As 2024 draws to a close, it’s time to reflect on the year and revisit the projections made at its outset regarding investment opportunities in the blockchain industry. At the beginning of the year, our forecasts highlighted three key areas expected to experience significant financial growth. Now, as we review and analyse the events of 2024, it’s only fitting to evaluate these predictions.
Did they materialise as anticipated, or were the projections off the mark? Join us as we delve into the developments of the year to assess how reality measured up to expectations. Did DApps Do it? At the start of the year, Decentralised Applications (DApps) were predicted to experience significant financial growth. These applications, which operate on blockchain or peer-to-peer networks rather than centralised servers, were expected to revolutionise various industries.
This year, decentralised applications (dApps) have continued to grow in popularity and usage, with AI-powered dApps becoming a leading force in the Web3 space. In the third quarter of 2024, DApps industry saw a 70% increase in usage compared to the previous quarter, with 17.2 million daily Unique Active Wallets (UAWs).
AI-powered dApps became the most active category in the DApp space, accounting for 28% of the industry’s activity.The NFT sector also had its best quarter since Q1 2023, with a trading volume of $4 billion from 14.9 million sales.
One of the most groundbreaking advancements of 2024 has been the increasing.