2024's Top Crypto Developer Trends ($)
View in Browser
Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🤑 VanEck Releases Crypto Price Predictions for 2025. The firm touches on where the industry is going and where prices are headed.
- 👨⚖️ Pro-Crypto Rep. French Hill Will Chair House Financial Services Committee. The crypto-friendly representative chairs one of Congress's most powerful committees.
- 🚔 First Criminal Crypto Tax Conviction Ends with Prison Sentence. An early bitcoin investor was convicted after underreporting gains from millions in sales.
📸 Daily Market Snapshot: SOL's 2024 has been a story of redemption and narrative strength over ETH, but SOLETH momentum has slowed as investors have begun shifting attention toward ETH, with the ratio declining more than 25% over the past several weeks. Amid outsized growth from competing Alt-L1s and altcoin investments, SOL price has grown just 6% over the past 30 days compared to 24% for ETH.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $3.62T | ↗ 1.1% | ↘ 1.4% |
|
BTC $101,238 | ↗ 1.7% | ↗ 0.8% |
|
ETH $3,906 | ↗ 0.8% | ↘ 3.1% |
|
ONDO $1.95 | ↗ 10.2% | ↘ 14.3% |
This was a huge year for crypto, not only because of investor excitement but also because crypto developers kept driving the space forward.
Plenty of trends surfaced this year around developer onboarding and activity. The newly released 2024 Crypto Developer Report by Electric Capital gives us a snapshot of developer activity in the crypto space and sheds light on key trends and shifts.
Let’s break down 10 of the insights from this year’s report that stuck out to us most👇
Season 2: Methamorphosis is now live on mETH Protocol, following the launch of their governance token, COOK, and cmETH, the liquid restaked version of mETH. With cmETH, holders can enjoy yields across multiple restaking protocols like Karak, EigenLayer, Symbiotic, while earning Powder for more COOK.
What are the best investing opportunities in Tech for 2025?
Elad Gil is one of Silicon Valley's hottest investors. He's backed 40 unicorns, including Airbnb, Coinbase, Figma, and Stripe, to name a few. He's super active in AI and hosts the No Priors podcast.
In this conversation, Elad explores the state of AI and how the industry is evolving, what he thinks about Crypto, and why he’s bullish on tech in general, given the new Trump administration.
Listen to the full episode 👇
🧑🌾 Farming Alpha: Last week’s gigantic divergences between variable and fixed rate stablecoin returns were resolved by the cool-off in crypto markets. Aave aggressively expanded its exposure to Ethena assets as yields surged in recent weeks, and its smart contracts now hold over $1B in yield-bearing sUSDe collateral.
Top Opps:
- 🟠 BTC: 500% APR with Aerodrome’s tBTC-cbBTC pool on Base
- 🟠 BTC: 20% APY with Fraxlend’s WBTC pool on Ethereum
- 🟠 BTC: 11% APY with Pendle’s LBTC (Corn) PT on Ethereum
- 🔵 ETH: 8% APY with Pendle’s cmETH PT on Mantle
- 🟢 USD: 25% APY with Pendle’s USDe PT on Ethereum
- 🟢 USD: 22% APY with Aave’s FRAX pool on Ethereum
- 🟢 USD: 12% APY with Pendle’s aUSDC PT on Arbitrum
- 🟢 USD: 10% APY with Aave’s USDC pool on Ethereum