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2024 at a Glance in Web3 🎉

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Crypto Trends of 2024

The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.

📈 M-Cap of Trends with Time

Layer 1 (L1)
$1,291,736,466,369
Stablecoins
$135,200,682,724
DeFi
$77,462,416,421
Exchange-based Tokens
$75,772,496,466
Liquid Staking
$28,591,632,297
  • Jan
  • Feb
  • March
  • Apr
  • May
  • June
  • July
  • Aug
  • Sep
  • Oct
  • Nov
  • Dec

Trends Cloud

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Top Crypto Buzz in 2024

The Web3 and cryptocurrency market in 2024 witnessed a series of pivotal events from the approval of spot Bitcoin ETF to BTC price hitting the $100,000 landmark.The regulatory developments, macroeconomic events, and token launches this year has set the stage for future developments as well as the need to identify and resolve headwinds for the industry.

Jan 2024 Spot Bitcoin ETF Approval in the US

The U.S. SEC greenlights multiple spot Bitcoin ETF applications for trading on NYSE Arca, Cboe, Nasdaq driving mainstream adoption.

March 2024 Solana Meme Coin Frenzy

Solana blockchain becomes hotbed for launch of meme coins such as dogwifhat (WIF), Book Of Meme (BOME), and more.

April 2024 Bitcoin Undergoes Fourth Halving

Bitcoin halving grabbed global attention post Bitcoin ETF approval as mining rewards halved to 3.125 BTC.

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April 2024 Binance Founder Changpeng Zhao Prison Sentence

Crypto billionaire Changpeng "CZ" Zhao spent 4 months in a California prison as he plead guilty for money laundering violations.

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July 2024 Spot Ethereum ETF Approval in the US

The U.S. SEC approved spot Ethereum ETF products for trading on NYSE Arca, Cboe and Nasdaq.

August 2024 Ripple Secures Major Win in US SEC Lawsuit

Judge Analisa Torres ordered Ripple to pay $125 million in penalities, significanlty lower than $2 billion sought by the U.S. SEC.

August 2024 Telegram CEO Pavel Durov Detention in France

Pavel Durov's arrest regarding illegal activity on Telegram sparked free speeech protests as he faced 12 criminal charges in France.

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November 2024 Donald Trump Wins US Presidential Election

Donald Trump elected as 47th President on pro-crypto regulations, policies and strategic Bitcoin reserve promises.

November 2024 Spot Bitcoin ETF Options Trading Gets Greenlight

Options trading on spot Bitcoin ETFs gets final nod from the OCC after approval by the U.S. SEC and the U.S. CFTC.

December 2024 Bitcoin Price Hits $100K

Bitcoin price surpassed most-anticipated $100K landmark as Trump nominates Paul Atkins as SEC Chairman.

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BTC-ETH

• BTC-ETH Mainstream Emergence •

The U.S. Securities and Exchange Commission (SEC) finally greenlighted Spot Bitcoin ETFs and Spot Ethereum ETFs. Here's the huge volume these regulated investment products recorded over time

📈 BTC ETF over time

All Bitcoin ETFs IBIT, GBTC, FBTC, ARKB, BITB, BITX, BITO, BITU, BRRR, BTCO, EZBC, BTCW, WGMI, YBIT, BITI, YBTC, BTF, SBIT, MAXI, BITS, BTFX, BTCL, BITC, BTGD, ARKA

📈 ETH ETF over time

All Ethereum ETFs IBIT, GBTC, FBTC, ARKB, BITB, BITX, BITO, BITU, BRRR, BTCO, EZBC, BTCW, WGMI, YBIT, BITI, YBTC, BTF, SBIT, MAXI, BITS, BTFX, BTCL, BITC, BTGD, ARKA

Global Crypto Regulations & Taxation Around the Globe

The year 2024 witnessed significant regulatory and tax policy adjustments in major economies aiming to integrate cryptocurrencies into their financial systems while ensuring market integrity, investor protection, and tax compliance. Here's an overview of these developments:

Country Regulation Overview Taxation Policy
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United States
  • SEC considers most cryptocurrency securities
  • IRS treats crypto as property.
  • CFTC may regulate as property.
  • Cryptocurrency gains are subjected to capital gains tax.
  • cryptocurrency gains are subjected to capital gains tax.
  • New rule requires reporting transaction over 10,000 in digital asset business dealings.
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India
  • Cryptocurrencies are not banned outright.
  • No specific regulatory framework exists.
  • Cryptocurrencies fall under Virtual Digital Assets
  • A flat 30% tax applies on profits from crypto trading.
  • 1% TDS on transaction above certain threshold.
  • Losses from one VDA cannot offset gains from another gains.
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Russia
  • Cryptocurrencies are regarded as properties
  • Crypto mining is now legal
  • Personal income tax of 13% to 15% on crypto sales
  • Corporate tax of up to 25% on mining profits
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United Kingdom
  • Draft comprehensive crypto framework to go live in 2025
  • Pending bill to recognize digital assets as property
  • Capital Gains Tax of 10% to 20%
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South Korea
  • Existing regulatory framework for VASP
  • Digital assets not regarded as legal tender
  • Crypto sales are tax-free due to lack of proper classification of digital assets
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Nigeria
  • Regulatory Framework For VASP
  • No outright ban on digital assets
  • Legal status of digital assets remains ambiguous
  • 10% Capital gains tax on crypto sales

Crypto Adoption in 2024

In 2024, crypto adoption was FOMO and panic driven after big financial institutions, high-net-worth individuals, and notable personalities became embraced HODLstrategy

Ranking: Emerging Countries

1 India
India Flag
2 Nigeria
Nigeria Flag
3 Indonesia
Indonesia Flag
4 USA
USA Flag
5 Vietnam
Vietnam Flag
6 Ukraine
Ukraine Flag
7 Russia
Russia Flag
8 Philippines
Philippines Flag
9 Pakistan
Pakistan Flag
10 Brazil
Brazil Flag
Country Name;Country Code;2024
India;IND;1  
Nigeria;NGA;0.6925  
Indonesia;IDN;0.6802  
United States;USA;0.5398  
Vietnam;VNM;0.5108  
Ukraine;UKR;0.4068  
Russia;RUS;0.3056  
Philippines;PHL;0.2803  
Pakistan;PAK;0.2799  
Brazil;BRA;0.2649  
Türkiye;TUR;0.2224  
United Kingdom;GBR;0.2145  
Venezuela;VEN;0.1921  
Mexico;MEX;0.1847  
Argentina;ARG;0.1814  
Thailand;THA;0.1638  
Cambodia;KHM;0.1564  
Canada;CAN;0.129  
South Korea;KOR;0.1254  
China;CHN;0.1248 
Egypt;EGY;0.1139  
Germany;DEU;0.1027  
South Africa;ZAF;0.1003  
Iran;IRN;0.0951  
Colombia;COL;0.0873  
Italy;ITA;0.0787  
Poland;POL;0.0711  
Iraq;IRQ;0.0685  
Saudi Arabia;SAU;0.0614  
Bangladesh;BGD;0.0614  
Malaysia;MYS;0.0612  
Kenya;KEN;0.0606  
Algeria;DZA;0.0569  
Morocco;MAR;0.0523  
Peru;PER;0.0502  
Romania;ROU;0.0494  
Chile;CHL;0.0476  
Ukraine;UKR;0.0475  
Japan;JPN;0.0457  
Czech Republic;CZE;0.0412  
Ecuador;ECU;0.0396  
Iraq;IRQ;0.0384  
Spain;ESP;0.0379  
Ghana;GHA;0.0358  
Uzbekistan;UZB;0.0356  
Tanzania;TZA;0.0333  
Sudan;SDN;0.0324  
Syria;SYR;0.0318  
Uzbekistan;UZB;0.0311  
Syria;SYR;0.0294  
Angola;AGO;0.0277  
Honduras;HND;0.0276  
Bosnia and Herzegovina;BIH;0.0265  
Papua New Guinea;PNG;0.0262  
Angola;AGO;0.0258  
Guatemala;GTM;0.0256  
Democratic Republic of the Congo;COD;0.0255  
El Salvador;SLV;0.0255  
Tunisia;TUN;0.0254  
Lithuania;LTU;0.0249  
Sri Lanka;LKA;0.0248  
Croatia;HRV;0.0245  
Estonia;EST;0.0245  
Jordan;JOR;0.0242  
Armenia;ARM;0.0238  
Serbia;SRB;0.0235  
Afghanistan;AFG;0.0233  
Georgia;GEO;0.0228  
Lebanon;LBN;0.0227  
Bulgaria;BGR;0.0226  
Côte d'Ivoire;CIV;0.0222  
Latvia;LVA;0.0219  

Emerging Layer 1 Blockchain Projects of 2024

2024 has witnessed the emergence of several innovative Layer 1 blockchain projects, each addressing unique challenges within the Web3 ecosystem. These projects are poised to shape the future of decentralized applications, scalability, interoperability, and more

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Solana

After years of progress, Solana finally solidified its position as the biggest competitor to Ethereum and other L1 chains.

Major institutional adoption $5.7 Billion TVL Mobile Ecosystem
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Astar

In 2024, Astar made significant ecosystem enhancements and increased its reach.

On-chain governance Chainlink Integration Strategic partnerships
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Cronos

An L1 network that introduced Cronos zkEVM L2 for cross-chain compatibility with Ethereum.

Ethereum Compatibility Google Cloud Partnership AI Ecosystem
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SUI

Expansion in GameFi and DeFi sectors after a successful token launch.

Native gaming device $1 Billion DeFi TVL Developer-friendly chain

Trending Crypto Projects Across Categories

Overview of some trending cryptocurrency projects across various categories in 2024:

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1Bitget

Fastest growing crypto exchange in 2024 with one of the largest pool of coins available.  

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2Binance

The most popular crypto exchange that once again held on to its popularity and market dominance.

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3Bybit

A strong emerger of an alternative to well-established crypto exchanges in various markets.

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1Dogs

Most popular dog-themed meme coin only after the well-established Dogecoin.

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2Pepe

The meme coin that fuelled the whole meme coin mania in 2024.  

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3Wif

One of the largest Solana meme coins with a solid community behind it.  

memecoin
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1Metamask

The most popular Ethereum wallet got even better in 2024 with improvements on security and QoL updates.

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2Trust wallet

Best multi-chain wallet with brilliant support for both desktop and mobile devices. 

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3Best Wallet

Multi-chain non-custodial wallet with a focus on seamless swaps and bridges.  

wallet
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1Rexas Finance

An RWA project unlocking new investment opportunities by tokenizing real estate, precious metals, and other commodities on the blockchain.

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2Aureal One

A purpose-built blockchain network for the future of Metaverse. 

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3ShepskyAI

A crypto-native AI project to help both beginners and seasoned traders with crypto.  

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Must-Watch Crypto Movies Released in 2024

The intersection of cinema and cryptocurrency has captivated audiences in 2024, offering compelling narratives that explore the complexities, innovations, and societal impacts of digital assets and blockchain technology. 

Leading Crypto Influencers in 2024

Influencers play a pivotal role in shaping the perceptions, trends, and developments within the cryptocurrency ecosystem. This section highlights the top 10 crypto influencers who have made significant impacts this year, providing valuable insights and fostering growth in the Web3 space. 

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Davinci Jeremie

736.1k followers

Davinci Jeremie is known for his YouTube channel, sharing expertise in crypto investments and market trends.

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Ran Neuner

426.9k followers

Ran Neuner, also known as Crypto Man Ran, is the founder of the World's No.1 LIVE Crypto Streaming Channel,Crypto Banter.

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Lark Davis

1.3 Million followers

Lark Davis, founder of Wealth Mastery, platform for cutting edge crypto trading insight, and market trends.

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van Liljeqvist

481.5k followers

van Liljeqvist is the founder of Moralis.io, a Web3 development tool helping developers to build blockchain.

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Bitboy Crypto

1 million followers

Ben Armstrong is the founder of BitBoy Crypto, one of the Largest & Greatest Crypto Community in all the inter webs.

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Crypto Rover

988.1k followers

Crypto Rover, known in personal circles as Daan de Rover, is a young but prominent cryptocurrency investor and educator.

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That Martini Guy

626.4k followers

Known for his Bitcoin Trading and Cryptocurrency News Youtube channel, Daily content on the cryptocurrency space.

Trending Crypto Communities of 2024

The intersection of cinema and cryptocurrency has captivated audiences in 2024, offering compelling narratives that explore the complexities, innovations, and societal impacts of digital assets and blockchain technology.  

telegramTelegram
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coinpress News32.5K followers
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Crypto Industry 105K followers
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Crypto Miami 646K followers
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Crypto Hunters106K followers
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Crypto Mountains565K followers
discord Discord
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The AXION 88.2K followers
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Cracking Crypto 12.2K followers
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Wallstreetbets 488K followers
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Cryptohub 51K followers
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coinpress 78.2K Followers
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CryptoKaleo 671.7K Followers
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IvanOnTech 481.8K Followers
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Crypto Banter426.4K Followers
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Metablockchain62.8K Followers
instagram Instagram
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coinpress 58.1K followers
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Sharecrypto456K followers
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Cryptocomofficial 1.1M followers
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Cryptomaniaks 916K followers
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Cryptohumor85K followers

Top Crypto Podcasts of The Year

The intersection of cinema and cryptocurrency has captivated audiences in 2024, offering compelling narratives that explore the complexities, innovations, and societal impacts of digital assets and blockchain technology. 

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Voice of Web3

Welcome to Voice of Web3, a channel bringing expert conversations, from crypto legends' analysis and vision to a daily dose of podcasts on topics like crypto, AI, Web3, and Blockchain. 

Watch Podcast
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Thinking Crypto

Welcome to the Thinking Crypto podcast channel! On this channel, you will find videos on Crypto News, Trends, Sentiment, and Interviews 

Watch Podcast
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Benjamin Cowen

This crypto channel provides high-quality cryptocurrency education to those who want to explore the metrics driving the market. 

Watch Podcast
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Altcoin Daily

A channel brings experts and leaders from the web3 world to discuss updates happening in the crypto world. 

Watch Podcast

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