💥In 2024, Binance’s optimism about the market mainly focuses on the following aspects:

If you want to lead the market, then this report summary is a must-read!

1) Bitcoin: This bull run has been driven largely by speculation about a spot Bitcoin ETF, which has already been approved. This good news is expected to attract more capital injections from traditional finance and attract more attention from mainstream media. At the same time, Bitcoin is experiencing an on-chain renaissance, including Bitcoin’s second-layer solutions, Ordinals, and the BRC-20 ecosystem, which will usher in further development in 2024.

2) Ownership Economy: In the web2 world, big tech companies dominate the monopoly of user data and computing. In contrast, web3 aims to achieve users' ownership of their own data and build a decentralized utopia. Binance research report highlights the importance of decentralized physical network infrastructure (DePIN) and decentralized social media (DeSo).

3) Real World Assets (RWA): Involves mapping traditional assets onto the blockchain. Related infrastructure will be further improved in 2024, including decentralized authentication, oracles, and cross-chain interoperability. Institutions are expected to increasingly adopt cryptoassets to represent real-world assets.

4) On-chain liquidity innovation: The current on-chain transaction landscape mainly includes token swaps, derivatives trading and revenue mining, all of which rely on sufficient liquidity. The Binance research report particularly emphasizes two directions of liquidity innovation: a. Liquidity management: Many decentralized exchanges adopt centralized AMM designs, but require active management of liquidity provider (LP) positions. Multiple protocols are trying to automate the management of LP positions. b. Inquiry system: This allows traders to obtain quotes for a specific transaction from multiple liquidity providers, just like asking for quotes in multiple stores, to ensure that transaction prices are competitive. Similar protocols include CoW Swap, 1inch Fusion, and Uniswap X.

5) Account abstract wallet: Traditional wallets are often technically difficult for ordinary users. Account abstraction aims to make wallet management as easy as managing an email address. This will introduce many new features such as automated transactions and more sophisticated authentication methods.

To sum up, the above five themes deserve close attention in 2024.