# Devcon 2024: A Brief Recap

**Published by:** [Demether](https://paragraph.com/@demether/)
**Published on:** 2024-11-19
**Categories:** defi, blockchain, web3, crypto, demether
**URL:** https://paragraph.com/@demether/devcon-2024-a-brief-recap

## Content

Originally published: Nov 20, 2024The 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 answerThe 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 ecosystemThe 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 roleDespite 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 thriveDeFi 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 eventsDevcon 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 to keep yourself updated with what we are cooking at Demether HQ!

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