Blockchain Adoption Surges In 2024, Surpassing 2021 Levels

According to Odaily, Dune founder @hagaetc shared insights on the X platform, highlighting significant growth in blockchain adoption in 2024. The adoption rate has returned to the levels seen in 2021, with both transaction volume and frequency surpassing previous records. The overall adoption on-chain has nearly reached the peak of 2021. A notable decrease in blockchain costs has been observed, which, while potentially indicating reduced demand, is actually beneficial. Most technologies exhibit deflationary characteristics, and the reduced costs have led to increased transaction volumes. After years of stagnation or decline, on-chain transactions have experienced exponential growth in 2024. This trend underscores how lower fees have driven increased usage. Despite facing regulatory challenges and uncertainties throughout the year, 2024 has emerged as a breakthrough year for on-chain adoption, with most metrics exceeding the peaks of 2021.