Bing Ventures: New Cycle, New Issues, New Concepts in 2024

Author: Bing Ventures
In the blockchain technology and market outlook for 2024, we stand at a crossroads of diverse innovations and complex challenges. With the innovation of Rollup technology, breakthroughs in ZK-EVM, the rise of decentralized sequencers, and the deep maturity of the DeFi ecosystem, the entire industry seems to be entering a new stage of development. The game between security and decentralization, the subtle balance between user experience and cost-effectiveness, and the infinite possibilities brought by technological integration are all key themes we need to explore in depth in the coming years.
In 2024, we will witness the arrival of a "super cycle" in cryptocurrency, not only due to the cyclical effects of economic factors but also because the integration of the traditional financial world with decentralized finance will drive the crypto market into an unprecedented growth phase, where the "Value Network Effect" (VNE) will become a new standard for measuring the influence of crypto assets.

Innovations in Rollup Technology, Breakthroughs in ZK-EVM, and the Rise of Decentralized Sequencers

Source: https://foresightnews.pro/article/detail/44487?

The Integration of Rollup Technology Innovations

• Balancing Security and Decentralization: Between optimistic Rollups and zero-knowledge Rollups, we witness a core contradiction—how to maintain the decentralized nature of the network while ensuring data integrity and security. This is not only a technical challenge but also a philosophical consideration, leading to an in-depth discussion on the "Security-Decentralization Equilibrium Theorem."
• Optimizing User Experience and Cost-Effectiveness: Optimistic Rollups sacrifice transaction speed for cost-effectiveness, while zero-knowledge Rollups struggle to address high-cost issues. This prompts us to consider how to balance both through "Dynamic Optimization Algorithms" to achieve an optimal state of user experience and cost-effectiveness.
• Exploring Hybrid Rollups: Hybrid Rollups, which combine the advantages of optimistic Rollups and zero-knowledge Rollups, signify the relentless pursuit of a perfectly decentralized network architecture. This attempt not only opens new paths for achieving higher security and user experience but also promotes the practical development of a "Hybrid Decentralization Framework."

The Double-Edged Sword Effect of MEV

• The Expansion of the MEV Ecosystem and Network Censorship: With the rapid development of the MEV ecosystem, network censorship issues have become increasingly prominent, especially between large staking service providers and MEV participants. This phenomenon has sparked explorations into "MEV Governance Mechanisms," aiming to find strategies that balance ecological health and economic incentives.
• The Contest Between Decentralization and MEV: The rise of MEV poses challenges to the principles of decentralization, prompting us to rethink the concept of "Decentralization Value Maximization" (DVM) and how to effectively utilize MEV while maintaining network decentralization.

Breakthroughs and Integration of Cutting-Edge Technologies

• Advanced Implementation of ZK-EVM: ZK-EVM opens new horizons for "Zero-Knowledge Computation Optimization" by achieving compatibility with Ethereum's EVM while enhancing verification efficiency, indicating the potential to improve network efficiency while ensuring privacy.
• Innovation of the ePBS Protocol: As an extension of PBS, ePBS introduces a more flexible market structure, providing a new path for the decentralization of the Ethereum network. This innovation is not only a technical breakthrough but also a practical validation of the "Protocol-Level Decentralization Strategy."

The Deep Maturity of the DeFi Ecosystem: Capital Efficiency and Innovation Dance Together

Source: https://defillama.com/lsd

The Cosmic Expansion and Intelligent Evolution of the LSDFi Market

As 2024 approaches, the LSDFi market stands at a crossroads of growth and innovation, preparing for a cosmic expansion driven by technological advancements and capital influx. In this expansion process, staking assets like Lido's stETH will not only be market favorites but also become key factors defining a new era, indicating the continuous evolution of the LSDFi ecosystem. Meanwhile, the involvement of centralized exchanges has stirred a storm of redefining rules in the arena.
The LSDFi market in 2024 is expected to become a crucible of competition and innovation, where participants vie for user attention and capital favor by offering unconventional yield mechanisms, thereby giving rise to a vibrant and fiercely competitive ecosystem. Giants like Lido, Coinbase, and Rocket Pool will leverage their market advantages to build walls for themselves, while emerging forces like Puffer Finance seek innovative breakthroughs to ignite market diversity.
In terms of technological innovation, the LSDFi market in 2024 will witness the widespread application of cutting-edge technologies like AVS, bringing unprecedented leaps in security and efficiency to the entire ecosystem. Notably, the launch of the EigenLayer protocol, through its innovative re-staking mechanism, not only enhances market capital efficiency but also injects new vitality into the entire LSDFi ecosystem.

Source: https://zhuanlan.zhihu.com/p/152197695

Competitive Alchemy: From Collision of Interests to Symbiotic Integration

In 2024, the evolution of the DeFi ecosystem is revealing its depth and maturity, signaling a synchronous dance of capital efficiency revolution and innovation, which not only shapes new ways of wealth growth but also reshapes our fundamental interaction with wealth. In this evolution, the emergence and development of the DeSyn Protocol serves as a leading innovative demonstration, combining the core values of DeFi—openness, transparency, and decentralization—with efficient capital utilization, injecting new vitality into the DeFi ecosystem.
First, the "Staking Derivatives Innovation Model" (SDIM) marks the beginning of the maturity of the DeFi ecosystem. Through SDIM, capital efficiency is significantly enhanced, promoting the development of emerging DeFi applications and providing users with unprecedented financial freedom and flexibility. This is not only an art of balancing liquidity and yield but also a new paradigm that comprehensively enhances the experience of DeFi participants. Under this model, through protocols like DeSyn, users can enjoy high yields, capital safety, and investment convenience, while also benefiting from unique yield boosts from multiple project parties.
Furthermore, "Cross-Chain Liquidity Solutions" and the "Physical-Digital Asset Fusion Model" (PDAFM) will redefine the future direction of the DeFi market. This integration not only increases market liquidity but also provides a solid foundation for market stability. Within this framework, protocols like DeSyn Protocol become "Pioneers of DeFi Super-Applications" (PDFSA), driving the DeFi market to expand into broader financial service areas through technological innovation and user experience optimization.
As the Ethereum ecosystem continues to mature, "Liquidity Weaving" and "DeFi Lattice" are expected to become new hot concepts. Liquidity Weaving achieves seamless connectivity of liquidity across different assets and platforms through smart contracts and Layer 2 technology, building a robust liquidity network. The DeFi Lattice is a more macro concept, symbolizing that in a decentralized world, various financial services and products can freely combine and reorganize like atoms in a lattice through various on-chain protocols, forming a diverse and highly customizable financial service ecosystem.
As a foundational project in DeFi, DeSyn not only provides a platform and framework but also showcases how to organically organize various parts of the DeFi ecosystem to achieve common goals through its "team battle" concept, thereby obtaining corresponding benefits. This model not only promotes the healthy development of the DeFi ecosystem but also provides a win-win ecosystem for participants such as investors, fund managers, project parties, and security agencies. In such an ecosystem, every participant can enjoy substantial returns from efficient capital utilization while ensuring capital safety.

The Double-Edged Sword of Bitcoin Technology Innovation: The Choice Between Innovation and Adaptability

Source: https://www.techflowpost.com/article/detail_15939.html
In exploring the future trajectory of the Bitcoin ecosystem, we face a dual challenge: on one hand, the driving force of technological innovation, and on the other, the balancing force of the adaptability of existing systems. In 2024, this challenge will be significantly reflected in the technological evolution of the Bitcoin network, with the introduction of emerging protocols such as Ordinals, BRC-20, Atomicals, and Runes, indicating that Bitcoin is no longer merely a store of value but is expanding into a multidimensional space in the NFT and DeFi realms.

The Synergistic Evolution of Technological Innovation and Ecological Adaptation

As Bitcoin deeply integrates into the global financial system, its value representation is no longer limited to traditional economic indicators but is increasingly influenced by macroeconomic variables, leading to heightened market volatility. This change is not merely a reconsideration of Bitcoin's positioning as "digital gold" but a deepening confirmation of its status as an independent asset class.

The Global Regulatory Environment: Navigating Bitcoin's Future Direction

The dual impact of the global regulatory environment on Bitcoin is evident; on one hand, it sets boundaries for Bitcoin's innovation and application, while on the other, it provides a framework for Bitcoin's legalization and widespread acceptance. In this context, the "Adaptive Regulatory Framework" (ARF) becomes key to understanding how Bitcoin finds its position within global regulatory policies, indicating a future path that balances regulation and innovation.

The Unique Positioning of Cosmos: The Future of Decentralized Networks

Image Source: https://www.gemini.com/cryptopedia/cosmos-crypto-network-internet-of-blockchains
Cosmos, in the blockchain field, reshapes the future of decentralized networks with its innovative architecture and unique perspective. Through its distinctive Hub-and-Zone model, Cosmos not only achieves a technological breakthrough in cross-chain interoperability but also empowers developers with unprecedented freedom through modular design, allowing them to create and deploy highly customized blockchain applications based on specific needs. This design philosophy not only injects vitality into the innovation of the DeFi ecosystem but also outlines a clear development blueprint for Cosmos.
In the ongoing evolution of the DeFi market, Cosmos demonstrates its multifaceted potential, especially through the liquidity staking of ATOM assets, attracting the attention of users and capital. We look forward to Cosmos further enhancing its DeFi ecosystem in the lending and DEX fields, increasing the utilization of cross-chain assets and broadening the access to external assets.
Looking ahead, the diversification of applications (dApps) and ecosystems within the Cosmos ecosystem will be key to attracting developers and users, enhancing network activity. Despite facing challenges from competitors like Solana and Aptos, Cosmos's leading advantage in the IBC system has added bricks to its network usability. Looking to 2024, Cosmos will continue to maintain its ecological diversity and activity, especially in the fields of DeFi, Web3, NFTs, and gaming, with the in-depth development of cross-chain technology expected to open new growth spaces for Cosmos. Meanwhile, with the increase in IBC network transaction volume and the steady rise in ATOM prices, Cosmos's market valuation is expected to significantly improve.

The Landscape of Crypto Wallets: Cross-Border Revolution and New Chapters in Security

Image Source: https://btc-alpha.com/zh/stories/zh-what-are-the-cryptocurrency-wallets

Image Source: https://learnblockchain.cn/article/5575
In exploring the evolution trajectory of crypto wallets in 2024, we are witnessing a revolution driven by both security and user experience, revealing the prologue of a new chapter in cross-border innovation and security mechanisms. With the deep expansion of the blockchain ecosystem and the heightened awareness of privacy and asset protection, the innovation direction of crypto wallets is evolving towards "Smart Contract-Driven Security Architecture" (SCDSA) and "Intuitive Interactive User Interface" (IIUI). In this process, multi-signature, biometric verification, and hardware wallet technologies are developing in parallel, aiming to enhance security protection while optimizing user operation experience, achieving a high degree of unity between security and convenience.
In response to the demand for attracting and retaining emerging users, the design philosophy of crypto wallets is gradually shifting towards a "Decentralized Finance Integrated Experience" (DeFi-UX), incorporating core DeFi functions such as staking, lending, and liquidity mining, as well as deep integration with the expanding NFT market. This integrated experience not only promotes the widespread adoption of Web3 applications but also indicates that the traditional positioning of crypto wallets as asset management tools is transitioning towards the role of "Decentralized Identity and Social Interaction Platform" (DIASP).
In this context, the rise of "Account Abstraction" (AA) technology is particularly important. AA technology brings functional leaps to smart contract wallets, including but not limited to batch transaction processing, Gas fee payment, and private key recovery, showcasing the results of the fusion of technological innovation and market demand. Furthermore, as the multi-chain ecosystem continues to grow, cross-chain operations and multi-chain compatibility have become key challenges and turning points in the development of crypto wallets. The crypto wallets of 2024 will not only need to break through this challenge on a technical level but also achieve revolutionary progress in user experience, ensuring transaction convenience and efficiency.
In summary, the future development of crypto wallets in 2024 will be a multidimensional evolutionary story centered around smart contract security architecture and intuitive interactive interfaces, with DeFi-UX and DIASP becoming new development directions, while breakthroughs in account abstraction technology and cross-chain compatibility mark significant innovations in wallet functionality and experience. In this process, the in-depth application of decentralized technology and detailed insights into user needs jointly propel crypto wallets into a new stage of higher security and better experience.
From the innovations in Rollup technology to the complex dynamics of the LSDFi market, and the technological evolution of major crypto assets like Bitcoin and Cosmos, each step is an exploration of the future and a challenge to the limitations of reality. We remain optimistic about these directions in a short bull and long bear cycle. Although the future is full of uncertainties, by understanding current technological trends, we can better prepare for the upcoming changes. After all, in the rapidly evolving blockchain industry, today's frontier may become tomorrow's norm.