2024

Bitcoin

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Chain Abstraction is the highest-ranked token standard by growth rate in 2024.</strong></li> 
 <li><strong>The token standard grew by 673% between January and August 2024.</strong></li> 
 <li><strong>Bitcoin network’s BRC20 decreased by over 72% from January to August.</strong></li> 
</ul> 
<p>According to Kaiko AI Research, Chain Abstraction soared 673% between January and August 2024. This remarkable growth makes it the highest-ranked token standard by growth rate among the top four cryptocurrency narratives.</p> 
<p>In contrast, BRC20, the blockchain standard of the Bitcoin network, plummeted by over 72% during the same period.</p> 
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   <p lang="en" dir="ltr">According to Kaito AI research, AI, DeFi, MEME, and L2 ranked in the top four in terms of cryptocurrency narrative mindshare from January to the end of August this year; chain abstraction grew rapidly, increasing by 673%, ranking first in growth rate; BRC20 had the largest… <a href="https://t.co/9JnQMGrp0J" target="_blank" rel="nofollow">pic.twitter.com/9JnQMGrp0J</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1838793749088080064?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 25, 2024</a>
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<h2 class="wp-block-heading" id="h-how-chain-abstraction-works">How Chain Abstraction Works</h2> 
<p><a href="https://medium.com/connext/introducing-chain-abstraction-9b8f6e4dc31a" target="_blank" rel="nofollow">Chain Abstraction</a> is a blockchain standard designed to eliminate the user experience (UX) challenges typically associated with managing multiple blockchains. By simplifying blockchain interactions, it increases the adaptability of b…</p>
<p>The post <a href="https://coinedition.com/chain-abstraction-explodes-in-popularity-dwarfing-brc-20-and-even-ai/">Chain Abstraction Explodes in Popularity, Dwarfing BRC-20 and Even AI</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Chain Abstraction Explodes in Popularity, Dwarfing BRC-20 and Even AI

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