The Blocmates 2024 Recap

GM blocmates.

Let's have a little Emiri X Hix0n 2024 flashback session today, shall we? 

Even though we went through many hurdles, we’re still on the path, moisturized, in the lane, unbothered, mogging.

Open a pint or two and chill with us, this is a long one.

Hix0n:

“The promised Christmas rally looks to be turning out as if everyone in crypto behaved like a total piece of shit the whole 2024. Still, we’ve come a long way.

Onchain is the new online. Online is the new Downtown. If you’re not here, you’re nowhere.

But since you’re still with us and jacked into the crypto world on a daily basis, you know very well that logging off even for a bit means missing out on lightyears of developments. 

That said, let’s remember a few special moments from the Year of the Bull that was 2024. We were there and are glad you were there with us.”

Emiri:

“Damn, 2024 is done already, and what a year it has been. Congrats to all the trench warriors who made it. 

If there were a phrase to summarize this year, it would be the words of the great DJ Khalid: “They ain’t believe in us, GOD DID.”

From the torture of 2021 and 2022 to the boredom for most of 2023, everyone foolishly wrote this industry off. They smirked and laughed while we were down bad, but they’re now messaging “what buy?” once we’re up. It is what it is. It is their destiny to FOMO the top.

Let`s get into it.”

Bitcoin 2024

Emiri:

BTC crossed $100K. It still feels crazy to say, a number that felt like a pipe dream two years ago has suddenly come. 

If there were a way to summarize BTC’s year, it would be:

“[🎄] BlackRock (IBIT) Daily BTC Flows: +356.6m: BBG”

From the time the ETF’s went live, every time we woke up to this notification, we knew we were in for a good day. It’s a bit bittersweet in the sense that we get excited over a TradFi buying a controlling supply of our coins, but it was going to happen eventually, and there isn’t much we can do to fight it. Free market innit. 

BTC started the year at around $42K and went as high as $108K. That’s a rough 156% increase over the year 2024. Yeah, pretty insane. 

Beyond this, our own Mr.Saylor seems to be relentlessly buying BTC at any price possible by borrowing against MSTR stock and top-blasting BTC. 

It has worked so far, and he’s up roughly $15B notional, but it does beg the question of how bad the spillout of this will be once the market does eventually top out.

Nonetheless, BTC has shown why it's the king of this industry, and with a rising tide like BTC going on the run that it has, it naturally lifted all the boats. 

January 2024: The Distant Lands of Ordinals

Hix0n: 

“Bitcoin is king; Bitcoin is home. Yet, many faltered and did not visit the distant but true parent, the very first truly decentralized blockchain of all.

But once again, we were there. The outcry for World Peace, masquerading as silly Windows paint puppets on ketamine, hit the timeline. At first unnoticed, now the number one NFT collection on Bitcoin.

Those of you who read every newsletter and tweet, the true blocmates, remember. 

Even though we’re looking back today, there’s still much to look forward to.”

February 2024: Saying the hard R? Allowed 

Hix0n: 

“More specifically, Retardio. 

Born from the mentally impaired Milady offsprings and the original retard of all, Andrew Tate, Retardio charged to the scene. 

Blocmates? Calling it at a mere two hundred thousand market cap, while already adding to our existing bags. 

We were there, going full Retard.”

March 2024: Moggers Mog

Hix0n: 

The Great March, Men of God in charge. An absolute pico vibe top; those of you truly early to this bull run know what I’m talking about.

No Murad, no mainstream propaganda, just pure onchain winning. Even though valuations were merely half of what they are now, those moments felt special. 

Some of us experienced it on Ethereum, some on Solana. Some went wif hat, some with the pop, but in the end, we all mogged.

Emiri:

”... millionaires were made during those few months.

Although we were gleefully celebrating and running victory laps on normies as we printed 10 years of their salary in two days, tough times were coming. On the back of so much money flying around the ecosystem, a peculiar thing emerged. The Presale meta. 

This was arguably the strangest thing I’ve seen in crypto. 

People would simply post their Phantom wallet addresses on Twitter and tell everyone “send money, I’m launching a coin, you will get airdropped once it launches.”

To everyone's surprise, this turned out to be an absolute rug fest. Sure, a couple of them went well, but the majority of them were pure rugs. This, coupled with a wildly racist meta where coins were named after racial slurs ended up topping the market. 

What followed was pain.”

The Great Chop 

Emiri: 

“How do we explain to people that what looks like a blimp on a chart was actually several months of torture, losing copious amounts of money and roundtripping generational wealth multiple times? 

After the memecoin meta topped, what followed was months and months of pain.  

BTC wicked to as low as 48K while the trenches saw rug after rug. Although some coins held well, you’d see a couple of weeks of profit, only to be completely annihilated on an elevator down move, completely roundtripping everything you made.

The few months of chop were filled with largely fleeting narratives and people chasing pumps and chopping themselves to bits on things like Etherdelta for example. However, it is often in these conditions that there tends to be a lot of opportunity in places people least expect. 

When CZ came out of prison to mark the stone-cold bottom, the next dominant narrative revealed itself.”

June 2024: The Prelude of DeFi Renaissance

Hix0n:

“Aave is currently all over the timeline. Trump himself is building on Aave. Worldlibertyfi is stacking DeFi tokens one after the other. 

Right now, everyone knows DeFi is future of France again.”

November 2024: The Hyperliquid Prophecy 

Hix0n:

“Same old story. HYPE is all the hype currently—the next Solana-like trade, onchain Binance, the new trenches. 

But where did we hear it first? Of course, blocmates.

We were there. Imagine farming Hyperliquid since June 2023.”

If you feel you missed out, we might have just the thing for you. Superseed follows Hyperliquid’s path with Supersale, enabling us all to be truly early (again). Check it out.

December 2024: The Gas Token 

Grandmasters grand finale of the year. As I pen this, the hot air still rises. 

Emiri: 

“To be honest, AI x crypto has been a talked about sector for a really long time now. Projects like Bittensor, fetch.ai, and Render have been on this wave for a long time. 

However, the recent AI x crypto wave has not been precisely how people imagined it. It has been a wave of AI agents and AI memecoins going absolutely parabolic. Case in point, Fartcoin recently hit a $1B market cap. 

I mean, at the end of the day, hot air rises. 

Although Fartcoin has grabbed the most mindshare, this entire wave really started with Truth Terminal. Truth Terminal is an AI agent made by the dev Andy. This agent is essentially a fully autonomous Twitter account that makes its own tweets, interacts with other users, and occasionally trades. 

The first coin Truth Terminal co-opted was GOAT, and the price of GOAT essentially got tied to Truth Terminal.

However, Truth Terminal picked Fartcoin as its AI memecoin of choice, and the rest is history. The coin has gone on a parabolic run, leaving TradFi and normies absolutely coping as they see the coin take over the market cap of some massive companies. 

After Truth Terminal, the sector exploded. 

From an AI-powered DAO hedge fund like AI16z to a consumer-facing AI application suite like Alchemist AI to AI frameworks like ARC and Zerepy by Zerebro, the entire sector has gone mental.

Currently, it seems like it’s almost inevitable that this will be the sector of the cycle. It is the perfect balance of a certain amount of fundamentals, future-proof technology, and memetics. 

However, while having an AI allocation is good, it’s also good to keep an eye on up-and-coming sectors.” 

Blocmates Content Highlights of 2024

This has easily been the best year for blocmates since we started, so these are some of our personal top highlights for this chaotic year that we’ve been having. 

#1 Andy Truth Terminal Interview 

A major interview was an exclusive interview with Andy Ayrey. He is the founder and creator of Truth Terminal. He had done no interviews prior to this and chose blocmates as his first platform. 

Give it a listen.

#2 Zerebro interview 

Zerebro is another top-notch AI project. Their founder Jeffy Yu chose blocmates as his platform to give his first exclusive interview and this is how it went. 

A pretty good listen. 

#3 Sonic livestream with Andre Cronje

Recently, Sonic launched and went live with mainnet. It has been anticipated for a very long time and we at blocmates will be covering everything Sonic-related. 

On launch day, the founder, Andre Cronje, decided to join blocmates along with Michael Kong to discuss everything Sonic. We hit a personal record of 11k concurrent viewers live. 

You can check it out below.

#4 Newsletter hitting 15k 

The blocmates newsletter has been a key focal point for us this year. We have put a lot of effort into it behind the scenes and are glad to see you guys have been enjoying it. 

We crossed the 15k subscriber milestone but are just getting started. You can expect a lot more from this newsletter in the future. 

UP ONLY.

#5 Launch of ABO & TAOtalk 

Beyond our regular content, blocmates has expanded its arsenal with multiple productions. We launched two new publications in the A blocmates Orange & TAOtalk. 

A blocmates Orange (ABO) covers everything related to Bitcoin and BTCfi. 

TAOtalk covers everything related to Bittensor. 

You can expect more in the near future. 

#6 Launch of meal deal 

A big goal for us this year was to launch the Larp NFT collection and the meal deal program along with it. 

We have now successfully achieved this and will continue to work on growing the Meal Deal platform. 

All the exclusive alpha, whitelists, early access to projects, and much more can be found through the meal deal. On top of this, you get access to the discords, where some of the top industry players talk about perp trades, on-chain shitcoins, upcoming narratives, and onchain sleuthing. 

Trust me, it’s the place to be.  

#7 Raoul Pal interview 

Recently, we had Raoul Pal, a well-renowned macro investor, on our podcast. 

Given that we are just a bunch of degenerate apes, it’s pretty impressive and funny that a serious man of this caliber is on interviews with us and actually having a good time, too. 

Trust me, we have more coming in the future, but give this one a listen as well. 

#8 Grant Thesis 

Lastly, we have the thesis from our Chad founder and CEO, Grant. 

Grant always starts the new year with a thesis on what to expect over the coming year. He’s usually pretty bang on, but you can have a look for yourself and see if he did well or not. 

He is currently in the lab working on a 2025 thesis as well, so keep your eyes peeled for that one, but in the meantime, you can give the 2024 piece a read.