attracting an increasing number of builders, regardless of the stablecoins on the community remaining comparatively restricted.
The DeFi sector additionally skilled a major restoration in 2024, with a rise within the complete worth locked of 119.7%, reaching 119.3 billion {dollars}.
This revival has concerned all of the subsectors of DeFi, together with the cash markets and decentralized exchanges, which have reached new milestones.
The rising adoption by customers and establishments has decreased the hole between the experiences supplied by DeFi and people of centralized exchanges.
The yr 2025 shall be a vital yr to evaluate whether or not DeFi will reach consolidating these achievements and providing a tangible impression in the actual world.
The event of on-chain monetary primitives and the combination of smoother consumer experiences shall be key components to draw extra capital and customers.
Stablecoin and new frontiers
The stablecoins have reached new information in 2024, with a market capitalization of 205 billion {dollars}. USDT has continued to dominate, however USDC has gained floor, recording a rise of 82.4% in capitalization.
A brand new competitor, the USDe by Ethena, has emerged because the third largest stablecoin in only a few months, demonstrating the rising curiosity in modern stablecoins.
In 2025, the stablecoin market will probably proceed to evolve, with new choices able to producing returns and integrating superior options.
This sector represents one of the crucial promising areas to draw institutional traders and develop the adoption of cryptocurrencies.
Among the many rising narratives, synthetic intelligence brokers and memecoins have attracted vital consideration. AI brokers, initially launched as instruments for evaluation and leisure, are quickly evolving into more and more subtle options.
In 2025, the entry of conventional gamers into the sector and the speedy technological growth may additional revolutionize this area.
Memecoins, regardless of being a extremely speculative section, have proven spectacular progress in 2024, with a rise of 212%. Solana has established itself as the popular platform for buying and selling memecoins, because of its environment friendly and cohesive construction.