HTX Ventures published its 2024 Mid-Year Investment Perspectives, highlighting strategic decisions and pivotal ventures for the first six months. The firm, a prominent name in blockchain venture capital, pinpointed six focal sectors and nurtured 23 groundbreaking projects, aiming to propel Web3's evolution, as depicted in the following illustration.
BTCFi: Expanding Bitcoin's DeFi Journey
HTX Ventures zeroes in on Bitcoin's decentralized finance (BTCFi) as a cornerstone of their efforts. While Bitcoin stands as a robust and globally recognized network, its immersion in DeFi has faced barriers due to the absence of smart contracts. Through mid-2024, BTCFi's locked-up value (TVL) hovers at around $1.2 billion, accounting for merely 0.09% of Bitcoin's total market cap.
When contrasted with Ethereum's TVL-to-market cap ratio, which is approximately 14%, BTCFi has a substantial expansion avenue. Even a modest upturn to a mere 1% could catalyze a multiplier effect on BTCFi's TVL, potentially liberating billions of dollars worth of value.
HTX Ventures has poised its investments in ventures such as Babylon and BounceBit to capitalize on this opportunity. Babylon empowers Bitcoin (BTC) as a staking asset in proof-of-stake blockchains, while BounceBit, a platform dedicated to restaking, constructs a crucial foundation for a myriad of DeFi tools, propelling Bitcoin from its value贮藏边界。
Multichain 孵化器:加强链间互联
HTX Ventures is invested in forging a robust multichain infrastructure, mending the current splintered landscape where many layer-1 and layer-2 chains operate solo, fostering inefficiencies. To combat this, HTX Ventures has made strategic investments in Monad and Avail.
Monad, a layer-1 blockchain, optimizes the Ethereum Virtual Machine's performance with parallelism, while Avail constructs a unifier layer to overcome rollup fragmentation at scale, presenting a cost-effective and secure approach to perfect cross-chain interoperability. These investments are shored up to create a more interconnected and streamlined blockchain experience.
用户体验:Web3 接纳的关键
Documented blockchain prowess is poised to resonate with the wider audience only when it is approachable and consumer-friendly. Guided by this belief, HTX Ventures has backed projects like Tomo, a novel Web3 social interface that enriches user engagement. Tomo morphs an individual's digital persona into an omnibus social wallet, intertwining financial rewards with social interactions.