In 2024, the cryptocurrency market achieved significant milestones, with increased mainstream appeal and a favorable political climate leading to a bull run in the last quarter of the year. CoinGate's crypto payments report revealed that stablecoins, particularly Tether, surpassed Bitcoin as the most popular method of payment. Transaction volume increased by 29.6%, with Tether accounting for 34.6% of payments and other stablecoins bringing the figure up to 35.5%. Ethereum lost influence, while Tron became the most popular blockchain, accounting for 31.5% of transactions. Layer 2 solutions, such as the Lightning Network and Polygon, also experienced significant growth. Stablecoins have solidified their role in the cryptocurrency ecosystem, while blockchain preferences indicate a dynamic industry focused on scalability and efficiency.



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