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- DeFi (Decentralized Finance): DeFi platforms aim to recreate traditional financial systems, such as lending and borrowing, without the need for traditional intermediaries. This trend was rapidly growing, with various projects offering decentralized exchanges, lending platforms, and other financial services.
- NFTs (Non-Fungible Tokens): Non-fungible tokens gained significant attention, especially in the art and entertainment industries. NFTs represent unique digital or physical assets on the blockchain, allowing for verifiable ownership and provenance.
- Layer 2 Scaling Solutions: Scalability has been a persistent challenge for many blockchain networks. Layer 2 solutions, such as Optimistic Rollups and zk-Rollups, aim to address these scalability issues by processing transactions off the main blockchain.