2024 Industry Review and Outlook: The Rise of Stablecoin Payments and the Untapped Potential of BTC Layer 2
Author | Cobo We’ve bid farewell to 2024, and the crypto industry stands at a pivotal moment. Groundbreaking advancements in blockchain security, stablecoin payments, AI-driven applications, exchanges, and BTCFi have shaped the landscape — and represent the future we’re committed to building. We’ve compiled key trends that defined 2024 and offer insights into what’s ahead for 2025. Key Takeaways · CEX Market Evolution : Binance’s market share has declined from 50.9% to 42.5%, while mid-sized exchanges and DEXs are gaining ground. Traditional scale advantages are giving way to efficiency-driven competition, pointing to a three-way market battle in 2025 between major CEXs, innovative mid-sized exchanges, and DEXs. · Security Landscape: While exploited addresses increased by just 3.7%, total financial losses surged 67%, with the largest single theft reaching $55.48 million. Attackers have shifted from mass phishing to sophisticated, targeted exploits. · Bitcoin Layer 2 Opportunity: Unlik...