The crypto industry in 2024 saw several significant developments and achievements that are expected to shape the future of blockchain technology. Ethereum's Duncun upgrade introduced proto-danksharding, aimed at improving scalability and reducing data fees. Solana experienced exponential growth, reaching $9 billion in total value locked, thanks to institutional adoption and major integrations. Google's advancements in quantum computing raised concerns about the security of blockchain networks, highlighting the need for quantum-resistant encryption. Layer-2 adoption soared with projects like Arbitrum, Optimism, and Base addressing Ethereum's scalability challenges. DeFi leaders like Aave, Uniswap Labs, and MakerDAO introduced innovative solutions and products. The Electric Capital Developer Report showcased significant growth in blockchain development, with Solana attracting the most new developers. Overall, 2024 was a transformative year for the crypto industry, setting the stage for future advancements in scalability, DeFi, and security.



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