Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Gary Gensler’s job at risk, BlackRock’s first spot Bitcoin ETF…

    June 18, 2023

    Bitcoin vs. Wall Street: Shift to Blockchain Stocks

    January 24, 2024

    Synesis One: Transforming AI Data Sourcing and Monetization

    November 29, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

      July 18, 2025

      Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

      July 16, 2025

      Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

      July 15, 2025

      BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

      July 14, 2025

      Will Pi crash or rally in 2025?

      July 11, 2025
    • Technology

      Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

      July 18, 2025

      What is AI16Z – AMBCrypto

      July 17, 2025

      Bonk gains 15% to lead memecoins as altcoins eye rally

      July 16, 2025

      Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

      July 15, 2025

      Hungary Bans Unlicensed Crypto Platforms: Revolut and Bitstamp Suspend Services

      July 14, 2025
    • Learn/Guide

      $10.7 trillion Charles Schwab to launch spot Bitcoin, Ether trading, eyes stablecoin market entry

      July 18, 2025

      Russia’s largest bank Sberbank to roll out Bitcoin, crypto custody services to catch up with global banks

      July 17, 2025

      Trump Media files trademarks for Truth Social AI and AI Search

      July 16, 2025

      DOJ and CFTC drop investigations into Polymarket

      July 15, 2025

      FUNToken Isn’t Just Trending – It’s Consolidating Power in Telegram, One User at a Time

      July 14, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Blockchain Adoption Hits New Heights With $10 Trillion Milestone In 2024
    Technology

    Blockchain Adoption Hits New Heights With $10 Trillion Milestone In 2024

    January 9, 20253 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Blockchain
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Key indices such as adoption, transaction volumes, and activity levels reached new highs in 2024, giving blockchain technology a significant boost. Despite persistent regulatory hurdles, blockchain is booming, as shown by this increase.

    Blockchain networks have proven their ability to thrive and are moving toward broader use, even as regulators keep a close watch on the industry.

    On-Chain Transactions Hit New Heights

    However, the most notable breakthrough that the blockchain achieved in 2024 was the transaction volume. In December, on-chain trades were worth $817 million, which was a lot more than the previous high of $730 million in January 2022. This meant the development raised an annual run rate of a staggering $10 trillion.

    Fredrik Haga, CEO of Dune Analytics, said that the number of transactions showed that activity levels were similar to the peak in 2021. This shows that blockchain is becoming more important in the global banking system.

    Okey so prices went up, but what did actual onchain adoption look like in 2024!? Let’s look at the data 👇

    In 2024 unchain adoption reached 2021 levels while also surpassing previous highs in terms of transfer volume and transaction count!

    Overall onchain adoption – almost… pic.twitter.com/IImeJjNtIj

    — hagaetc.eth (@hagaetc) January 2, 2025

    Reduced Transaction Fees Drive Adoption

    Another significant change in 2024 was a sharp decline in blockchain transaction fees. The cost of transactions has been down from $2 billion in November 2021 to $500 million by December 2024.

    This decline removes a large roadblock from adopting blockchain in all walks of life, such as individuals and corporations. This can make blockchains more applicable and scalable since transactions are cheap and thus makes its way toward numerous applications cutting across various industries.

    Total crypto market cap currently at $3.3 trillion. Chart: TradingView

    Regulatory Challenges During Rapid Growth

    Blockchain networks experienced extraordinary growth while navigating a difficult regulatory context. While popularity rose, the industry faced more scrutiny, particularly in relation to decentralized finance (DeFi) and cryptocurrencies.

    Some of the expected problems and issues aside, the on-chain industry still continued to pursue decentralized structures, and with that, the role that blockchain played in the world’s economy expanded.

    In 2024, a significant event — the approval of the Spot Bitcoin ETF by the US Securities and Exchange Commission — provided the broader crypto market with great enthusiasm and optimism. This gave Bitcoin and most other leading cryptos legitimacy and thereby brought in huge institutional investments into the digital market.

    By January 2024, Bitcoin ETFs had received more than $35 billion in net inflows, with BlackRock’s IBIT leading the way.

    In addition to these market events, the win by Donald Trump in November brought up regulatory hope for cryptocurrencies once again. His promises to make the United States the “crypto capital of the planet” and his vow about clearer regulations increased market sentiment even more.

    By December, Bitcoin’s price had touched an all-time high of $108,135, and contributed to a total cryptocurrency market value of $3.9 trillion as of that time, up from $1.7 trillion at the beginning of 2018.

    Featured image from Tech Xplore, chart from TradingView





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

    July 18, 2025

    What is AI16Z – AMBCrypto

    July 17, 2025

    Bonk gains 15% to lead memecoins as altcoins eye rally

    July 16, 2025

    Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

    July 15, 2025
    Top Posts

    What are the pros and cons

    April 30, 2025

    Telegram CEO charged with ‘complicity’ in grave crimes as French gov websites face DDoS attacks

    August 27, 2024

    Bitcoin miners rejoice as PEGA Pool’s Launch is Imminent

    May 22, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

    July 18, 2025

    Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

    July 16, 2025

    Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

    July 15, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.