The 2024 predictions are purely conjectures and contain many biases. They cannot be used as investment advice. They are only for entertainment and do not need to be taken seriously.

1. L2 will still be one of the most important narratives in 2024. With the arrival of the dencun upgrade, the significant drop in L2 fees will lead to the explosion of the L2 ecosystem. On L2, in addition to games, perp, defi, nft, social, depin, etc. will also usher in an explosive period.

2. L2s such as arb, op, zksync, starknet and blast compete with other public chains in all aspects, and with the implementation of EIP-4844 and the evolution of the DA layer, they are keeping pace with high-performance public chains in terms of cost and speed. The ecological competition between arbitrum and solana will be an important highlight in 2024.

3. zksync will launch an economic mechanism in 2024 and become an important force in promoting the explosion of L2.

4. If Starknet achieves a breakthrough, it will start from the full chain game narrative.

5. There will be an L2 project with a diluted total market value exceeding US$100 billion in 2024; under optimistic circumstances, there will be an L2 project with a diluted total market value exceeding US$300 billion during the peak period of the cycle. The final pattern of the L2 market cannot yet be determined in 2024, but it will be basically a foregone conclusion after this cycle.

6. The btc ecology has opened the magic box after the inscription battle. Many teams are exploring expansion, including decentralization of the index, evolution of the inscription system, decentralized cross-chain, zk proof, L2 and many other explorations. Once progress is made, firstly, its own ecology will develop; secondly, the integration with the Ethereum ecology will also be accelerated. The exploration of Bitcoin ecology is one of the most striking evolutions of this cycle.

7. Ethereum L1 has gradually evolved into a B2B chain. Most of the interactions of ordinary users will occur on L2/L3 and a few high-performance L1s. Ethereum has gradually become the underlying asset in the encryption field. At the same time, with the evolution of modular blockchain, Ethereum will become the most important settlement layer, and most of the execution layer and part of the DA layer will be outsourced. But in the end, due to the lowest level security requirements, ETH will still capture the overall The value of ecological growth.

8. As predicted in 2023, modularization will still be an important narrative in 2024, especially fierce competition at the DA level. The Ethereum re-pledge field will also enter the DA layer for competition. In the field of modularization, there is competition and integration between the Cosmos ecosystem and the Ethereum ecosystem.There will be competition between third-party DA and native DA