Pantera Capital partners release 6 major predictions for the crypto sector in 2024

ChainCatcher news, according to Coindesk, Pantera Capital partner Paul Veradettakit released 6 major predictions for the crypto space in 2024, including:

· The revival of Bitcoin and "DeFi Summer 2.0": In 2024, users will see a surge in Bitcoin L2 and other scalable layers to support smart contracts, and the Bitcoin ecosystem may integrate with some Turing-complete smart contract language. As the Bitcoin DeFi infrastructure matures, users may see the total locked value (TVL) of Bitcoin DeFi rise from the current $300 million (< 0.05% of market cap) to 1-2% of Bitcoin's market cap (currently about $10-15 billion). Bitcoin network NFTs will also become increasingly popular.

· More tokenized social experiences: Tokenization plays a key role in reshaping social experiences. Fungible tokens are more likely to be novel forms of points and loyalty systems, while non-fungible tokens (NFTs) are more likely to serve as profiles and social resources. Both can be traded on-chain and participate in the DeFi ecosystem.

· Increase in TradFi-DeFi "bridges" such as stablecoins and mirrored assets: Institutional adoption is expected to increase significantly, seeking tokenized real-world assets (RWA) and TradFi financial products in addition to ETFs. TradFi assets will be "mirrored" in DeFi, while crypto assets will increase their exposure in the TradFi market, creating TradFi-DeFi "bridges" that connect these two worlds more closely, thereby increasing investor liquidity and diversification.

· Integration of modular narratives and ZK narratives: Zero-knowledge proofs will become the interface between different components of the modular blockchain stack. This provides developers building DApps with greater flexibility and lowers the entry barrier for the blockchain stack.

· More compute-intensive applications on-chain, such as AI and DePIN: Compute-intensive applications will become more economically viable on-chain in the near future.

This includes vertical applications such as on-chain AI systems, decentralized physical infrastructure networks (DePIN), on-chain knowledge graphs, and fully on-chain games and social networks. All of these could fundamentally reshape the on-chain data economy, greatly improving the experience for users and developers as they free themselves from heavy gas fees and strict limitations on computing power.

· Integration of public chains and the "central radiation" model of application chains: The surge of L1 and L2 in recent years has not made much difference to users, and smaller ecosystems must focus their efforts on specific verticals (such as social, gaming, DeFi) to maintain an advantage, effectively becoming "application chains" or "track chains."