This special edition of the Protocol looks back at 2024’s groundbreaking developments and forward to what the coming year might bring for blockchain technology.

Let’s dive into the milestones, trends, and predictions shaping the next era of crypto.

This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.

1. A Look Back: Top Crypto Tech Milestones of 2024

Ethereum’s Duncun Upgrade: 2024 marked Ethereum’s most significant network upgrade yet. Ethereum activated the Cancun-Deneb (Dencun) upgrade, a landmark improvement designed to enhance scalability and reduce data fees, marking a pivotal step in the network’s evolution. Duncun introduced proto-danksharding, a mechanism aimed at lowering costs for Layer-2 rollups by simplifying data availability and improving transaction throughput. The changes, though immensely debated, aimed to benefit developers and pave the way for further innovations in Ethereum’s roadmap, reinforcing its position as the leading smart contract platform.

Solana Locks in Value: Solana’s DeFi TVL hit $9 billion in total value locked (TVL) for the first time in three years, with its DeFi ecosystem experiencing even more growth. This achievement reflects increased user engagement and the expansion of decentralized applications on the platform. This growth was significantly helped by institutional adoption and major integrations. Financial giants like Franklin Templeton and Go to Source to See Full Article
Author: Benjamin Schiller

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