Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive
2024 was a landmark year for the cryptocurrency industry — a year defined by resilience, growth, and unprecedented milestones. From Bitcoin reaching record highs to stablecoins cementing their role in global finance, the industry witnessed remarkable progress.
In this article, we’ll revisit the key moments and milestones of 2024, breaking them down through numbers that tell the story of a transformative year in crypto.
Bitcoin in 2024: $108,000 ATH, Halving, and 94.8% Mined
Bitcoin remained at the center of attention throughout 2024, driving market excitement and institutional adoption. With two major rallies, growing reserves in national treasuries, and groundbreaking ETF approvals, Bitcoin set new benchmarks.
$108,000: Bitcoin’s New All-Time High
In December 2024, Bitcoin surged past the symbolic $100,000 milestone, reaching an all-time high of $108,000, solidifying its position as a leading global asset.
94.8%: Bitcoin Supply Nears Full Circulation
By the end of 2024, 9,914,662.5 BTC had been mined, accounting for 94.8% of Bitcoin’s total supply, highlighting its increasing scarcity.
3.125 BTC: The Fourth Bitcoin Halving
In 2024, Bitcoin underwent its fourth halving event at block 740,000, reducing mining rewards to 3.125 BTC per block, further tightening supply dynamics.
Stablecoins: Market Cap Surpasses $200 Billion
Stablecoins cemented their role as critical pillars of the crypto economy in 2024, with a total market capitalization surpassing $200 billion.
$140 Billion: Tether (USDT) Leads the Market
Starting the year with a market cap of $91.7 billion, Tether (USDT) steadily grew throughout 2024, reaching an impressive $140 billion by December.
DeFi: $206 Million Monthly Revenue and 2.5x Growth
Decentralized Finance (DeFi) experienced a revival in 2024, showing impressive growth in both adoption and revenue.
$206 Million: Record Monthly Revenue
In November 2024, DeFi protocols generated $206 million in revenue, marking a 114% increase from October’s $96 million.
2.5x Growth in Market Presence
The DeFi ecosystem grew 2.5x in size throughout 2024, with new protocols and cross-chain integrations reshaping the financial landscape.
Memecoins: 31% Investor Mindshare and 11% Market Cap
Memecoins emerged as a surprising force in 2024, capturing 31% of investor narratives and demonstrating resilience amid market shifts.
4x Growth in Popularity
Compared to just 8.32% in 2023, memecoins surged nearly 4x in popularity, becoming a dominant trend in investor narratives.
11% of the Total Market Cap
Memecoins secured an 11% share of the crypto market cap (excluding BTC, ETH, and stablecoins), driven by community engagement and speculative enthusiasm.
Other Key Numbers That Shaped 2024
- 7th Largest Asset: Bitcoin became the 7th largest global asset by market cap, surpassing Meta Platforms, silver, and Saudi Aramco.
- 1,530 VC Rounds: There were 1,530 publicly disclosed crypto VC investment rounds, a 25.1% year-over-year increase.
- 30% Ownership in Korea: 30% of the Korean population now owns crypto assets, according to a central bank survey.
Changelly’s 2024 Milestones: Growth, Users, and Recognition
Changelly achieved significant milestones in 2024, marking another year of growth and innovation.
700+ Cryptos and 330,000+ Trading Pairs
Changelly extended its offerings to support 700+ cryptocurrencies and 330,000+ trading pairs, providing unparalleled access to the crypto market.
7 Million Global Users
Our platform grew to serve 7 million users worldwide, reflecting strong trust and engagement.
150,000 Participants in the Black Friday Campaign
Changelly’s Black Friday campaign drew almost 150,000 participants, making it one of our most successful campaigns ever.
2 Prestigious Industry Awards
Changelly received two prestigious awards:
- Outstanding Blockchain Technology Provider (FinanceFeeds Awards 2024)
- Outstanding Crypto Exchange API Provider (World Business Outlook Awards 2024)
These recognitions highlight our dedication to delivering cutting-edge crypto solutions.
Looking Ahead to 2025: A Bold Vision for Crypto
As we step into 2025, the crypto industry shows no signs of slowing down. Analysts predict that Bitcoin could reach $250,000, with the total market cap surpassing $3.4 trillion. The year ahead is expected to bring significant momentum across key sectors:
$400 Billion Stablecoin Market
Stablecoins are projected to double their market cap to $400 billion, solidifying their role as the bridge between traditional finance and digital assets. Millions worldwide will continue using stablecoins for remittances and payments and as a hedge against volatile local currencies.
ETFs and Institutional Growth
Crypto-focused ETFs are expected to expand further, with increased adoption among institutional investors. This trend could drive billions in additional capital into the market, enhancing liquidity and market stability.
Real-World Asset (RWA) Tokenization
Tokenization of real-world assets (RWAs) is forecasted to surpass $2 trillion in value by the end of 2025, offering new avenues for investment and asset management.
Geopolitical and National Adoption
More nations are expected to adopt Bitcoin as a reserve asset, with global governments exploring the strategic potential of digital currencies. Regulatory clarity, especially in major economies like the U.S., will further boost market confidence.
Changelly’s Vision for 2025
At Changelly, we remain committed to being your go-to platform for all crypto operations. Expect more supported cryptocurrencies, enhanced payment options, and exciting campaigns in the year ahead.
Thank you for being a part of our 2024 journey. Here’s to an even brighter 2025!
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Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
