What awaits us in Crypto in 2024
• The Verge: Simplifying block validation with verkle trees.
• The Purge: Streamlining the Ethereum protocol.
• The Splurge: Addressing other issues like EVM improvement and Account Abstraction.
4- ZkSync Mainnet
zkSync, developed by Matter Labs, is a Layer-2 scaling solution designed to enhance Ethereum's transaction process.
By leveraging ZK Rollups technology, it reduces costs, improves transaction speed, and ensures security.
This development signifies a significant stride as zkSync takes the lead in perfecting zkEVM technology.
Account Abstraction, or 'smart contractization' of wallet addresses, deploys individual addresses into smart contracts to manage fees and validate transactions on the blockchain.
This allows flexible changes to suit their intended use.
With Account Abstraction, zkSync allows:
• Pay in any token
• No seed phrase needed
• Sign multiple transactions at once
• Automatic payments
Zksync recorded more transactions than the Ethereum mainnet, processing 34.7m in the past 30 days.
According to @l2beat, Ethereum's mainnet had 34.2m transactions during the same period.
This surge in transaction volume on zkSync is attributed to the spread of inscriptions from Bitcoin to EVM networks and Layer 2 chains.
On December 16th, zkSync saw its biggest monthly transaction surge with 4.6m transactions, out of the total 5.3m for that day.
The high network activity is also associated with discussions regarding zkSync launching a governance token and rewarding early adopters.
Airdrop hunters are eagerly anticipating a significant airdrop from Zksync.
4- LayerZero Token Launch
The omni-chain interoperability project, LayerZero, confirms the upcoming token release.
They have an impressive valuation of up to $3b and significant capital raised to date, totalling $120m, has caught the attention of the community.
Over 91m cross-chain messages were processed through the
LayerZero protocol this year.
The summer saw the peak of activity, followed by a decline, but by the end of the year, we were again witnessing high daily transaction values.
LayerZero is gaining popularity as a hot name in the cryptocurrency world.
The crypto community is eagerly anticipating their token launch, which may include a substantial token airdrop.
As a result, they have become a sought-after target for airdrop hunters.
Furthermore, the community eagerly anticipates the release of tokens from several other renowned projects, including Base, Starknet, Linea, Metamask, and FriendTech.
We are welcoming 2024 with an abundance of exciting airdrops.
5- US Presidential Election
❯ 1st Halving (Nov 2012), US Election (Nov 2012) => Apr 2013: BTC got ATH
❯ 2nd Halving (Jul 2016), US Election (Nov 2016) => Dec 2017: BTC ATH got
❯ 3rd Halving (May 2020), US Election (Nov 2020) => Nov 2021: BTC got ATH
