Written by: Distilled Crypto
Compiled by: TechFlow TechFlow
Recently, cryptocurrency research institution Messari released a 2024 research report covering key encryption trends and projects. The report has a total of 194 pages. Twitter user DistilledCrypto read and analyzed the full text of the report in detail, and refined the full text. See below for details.
1.DePIN x AI collaboration
Artificial intelligence will require massive amounts of computing power and data storage.
Computing power: $RNDR, $AKT
Data storage: $FIL
Decentralized storage networks have huge market opportunities.
2.Messari Analysts’ top choice
DePIN + DeAI = Cryptocurrency’s Killer App
On-chain proxy framework
Eigen layer + re-staking
SOL Ecosystem Project
On-chain income from RWA and LST
Taken together, Messari is optimistic about these currencies: $RNDR , $SOL , $TAO , $OLAS
3. Coinbase market penetration
Coinbase has 80% more “TVL” custody than DeFi on all blockchains.
CEX and Base L2 expand Coinbase’s influence
Coinbase blurs the lines between CeFi/DeFi
Coinbase brings traditional financial RWAs onto the chain
4. Modularity and Celestia
TIA provides data availability and consensus for modular blockchains. The modular blockchain narrative will have a huge impact on the market.
Corresponding projects and currencies include: $ATOM, $TIA, EclipseFND and $CHR
Purpose-built networks for Rollup Data Availability (DA) are emerging.
5. Solana + Firedancer
Firedancer, developed by Jump Crypto, aims to improve Solana's scalability.
Very fast, on par with CEXs
Backed by Coinbase
Micropayments, DePIN, Fast DeFi
Has airdrop wealth effect, $JUP, $PYTH, $JITO
6. Bitcoin: The Godzilla of Finance
Bitcoin, known as digital gold, has many positive events:
Spot Bitcoin ETFs and Bitcoin Halving Events
Growing concerns about fiat currency devaluation
The Financial Accounting Standards Board (FABSB) fiscal year 2025 plan is beneficial to cryptocurrencies and may be considered to promote the positive development of cryptocurrencies.
7. Is DeFi back?
DeFi accounts for less than 0.01% of global financial assets (approximately $510 trillion in value).
Is the path toward more regulation inevitable?
UNI still has an advantage in DeFi; other chains are fiercely competitive.
Orca, $JOE, $ASTRO (SOL, AVAX, ATOM) deserves attention
What other cryptocurrency or platform has more daily trading volume than Ethereum?
8.Sports Betting and Information Market
We're in a U.S. presidential election year, which means a lot of predictions and gambling.
Prediction markets could grow rapidly
Sports betting grows by about 15% annually
Protocols worth watching are Azuroprotocol and Polymarket
9. Games + Autonomous World
Autonomous worlds could break the logjam in game development.
$MATIC, $IMX are the core ecology in this field, $SOL follows closely behind
By 2025, 5-7 games will reach 100,000 daily active users
In-game AI character: $PRIME
Autonomous World Tools: Dojo
10. Bullish Ethereum Narrative
Ethereum will underperform in 2023, but is it too bearish now?
ETH has long-established reliability
Liquidity Ecosystem and $300 Billion Market Cap
Ethereum is cleaner and more environmentally friendly than Bitcoin and has an ESG narrative
The ensuing Ethereum ETF hype
Killer applications can only be implemented quickly on SOL
Ethereum will still have a 4-5% return rate in an interest rate cut environment
11.DePIN Ecosystem
DePIN = Decentralized Physical Infrastructure Network, concept created by Messari in 2023. Here are some projects worth keeping an eye on.
Storage ecology: $FIL, $AR, $SIA, $STORJ
Wireless network: $HNT, $HONEY
Decentralized Database: $GRT, Space and Time
Applications in DeSoc, gaming, and ML/AI all rely heavily on decentralized databases.
12.AI x Cryptocurrency
Here are some projects combining AI and cryptocurrency:
GPU shortage: $AKT, io.net
Transparent AI training: gensyn
Incentivizing ML collaboration - $TAO
Infrastructure for AI agents: $OLAS, ChainML
On-chain AI (e.g. DeFi): Upshot
In a crypto-utopian future, DAOs will serve as benevolent, AI-driven protocol stewards.
