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Binance – Industry Map, June 24

Summary
The cryptocurrency industry is seeing a focus on scalability and fairness, with projects working on making blockchains more scalable and fair by implementing efficient distribution of Maximal Extractable Value. Data usability and tooling are also key areas of innovation to improve the developer experience, as data generated on blockchain networks is not fully usable. Security and privacy are becoming increasingly important, with projects emerging to prevent malicious data tracking and smart contract hacks. There are several projects focusing on providing users with access to decentralized web-based services, such as storage and computing. Various Layer-1 chains are aiming to improve scalability, while rollup solutions like Linea, Polygon zkEVM, Scroll, StarkNet, zkSync Era, and others are being developed to address Ethereum scalability. Some projects like Blast, Manta Pacific, Mantle, and Mode offer features like native ETH and stablecoin yield, while OP Mainnet and Taiko provide fast, stable, and scalable L2 solutions. Overall, the industry is working towards making blockchain technology more efficient and accessible.
Region: Global 
Published: June 2024 
Author(s): Binance 
Language: English 
Geopolitical drivers: Regulatory changes 
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