# Devcon 2024: A Brief Recap

By [Demether](https://paragraph.com/@demether) · 2024-11-19

defi, blockchain, web3, crypto, demether

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Originally published: Nov 20, 2024

The Demether team recently attended **Devcon 2024**, and what a whirlwind of insights, connections, and energy it was!

Here’s our take on the event and what it means for the future of DeFi and beyond.

**1\. Cross chain is the answer**
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The buzzword of the week award goes to chain-abstraction. Players — big & small — are identifying it as the key to making web3 mainstream. There is an intensified focus on interoperability and seamless multi-chain operations. This resonates deeply with Demether’s mission to create accessible and efficient yield-maximization solutions across multiple chains.

**2\. Massive turnout reflects growing ecosystem**
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The scale of Devcon Bangkok was nothing short of impressive. The event drew an enormous crowd, showcasing the **tremendous interest in EVM-based ecosystems**. Beyond Ethereum, the presence of alt-VM groups like **Solana, Aptos, and Sui** underlined the diversity and vibrancy of blockchain development today.

**3\. Ethereum’s steadfast role**
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Despite the undercurrents, the Ethereum ecosystem remains robust and forward-looking. Devcon showcased Ethereum’s resilience through major announcements: the launch of **Beam Chain**, enhancing scalability and security, and the unveiling of Ethereum’s **2030 roadmap by Vitalik**, which focused on security, scalability, and sustainability. These milestones reaffirm Ethereum’s role as the backbone of DeFi and a cornerstone for projects like ours to innovate.

**4\. DeFi innovation continues to thrive**
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DeFi took the spotlight in various discussions, highlighting the **growing focus on creating robust, user-friendly applications**. A key theme was the need for better liquidity management and user retention — problems that Demether is actively solving. From improving capital efficiency to fostering deeper community engagement, the event showcased how DeFi protocols are preparing for mass adoption.

**5\. Interesting increase in community hubs and private events**
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Devcon nailed the concept of community hubs — dedicated spaces for self-organizing meetups and conversations. This helped attendees connect meaningfully without the _chaos_ of traditional conferences. Onsite private events also fostered deeper discussions around adoption and outreach.

Devcon Bangkok wasn’t just an event; it was a reflection of an industry gearing up for its next big leap. With chain-abstraction, institutional backing, and innovative community-driven models, the future looks incredibly promising.

At Demether, we’re ready to sow the seeds for what’s next.

[Follow us on X](https://x.com/DemetherDeFi) to keep yourself updated with what we are cooking at Demether HQ!

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*Originally published on [Demether](https://paragraph.com/@demether/devcon-2024-a-brief-recap)*