The Birth of Numerous New Blockchains Each Year

In recent years, the blockchain ecosystem has seen a strong increase in the number of new blockchain projects. According to data from sources like CoinMarketCap and Messari, hundreds of new blockchains are launched each year:

  • In 2021: Nearly 200 new blockchains were recorded, mostly layer-1 and layer-2 to compete with Ethereum, such as Solana, Avalanche, and Polygon.

  • In 2022: This number increased to about 250-300 blockchains, with the emergence of projects like Aptos, Sui, and chains focused on DeFi or GameFi.

  • In 2023-2024: The trend continues with over 300 new blockchains each year, including specialized chains such as modular blockchains, zk-rollups, or AI-integrated like NEAR and Fetch.AI.

This increase is driven by the demand for higher performance, lower transaction costs, and specialized applications (gaming, DeFi, NFT, etc.). However, this also leads to a serious issue: the blockchain market is becoming saturated.

Consequences of Blockchain Saturation

The emergence of too many new blockchains creates many problems for the market and users:

  • Fragmented Ecosystem: Each blockchain often has its own system, wallet, and community, leading to a lack of compatibility between chains. Users must manage multiple wallets, tokens, and protocols, making usage difficult.

  • Unhealthy Competition: Many projects focus on attracting capital through fundraising campaigns (ICO, IDO) rather than building truly useful products. This leads to 'bubble' projects that lack long-term value.

  • User Risks:

    • "Chicken Racing" (scam): Many new blockchain projects exploit hype to lure inexperienced investors. Rug pulls, scam projects, or tokens with no real value are increasingly common. According to Chainalysis, in 2022, over $3.7 billion was lost due to blockchain-related scams.

    • Difficulty in Selection: Users, especially newcomers, struggle to discern quality projects from less reputable ones. Having to research dozens of blockchains with complex technical features is a significant barrier.

  • Wasted Resources: New blockchain development teams often have to build from scratch, leading to duplicated efforts and wasted resources. This slows down the development progress of the entire industry.

User Challenges in a Saturated Context

Users face many challenges as the blockchain ecosystem becomes increasingly crowded:

  • Complexity in Usage: Each blockchain requires a separate wallet (Metamask, Keplr, etc.), different setups, and fluctuating transaction fees. For example, a user wishing to participate in DeFi on Ethereum, play games on Solana, and store NFTs on Flow must learn to use three different ecosystems.

  • Security Risks: Using multiple wallets and interacting with many blockchains increases the risk of wallet attacks or scams through fake smart contracts.

  • Lack of Interconnectivity: Incompatible blockchains make it complicated to transfer assets or data between chains (cross-chain), often requiring insecure bridges. According to Elliptic, blockchain bridge hacks have caused over $2 billion in losses from 2020 to 2023.

  • FOMO Psychology: Users are easily drawn into the aggressive marketing campaigns of new projects, leading to blind investments in tokens that have no real value.

Altius's Unique Vision

In the context of a saturated blockchain market, Altius chooses a unique direction: not to build a new blockchain to compete directly but to focus on improving the intrinsic performance of existing blockchains. This approach offers many benefits and demonstrates forward-thinking:

  • Optimizing the Execution Layer: Altius enhances the performance of the blockchain execution layer through an innovative approach, significantly minimizing congestion by splitting state data into smaller segments, allowing for efficient parallel processing. At the same time, Altius accelerates smart contract execution by enabling commands to be processed concurrently, minimizing latency and increasing throughput. Furthermore, by encouraging developers to create optimized code, Altius ensures that overall performance is significantly improved, providing a smoother and more efficient experience for blockchain applications.

  • Multi-Chain Compatibility: Altius Stack is VM-agnostic, supporting EVM, MoveVM, CosmWasm, WASM, and future virtual machines like zkVM, BitVM. This allows existing blockchains to upgrade without overhauling their entire architecture.

  • Minimizing Waste: Instead of building a new blockchain, Altius helps existing projects improve throughput, reduce latency, and optimize efficiency, thus saving resources and development time.

  • Decentralization and Sustainability: Unlike traditional scaling solutions that rely on specialized hardware or off-chain rollups, Altius utilizes modularization and standard hardware, ensuring long-term decentralization and scalability.

Altius's Vision

Altius's vision reflects a deep understanding of the core issues facing the blockchain industry today. Instead of contributing to saturation by creating a new blockchain, Altius chooses to enhance the value of the existing ecosystem. This not only helps reduce complexity for users but also:

  • Promoting Interconnectivity: By supporting multiple virtual machines and blockchain environments, Altius contributes to creating a more unified ecosystem where chains can operate efficiently without fierce competition.

  • User Protection: Altius focuses on improving the performance and security of existing blockchains, reducing the risk of users being drawn into opaque or unsustainable projects.

  • Sustainable Future: With a modular approach and multi-chain compatibility, Altius lays the foundation for an efficient, decentralized Web3 ecosystem ready for new virtual machine technologies in the future.

Conclusion

The explosion of new blockchains each year brings many opportunities but also causes saturation, fragmentation, and risks for users. In this context, Altius stands out with its strategic vision: not to race to create new blockchains but to focus on improving the performance and compatibility of existing blockchains.

This approach not only addresses the pressing issues of the industry but also paves the way for a sustainable, efficient, and user-friendly Web3 ecosystem. Altius's vision deserves recognition for its innovation and long-term orientation.