2024 Blockchain Trends: AI, DeSci Surge; LRT, GameFi Fall

In a recent analysis by @WuBlockchain, emerging blockchain trends of 2024 have surfaced, showcasing significant growth in certain areas. According to Kaito data, there has been a remarkable increase in narrative mindshare for AI concepts, DeSci, TEE, and chain abstraction by the end of 2024.

The AI sector observed a mindshare boost of 116%, while Decentralized Science (DeSci) surged by an astounding 2640%. This indicates a growing interest and application in using blockchain technology for scientific endeavors. The TEE (Trusted Execution Environment) sector saw a 192% increase, highlighting a rising focus on privacy and trust solutions. Similarly, the concept of chain abstraction rose by 160%, suggesting a trend towards simplifying blockchain operations and enhancing interoperability. 1

On the flip side, some blockchain sectors have experienced a decline. Layer 2 solutions (L2) saw a 58% decrease in mindshare, which could reflect shifts in scalability solutions or market dynamics. GameFi, a sector that blends gaming with decentralized financial services, decreased by 41%, and BRC20 tokens tumbled by 77%. Additionally, LRT (Light Rail Transit) dropped by 82% and account abstraction fell by 71%.

This data sheds light on the shifting landscape within the blockchain industry, capturing both the rising influence of certain technologies and the waning interest in others. It offers a snapshot of where the focus is expected to be in 2024 as organizations and developers navigate this rapidly evolving space.