Top Web3 Trends in 2024🌟

From Bogdan Habic, Co-Founder and CTO at Tenderly

📊Ethereum scalability improves

With the Cancun-Deneb upgrade and EIP-4844, also known as Proto-Danksharding, just around the corner, the scalability and efficiency of the Ethereum network will greatly increase.

It’s the first step in increasing the network’s number of transactions per second, allowing for higher traffic. It will also introduce several EIPs to lower the cost of on-chain data storage, optimize block space, and improve the structure of cross-chain bridges.

💻RaaS and Appchains

As we witness the greater proliferation of open-source, modular development frameworks and stacks for building blockchain solutions like the OP stack, Arbitrum Orbit, Polygon Superchain, Avalanche Subnets, and Cosmos SDK, combined with the previously mentioned and important Ethereum upgrade, we’re on the side that will see an ever greater number of application-specific chains or rollups springing to action which will further greatly support Ethereum scalability and the overall blockchain ecosystem.

⛓Multichain interoperability

Web3 is already multichain due to EVM interoperability, connectivity, and network effect.

"We strongly believe that we will have many rollups and appchains that will further contribute to the multichain future through EVM interoperability. This will also positively impact the scalability part of the trilemma without sacrificing the security aspect of it."