HTX Ventures: Crypto Market Review in 2024 and Outlook in 2025

2024 is a milestone year for the การเข้ารหัสลับ industry. From the approval of Bitcoin and Ethereum ETFs at the beginning of the year, to the booming bull market, to the promotion of the US election, cryptocurrencies such as Bitcoin have reached record valuations and are increasingly affecting the social and political landscape.

It has also been a fruitful year for HTX Ventures. Benefiting from the wave of innovation, we have supported 28 leading projects and funds exploring new frontiers in crypto. These projects cover DeFi, BTCFi, ZK-rollups, modular infrastructure, Layer 1 and Layer 2 solutions, artificial intelligence, SocialFi, GameFi and many more.

Looking ahead, HTX Ventures has identified five major tracks that have shown exciting progress in 2024 and we will keep a close eye on them in 2025. These tracks include Bitcoin ecology, infrastructure (Infra), Meme, artificial intelligence (AI), and TON ecology. The report provides an in-depth analysis of the status quo, challenges, and future opportunities of each track, and provides a macroeconomic background and market outlook.

ระบบนิเวศของบิทคอยน์

ตลาด dominance

Over the past year, Bitcoin’s market dominance has increased from 45.27% to 56.81% . This means that most of the liquidity in the current crypto market is mainly concentrated in the Bitcoin ecosystem, and it is still increasing.

Source: CoinStats

The Bitcoin spot ETF has accumulated 5.3% of the total existing Bitcoin, with holdings increasing from 629,900 at the beginning of the year to 1,243,608, an increase of 613,708. Within 12 months, the ETFs holdings increased from 3.15% to 6.25%. (As of December 4, 2024)

A new market with Bitcoin as the core asset, ETFs and US stocks as the channels for capital inflow, and unlimited US dollar liquidity through US listed companies represented by MSTR has officially opened. Therefore, the necessity of further developing the Bitcoin ecosystem and improving the efficiency of capital utilization has become increasingly prominent, which will also be achieved by increasing BTC demand and raising prices.

Layer 2

In the past three years, a total of 77 Bitcoin Layer 2 projects have been launched or completed financing. In the first half of 2024, driven by the Bitcoin ETF concept boom, the trading volume and token prices of Bitcoin Layer 2 projects in previous cycles (such as Lightning Network, Stacks, and Liquid Network) have risen sharply. These old Layer 2 projects have also witnessed further development of the technology. Various Layer 2 solutions have emerged on Bitcoin, including Spiderchain (Botanix), ZKRollup (Nexio and Critea), EVM-compatible chains (BOB and B Squared), side chains (Merlin), etc. As of now, the total locked value (TVL) of Bitcoin Layer 2 has reached US$3 billion, contributed by 19 projects. Assuming that all Bitcoin Layer 2 projects are launched in the next few years, the total TVL is expected to grow at least 2 to 4 times to US$6 billion to US$12 billion.

Layer 1/Execution Layer

BRC-20, Ordinals, and Runes are the main new execution standards that emerged in late 2023. Despite the overall market decline in Q2, BTC Layer 1 activity continued to grow steadily. However, while the Bitcoin market recovered in Q3, this growth momentum failed to continue.

BTC L1s dynamics, Source:   Cryptokoryo_research

Other Bitcoin Infrastructure

As Bitcoin utilization increases, additional infrastructure including interoperability solutions and security layers begins to emerge.

Interoperability

Bridges and WBTC are still the mainstream interoperability solutions on Bitcoin. Since the Bitcoin network does not directly provide composability to build applications, people have to rely on these bridges/WBTC to unlock DeFi returns on other blockchains. We expect more interoperability solutions including Xlink, Atomiq and Auran to be launched in the coming year.

ชั้นความปลอดภัย

However, these interoperability solutions may pose a threat to the security of the underlying assets, as hacking incidents occur from time to time. For this reason, Bitcoin-related security solutions have begun to emerge.

บาบิโลน is a typical example. It developed a set of security sharing protocols for Bitcoin, including:

1. Bitcoin Timestamp: Allows the recording of data timestamps on the Bitcoin network, enhancing the credibility and immutability of the data.

2. Bitcoin staking: Through economic incentives, Bitcoin is allowed to provide security for other networks.

In addition, with the emergence of new technologies, such as the Data Availability Layer (DA layer), the potential use value of Bitcoin is further released. Nubit is a key player in the Bitcoin DA field. It uses Bitcoin to expand data capacity and support the development of applications, Layer 2, and oracles.

Whether the 2025 upgrade passes OP_CAT is the key

The Taproot upgrade enables the Bitcoin mainnet to issue assets. From the rise of the BRC-20 Inscription and Ordinals NFT market in 2023, to the subsequent launch of asset issuance protocols such as ARC-20 and SRC-20, to the emergence of infrastructure such as Bitcoin Layer 2, Bitcoin Restaking and LST, and Bitcoin cross-chain bridges, the entire ecosystem has developed rapidly. Subsequently, after the Bitcoin Conference in July 2024, the market turned its attention to native BTCFi that can achieve a decentralized, non-wrapped model, such as stablecoins.

Currently, through the cryptographic techniques of Discreet Log Contracts (DLC) and Adaptor Signatures, developers can program financial contracts that rely on external events in Bitcoin scripts, ensuring the permissionless nature of stablecoins and lending projects during liquidation, and ensuring the permissionless nature of multi-party transactions through partially signed Bitcoin transactions (PSBT). However, this still involves game theory logic to a certain extent, that is, preventing malicious behavior by the project party by increasing the cost of doing evil, rather than achieving complete decentralization from the smart contract level. Shell Finance, a stablecoin project that is about to launch its mainnet, has adopted this solution.

What can really change the status quo is OP_CAT. As long as OP_CAT can pass, developers can use Bitcoin native high-level programming languages such as sCrypt to achieve fully decentralized and transparent smart contract development on the Bitcoin mainnet. sCrypt is a TypeScript framework for writing smart contracts on Bitcoin, allowing developers to directly use TypeScript, a popular high-level programming language, to write smart contracts. The current Bitcoin Layer 2 can also be converted to ZK Rollup, and the total scale of BTCFi is expected to increase significantly.

With the dual support of the macro market and infrastructure, we believe that Bitcoin will usher in a further surge in market demand in the next two years.

Infrastructure

In 2024, infrastructure remains one of the most attractive tracks in the crypto industry. The combination of capital and technology has driven the rapid development of projects such as Layer 1, Layer 2, and middleware. The continuous upgrading and construction of the Ethereum ecosystem, as well as the improvement of Layer 2 fees and performance; the rapid development of other high-performance Layer 1s led by Solana; the continuous deepening of the multi-chain structure; projects represented by EigenLayer improve network security and capital efficiency through the Restaking mechanism; and multiple Bitcoin Layer 2 projects try to combine Bitcoins security with high-performance expansion solutions. These have all promoted the vigorous development of the infrastructure field.

Layer 1

Layer 1 projects continue to optimize their consensus mechanisms and performance to provide a solid foundation for on-chain applications.

● Ethereum: Launched EIP-4844, reducing fees on the Layer 2 network.

● Solana and TRON: Thanks to the development of เหรียญมีม and infrastructure projects such as Pump.fun and SunPump , on-chain transactions are very active.

● Aptos and Sui: Applications in GameFi and DeFi drive active user growth.

Layer 2

Layer 2 continues to be the key path for scalability, with ZK Rollup and Optimistic Rollup each developing separately.

● zkSync and StarkNet: Continuous iteration and upgrades have greatly improved the user experience of ZK Rollup.

● Base and Arbitrum: DeFi and NFT projects are thriving on these platforms, with TVL growing significantly.

Layer 0 and cross-chain middleware

Layer 0 and cross-chain middleware have made new breakthroughs in interoperability.

● LayerZero: Connects more than 40 chains, and cross-chain transaction volume has increased significantly.

● Cosmos: IBC upgrade, cross-chain performance improved by 50%.

Modular public chain

Modular public chains provide high performance and flexibility, attracting diverse applications.

● Celestia: Supports multiple modular execution layers and becomes a benchmark project for modular public chains.

● Monad: Attracts a large number of developers and DApp deployments with its ultra-high TPS performance.

Bitcoin Layer 2

Bitcoin Layer 2 has become an emerging hot spot in the primary market this year. Many related projects such as Babylon, Taro, BounceBit, Corn, etc. have completed financing this year, mainly bringing smart contracts and extended functions to the Bitcoin network.

● Taro: Expanding Bitcoin’s payment and contract capabilities through the Lightning Network.

● Stacks and RSK: Driving the growth of Bitcoin smart contract applications.

การพักฟื้น

Restaking has improved the efficiency of capital utilization and has achieved good development and market attention this year. Projects including EigenLayer and Satori have received tens of millions of dollars in investment from top capital this year.

Investment and Financing Events

Infrastructure still occupies an important position in this years investment and financing. Layer 1, modular public chains, and infrastructure related to the Bitcoin ecosystem have all been favored by capital. Layer 1 currently represents the most concentrated technology development and exploration in the encryption field, and this track will continue to be an area where development resources and capital are concentrated in the future.

มีม

Important retail capital entry point after the implementation of crypto easing policy

In 2024, the Meme track has once again become a hot spot in the crypto market. As an ecological bridgehead , it not only promotes community consensus, but also combines with DeFi, GameFi and other fields to create new usage scenarios. For example, Solana has successfully stimulated the activity and vitality of the ecosystem by vigorously promoting the innovation and development of Meme projects. From Bome and Slerf at the beginning of the year to Pump.fun in the middle of the year, these projects have shown strong lottery attributes with the Bonding Curve price curve and low market value opening mode, attracting widespread attention. In addition, the decentralized feature of Pump.funs everyone can deploy Meme has promoted greater ecological prosperity. Currently, more than half of Solana Meme projects originate from Pump.fun, and dozens of projects have a market value of more than 1 billion US dollars. Public chains such as SUI and TRON have also quickly followed up on the Meme strategy, further activating their respective ecosystems.

Pump.fun

Meme projects have become an important tool for attracting new crypto users because of their ease of understanding and low barriers to entry. The launch of Moonshot allows users to purchase Meme assets with fiat currency, and the politically related Meme craze after the election provides new players with a strong sense of participation. Looking ahead, the Trump administrations crypto policies and related governing trends will bring potential news impacts to the market or give rise to new Meme hotspots. For example, if the Department of Government Efficiency (DOGE) led by Elon Musk gains attention, it may trigger another surge in Dogecoin.

As the crypto market environment becomes more relaxed, more retail investors are expected to enter the market, and the Meme project will become an important channel for capital inflow. The huge increase in the Robinhood exchange after each listing of Meme coins fully illustrates this trend, and it may continue to promote the development of this track in the future.

Meme Infrastructure

As market users demand for fair issuance further increases, the Meme fair launch track has achieved extremely high market attention and participation this year. Infrastructure projects such as Pump.fun and SunPump have become the top cash flow projects this year, injecting new impetus into the development of Meme.

Pump.fun

Pump.fun is a Meme project issuance platform built on Solana. By providing simple and intuitive creation tools and strong community support, adopting a fair issuance distribution model, and designing a mechanism for automatically adding liquidity to DEX, coupled with Solanas own successful market operations, community operations and low transaction costs, Pump.fun has been recognized by the market as soon as it came out, and has successfully incubated many well-known Meme projects. As of November 2024, more than 40,000 projects have been successfully issued to Raydium, with cumulative project revenue exceeding 1.17 million SOL, equivalent to approximately US$200 million.

At the same time, the success of Pump.fun has attracted many other projects to imitate it, and Pump imitations have appeared on multiple chains, among which SunPump has attracted the most attention. Overall, this round of market-driven Meme craze is inseparable from the innovation and development of infrastructure tools. เครื่องมือs such as Pump are the first to introduce automatic liquidity addition to the issuance platform, while pursuing fairness, low cost, and high efficiency in issuance costs and methods, effectively reducing issuance costs and thresholds, enhancing the confidence and participation of the market and community, and making Meme projects continue to be popular this year.

The success of Pump.fun has not been perfectly replicated on other chains for the following reasons:

● Solana has become one of the ideal launch platforms for the Meme project due to its low transaction costs and high throughput.

● The Solana community has shown great enthusiasm for new projects, driving the rapid growth of startup meme projects.

● Other ecosystems such as Ethereum face the problem of high gas fees, and the performance of Meme projects on other high-performance chains such as BSC and Avalanche is also relatively lackluster, mainly due to their low community size and user stickiness.

Distribution platforms like Pump.fun and SunPump have become important infrastructure for the development of the Meme project. In the future, the Meme project may show a more diversified and practical trend, and the infrastructure may add product functions that combine with other application scenarios such as games, NFTs, and social networking. With the gradual improvement of the multi-chain ecosystem and the enrichment of actual usage scenarios, the Meme infrastructure will continue to inject more vitality into the entire track.

Artificial Intelligence (AI)

In 2024, the Crypto+AI track has been exploring feasible directions, and dozens of AI sub-tracks have emerged, including ZK/OPML to help AI go online, AI data crowdsourcing, decentralized computing power leasing, AI data trading, AI games, and AI agents.

Crypto projects expand focus to capture AI narratives

This year, a large number of blockchain infrastructure and applications have expanded their focus on AI. The centralization of resources and ownership is one of the key challenges to long-term expansion of AI infrastructure, and the decentralized nature of blockchain networks provides a viable solution to the centralization problem of AI. One of the main examples of traditional crypto projects turning to AI is Near. Since this year, it has encouraged AI to run on an open source protocol on the chain.

Data annotation/management

Currently, data resource limitations are one of the main challenges in scaling AI development. Most of the useful data for AI models is monopolized by large technology companies. The limited jurisdiction of these companies leads to inefficient language and cultural coverage. Existing centralized AI data annotation companies are unable to fully scale datasets due to insufficient financial incentives and operational jurisdictional limitations.

Blockchain technology can solve these problems well. Multiple projects are being launched, such as Kiva, Sapien, Bagel, etc., aiming to improve data sources and incentivize more efficient data labeling tasks across jurisdictions.

Decentralized Inference and Machine Learning

Currently, people mainly use centralized service providers like Hugging Face to run inference on open source models, which may raise privacy or censorship issues. Decentralized inference allows users to run machine learning models without relying on centralized services while ensuring the trustworthiness of model outputs. Three major areas of verifiable inference have emerged, each with different cost and security trade-offs.

ZKML

Use zk-SNARKs technology to provide privacy reasoning for AI models. Giza, Modulus Labs, and EZKL are major players in this field. These technologies enhance the security and accuracy of the open source model reasoning process. However, due to the high cost of generating zk proofs, the reasoning cost will increase significantly, resulting in at least a 100-fold increase in time cost and latency compared to centralized reasoning. Therefore, current products still need to further improve zk technology before they can be widely used in the future.

OPML

The inference result is assumed to be accurate unless it is proven wrong by a challenger in the network. The network challenger acts as an observer of the on-chain inference and runs his own model to ensure the accuracy of the output. The main example of OPML is ORA. Although the cost performance is better than ZKML, it is still much more expensive than centralized inference due to the cost that needs to be paid to observers.

On-chain decentralized reasoning network

With a decentralized inference network, queries are run by a small number of nodes on the chain. If a discrepancy occurs, the abnormal node will be punished. This is the cheapest and fastest of all solutions, but security cannot be guaranteed because there is a possibility of cheating by the nodes. To ensure higher security, more nodes may need to be deployed, but this will increase costs. Ritual is an example of running a decentralized inference network.

Due to its low cost efficiency compared to local inference, decentralized AI inference is not currently the first choice for users. Under the current state of AI development, output verification is not a major concern for AI developers and users. In addition, edge computing can also be used as another privacy and security solution for running AI models. Therefore, decentralized inference may face growth bottlenecks in the long run.

Decentralized GPU

GPUs are in high demand in AI development, and the current GPU providers are mainly monopolized by a few large companies in the market, which may bring price risks in extreme market conditions. The price of Render, a long-established decentralized GPU protocol, has increased 10 times since 2023. This year, a large number of decentralized GPU networks have been launched on the market, such as IO.net, Grass, Akash, etc. These networks incentivize GPU contributions through tokens, and the target audience includes consumers and smaller GPU companies.

However, due to the lack of uniformity of GPU resources on these networks and the fact that most high-performance GPUs are not owned by individual consumers, centralized GPU providers are expected to remain the main choice for AI developers.

On-chain AI Agent

AI agents are deployed on the blockchain, using token mechanisms to incentivize and แนะนำ specific behaviors of agents, including interacting, trading, and querying smart contracts on behalf of users. Myshell is an example. In the future, AI agents will gradually become stewards and assistants of users, providing users with more comprehensive service execution capabilities – such as autonomous asset issuance, viral communication, the formation of decentralized autonomous organizations (DAOs), and even responsible for fund operations and investment decisions, forming their own unique culture and beliefs. This deep integration of AI and encryption technology is something that Web2 cannot achieve, and it is also a new form that Web3 cannot accomplish independently with encryption technology alone.

At present, all of this has not yet been productized. Recently, in order to solve the problem that AI agents need independent financial identities and can freely control their wallets, Coinbase launched an AI wallet based on the Coinbase MPC wallet, allowing AI agents to easily use the wallet to handle various transactions. In order to make the AI wallet easier to understand, Coinbase also provides a Based Agent template for direct zero-code deployment. It is expected that in 2025, there will be more productized applications.

Based Agent analysis, Source: https://x.com/starzqeth/status/1853597036421259728

In addition, AI agent networks are beginning to emerge. Theoriq is a key example. It enables efficient multi-agent operations on the blockchain through a community-governed AI agent ตลาด, provides an efficient distribution channel for AI agent creators, and simplifies the process for AI agent users to perform multiple tasks.

TON Ecosystem

Relying on Telegrams hundreds of millions of users and strong technical support, the TON (The Open Network) ecosystem has gradually established a multi-level blockchain ecosystem, achieving a comprehensive explosion of the ecosystem and market in 2024. From DeFi to Meme, to NFT and games, TON has made remarkable achievements in multiple fields by leveraging its broad user base, and has pioneered the use of encryption to monetize traffic in Web2 social applications.

Ton data overview, Source: https://เด็ดขาดllama.com/chain/TON

Since the traditional business model is unlikely to bring significant profits to Telegram, TON began to explore click-based mini-games with zero threshold or light payment, and combined with the expectation of token airdrops, it successfully attracted a large number of Web2 users to participate.

Notcoin’s success

In May 2024, the first project, Notcoin, was launched. Notcoin is a social clicker game accessible via Telegram. Players interact with the Notcoin bot and invite friends to start the game. The game mechanics are simple: a coin appears on the screen, and each click earns Notcoin, the games virtual currency. The players clickability is limited by an energy bar, which is depleted with clicks but gradually replenished over time.

After Notcoin was launched, it was widely welcomed by the market. Relying on simple game mechanisms and Telegrams huge user base, it achieved millions of monthly active users in a short period of time and was listed on major exchanges. The success of Notcoin marks the successful implementation of the TON ecological game model and also marks the entry of the game track into a new level of user drainage.

Catizen Optimization

After Notcoin, Catizen encouraged users to start the experience with small payments such as $0.99 and $4.99 by optimizing the gaming experience, such as acceleration. Users can deposit funds through OTC fiat currencies and directly use credit cards to purchase crypto assets, which greatly reduces the threshold for participation. This zero-threshold or light-payment model further expands the user base.

Other business models

In the TON ecosystem, Dogs is one of the most popular meme projects. Through unique community governance and ecosystem construction, Dogs has quickly gained a foothold in the market. The project implements simple mining operations by verifying Telegram accounts and invitation mechanisms. After its launch, Dogs attracted a large number of communities and traffic, and was also listed on multiple exchanges in a short period of time.

In addition to games and social projects, DeFi is also booming in the TON ecosystem. Projects such as TonStaker and Ston.fi have made good progress. Through popular projects such as Notcoin, Dogs, and Catizen, TON has not only consolidated its position in the social payment field, but also made breakthroughs in multiple tracks such as DeFi.

However, click-based mini-games are essentially still a model that imports Web2 users with the expectation of token airdrops and then sells them to exchanges. After the initial heat passed, there was a serious decline in traffic. At present, the TON ecosystem urgently needs to find a new business model that can improve user retention in 2025 and find the next growth curve. It may be DeFi or Meme, but it must not be a model that has been implemented on Ethereum or Solana. The success of TON has also inspired other Web2 social applications. For example, Line, which focuses on the Japanese, Korean and Southeast Asian markets, launched the Kaia chain and began to try the Mini DApp model to monetize existing Web2 traffic. This shows that TONs model is having a profound impact on the entire industry.

Line Web3 Platform Breakdown,

Source: https://govforum.kaia.io/t/gp-4-budget-request-for-kaia-wave/963

Capital market attention

In the capital market, TON ecosystem has attracted more capital attention than other high-performance public chains. Many projects have received investment support from the primary market this year. TON ecosystem will continue to make efforts in user experience, ecological diversity and technological innovation, injecting new impetus into the sustainable development of the crypto market.

2024 is the year when the TON ecosystem will take off, but facing the future, TON needs to innovate its business model, improve user retention, and find a new growth curve. Only in this way can it stay ahead in the fierce blockchain competition and bring continuous value to users and investors.

Macro direction

The main theme of the crypto market in 2024 kicked off with the approval of the Bitcoin ETF in January, and will be further clarified after Trumps victory in November. From a macro perspective, the crypto market is currently in a transition phase from quantitative tightening (QT) to quantitative easing (QE), and QE is expected to start in the second quarter of next year. Historical experience shows that the peak of the crypto bull market usually does not appear in the interest rate cut cycle, but is more likely to occur at the end of the interest rate cut cycle or at the end of the interest rate hike cycle, or even at the beginning. For example, the extremely loose policy caused by the epidemic in 2020 kicked off the crypto bull market. As the Federal Reserve gradually released signals of tightening policies, the market peaked at the end of 2021, and then the interest rate hike officially began in 2022.

Therefore, the current market is still far from the peak of the bull market. Overall, this round of bull market may have multiple development paths, especially under the background of Trumps implementation of fiscal expansion policy and the release of unprecedented crypto-friendly signals, it is expected to usher in a strong bull market. In addition, with the relaxation of regulations and the entry of traditional financial institutions, Bitcoin will gain more stable support and gradually become a core dollar asset in addition to the dollar industry cycle (such as AI). The decoupling trend of Bitcoin and the traditional digital currency market (Altcoins) is expected to further strengthen.

On the other hand, the benchmark interest rate is expected to fall to a neutral level by mid-2025. Whether there will be further rate cuts or tightening signals will depend on the inflation level at that time and whether Trump can successfully influence the Fed. If the Fed releases tightening signals to deal with inflation, the market may enter a period of adjustment until May 2026, when Trump has the opportunity to control Fed policy.

In 2025, the influx of traditional financial giants and crypto retail investors will give birth to new tracks

Repealing SAB 121 will clear the way for traditional financial institutions to enter the market

Trump is expected to repeal SAB 121 after taking office on January 20 next year. This move will allow traditional financial institutions to hold cryptocurrencies on their balance sheets, further promoting the institutionalization of crypto assets. This not only provides more financing options for crypto assets, but also makes spot cryptocurrencies more accessible through existing institutional trading platforms and partnerships, and overall improves the maturity of the institutional crypto market.

SAB 121 (Staff Accounting Bulletin 121) is a guideline issued by the U.S. Securities and แลกเปลี่ยน Commission (SEC) in 2022. Under the regulation, banks, exchanges, or other financial institutions that hold or custody crypto assets must treat these crypto assets as liabilities and disclose them on their balance sheets. Even if these institutions only hold crypto assets on behalf of their clients, they must bear potential liability.

This regulation requires financial institutions to make adjustments in two aspects:

1. Detailed disclosure of risks: They must disclose in detail the potential risks associated with crypto assets, including market volatility, hacker attacks, technical failures, etc.

2. Accounting adjustments: Crypto assets need to be treated as liabilities rather than simply as customer assets in custody. This may increase the total liabilities of banks and financial institutions and affect their capital adequacy ratios.

Due to these restrictions, SAB 121 directly hinders traditional U.S. financial institutions, especially national banks such as Citibank and JPMorgan Chase, from providing cryptocurrency custody services, and also limits crypto companies access to banking services.

However, as regulators’ attitudes become clearer and policies are relaxed, traditional financial services companies and investors will be able to operate on the blockchain for the first time, bringing new revenue and strategy opportunities.

คอยน์เก็กโก , dated Dec 4th

PayFi: Direct linking of fiat currency to crypto activities will create unlimited possibilities

As traditional financial institutions are allowed to legally invest, hold and custody crypto assets, PayFi, compliant stablecoins, compliant fiat currency deposits and withdrawals are expected to rise rapidly. Recently, Tether announced the launch of a new physical asset (RWA, Real World Assets) platform, focusing on tokenizing real-world financial assets (such as government bonds, real estate and other fixed-income assets) to provide a digital form of investment.

Moonshot has created a new usage scenario by connecting fiat currency deposits and withdrawals with Meme transactions. In the future, more projects may emerge by connecting fiat currency channels, linking real assets and high-frequency crypto gameplay (such as GameFi, DeFi).

สรุป

The crypto industry is entering a new era as the regulatory environment becomes more open and transparent in 2024. As a long-term investor since 2018, HTX Ventures is committed to using our expertise and insights to expand the industry’s usability and customer base by identifying and supporting the best and most cutting-edge technological innovation projects.

We are excited for 2025 and look forward to continuing this journey with our partners, investors, and the crypto community at large. Let’s build a more innovative and accessible crypto ecosystem together.

อ้างอิง

https://mp.weixin.qq.com/s/6Cnm4r3mrZL8ycjSz0dFlQ

https://mp.weixin.qq.com/s/ XxiIUVGRo 5 O 1 THOiQQ 58 tg

https://www.techflowpost.com/article/detail_21532.html

https://mp.weixin.qq.com/s?__biz=MzkxMjI5ODA0OQ==mid=2247485833idx=1sn= b 36291 a 6 e 5 e 1861885 c 88 eb 4836 dda 5 a chksm= c 10 e 50 a 7 f 679 d 9 b 147 c 2 a 8 e 421 e 5 c 71752 ab 67892 e 1 e 6 3dee2481500038680b308c218a20c9escene=21#wechat_redirect

https://www.techflowpost.com/article/detail_21506.html

https://www.panewslab.com/zh/articledetails/hdiqbvdc.html

https://www.panewslab.com/zh/articledetails/bc 2 sa 518.html

https://www.panewslab.com/zh/articledetails/s 9 fv 06 s 7081 u.html

https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/

เกี่ยวกับ เอชทีเอ็กซ์ เวนเจอร์ส

HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation and research to identify the best and brightest teams in the world. As an industry pioneer, HTX Ventures has more than a decade of history and excels at identifying cutting-edge technologies and emerging business models in the field. In order to drive growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources and strategic advice.

HTX Ventures currently supports more than 300 projects covering multiple blockchain fields, and some high-quality projects have been traded on Huobi HTX Exchange. In addition, as one of the most active FOF funds, HTX Ventures has invested in 30 top funds in the world and cooperated with top global blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca and Hack VC to jointly build a blockchain ecosystem.

Website: https://www.htx.com/ventures

Twitter: https://x.com/Ventures_HTX

Medium: https://htxventures.medium.com/

This article is sourced from the internet: HTX Ventures: Crypto Market Review in 2024 and Outlook in 2025

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