2024 was the year of the return of on-chain activity across blockchain networks, with key metrics, including adoption, transaction volume and numbers, reaching all-time highs.

The Dune On-chain Adoption Index, which measures the level of engagement on the blockchain, reached 77 in December 2024, slightly below the all-time high of 84, which was last seen in November 2021. Cross-chain transactions have reached a record high. With cross-chain transactions reaching $817 million in December 2024, surpassing the previous record of $730 million set in January 2022. This translates to an annual run rate of $10 trillion.

Frederik Haga, CEO of Dune Analytics, said in his post on X that transaction volume reflects peak activity levels of 2021 over several weeks of the year, reflecting a strong increase in blockchain adoption. The growth comes as the sector continues to face... Regulatory audit Even when you make a comprehensive move towards adopting decentralized frameworks.

Blockchain transaction fees fell from $2 billion in November 2021 to $500 million in December 2024, highlighting the deflationary nature of blockchain technology. Lower costs have removed a massive barrier to entry, and now blockchain solutions can be widely adopted by users and businesses across the board.

It's 2024, the year in which adoption of blockchain technology is revived, but amid intense regulatory oversight and global economic uncertainty. The ecosystem has shown resilience amidst many hurdles, resulting in significant usage and adoption across all sectors.

2024 in summary:

In 2024, various aspects of blockchain and cryptocurrencies have changed; such as bitcoin (Bitcoin) reaching an all-time high, and the approval of eleven new spot ETFs for Bitcoin and nine spot ETFs for Ether, are all clear indicators that cryptocurrencies are starting to gain acceptance among the mainstream. The most important event was the launch of the NFT rewards program before Empire State BuildingIt is an event that points to the bright future of blockchain technology in commercial real estate and tourism. Politics is starting to realize the weight of digital assets compared to Trump's assets 4 million dollars In campaign finance from the cryptocurrency sector. These events will set the stage in 2024 for increased adoption including major regulatory changes expected to take place 2025.