2024 Annual Recap

6 min readDec 27, 2024

As 2024 comes to a close, we take a moment to reflect on what has been an extraordinary year for Azuro. From groundbreaking product launches and integrations to record-breaking milestones, this year has strengthened Azuro’s role as a key innovator in decentralized prediction markets.

Here’s a detailed look at the highlights and milestones of 2024.

AZUR

This year was pivotal for Azuro, with the AZUR token at the core of our ecosystem. Launched on 19th June 2024, on the Ethereum blockchain, AZUR powers Azuro’s decentralized prediction markets, ensuring seamless operations and rewarding participants across the network. Since TGE, AZUR has been successfully listed on several major platforms, including Gate.io, MEXC, BingX, and Uniswap.

Since its successful launch and listing, AZUR has laid the groundwork for further innovation, including the introduction of stAZUR, a non-rebasing liquid staking token that empowers stakers to earn rewards sustainably. With 30M AZUR TVL and an impressive ~19.5% APY, stakers benefit directly from the protocol’s betting activities, ensuring real yield without reliance on emissions.

To further enhance staking, we integrated with Sophon in August, AZUR stakers can utilize their stAZUR tokens on Sophon’s platform to farm Sophon Points (SP). This integration expands the utility and attractiveness of staking for the Azuro community.

Azuro Waves: Community Airdrop

The Azuro Waves program reflects our commitment to fostering community engagement, with 37.5% of AZUR allocated to Community & Ecosystem Growth as outlined in our tokenomics. This community-driven airdrop campaign incentivizes user participation in the ecosystem by distributing AZUR tokens based on their activities, such as bet placing and AZUR staking.

With two Waves successfully concluded and 10.5M AZUR distributed, the program has become a cornerstone of our tokenomics strategy. Wave 3 is currently ongoing and will run until February 2025, continuing to reward active participants.

AZUR Buybacks

In response to community feedback and to maintain the token’s value, Azuro executed a series of buybacks totaling ∼1.5M AZUR. These buybacks reflect our dedication to supporting AZUR’s price stability and tokenomics.

Looking ahead, we plan to continue and increase buybacks to strengthen AZUR’s long-term value.

For complete details about AZUR, please visit our docs.

2024 by the Numbers: Record-Breaking Stats

This year has been a testament to Azuro’s exponential growth. Azuro achieved incredible financial milestones in 2024:

$278M+ Volume (+356% YoY) This figure showcases the expanding activity within Azuro’s ecosystem, driven by builders, liquidity providers, and stakers contributing to a thriving prediction market. It’s a clear indicator of the protocol’s increasing adoption and usage.
$4M+ revenue (+320% YoY) This milestone reflects Azuro’s sustainable model, with revenue primarily driven by betting activity. It underscores the protocol’s ability to accrue value through real yield consistently.

In addition to financial success, Azuro achieved:

45K events hosted (+113% YoY)
163K markets created (+111% YoY)
$267 average bet size (+214% YoY)
$48M top monthly volume (April) followed by 367K+ total transactions.
$713K top monthly revenue (October)

Notable highlights:

$82K biggest winning bet.
x526 biggest winning odds.
$1.43M largest volume on one sports event: Arsenal vs. Chelsea (EPL, April 2024).
$0.65M largest volume on one political event: Trump vs. Harris.
453,694 bets placed in 2024 (+35% YoY).
2,011 bets were placed on Spain vs. Italy UEFA EURO, the most for a single event in June 2024.

New Frontends

2024 witnessed an incredible expansion of Azuro-powered frontends, offering users more ways to access and engage with decentralized prediction markets. This year, 10 new frontends were launched, which shows Azuro’s seamless functionality. Builders can leverage our infrastructure without starting from scratch, making app development easier.

For example, GF which was launched in 2024, already holds the 2nd position with a $30M+ total betting volume. But it doesn’t stop there — prediction markets within Azuro have seen exponential growth, driving the launch of numerous apps this year. Here are the new frontends launched this year:

This remarkable growth highlights Azuro’s robust infrastructure and showcases how new and existing frontends can thrive within the ecosystem, driving innovation and adoption in decentralized prediction markets.

It was also a great year for the applications that joined the ecosystem earlier. DexWin, for instance, was among the smallest apps in the ecosystem in 2023, but it has now climbed to become the 3rd-largest app by betting volume. At the forefront is Bookmaker.XYZ, one of the earliest and most-used frontends in Azuro, has accumulated an impressive $85M+ in total betting volume. A notable mention goes to Betswirl, one of the major frontends from last year, which continues to make significant contributions to the ecosystem’s growth.

Key Product Upgrades

2024 was a year of relentless innovation at Azuro. Some of the most notable product upgrades include:

New Sports Markets

We have significantly expanded our offerings with 12 new sports and over 10,000 new leagues, catering to a global audience. The addition includes exciting market types like player props, point props, outright markets, and more that will be added gradually.

Non-Sports Markets

We have expanded beyond sports, offering politics, crypto, and pop culture markets. One of the standout markets this year was the Trump vs. Harris event during the Presidential Election.

Live-Betting

Introducing the world’s first decentralized in-game betting, with live betting limits up to $200, letting users bet as events unfold.

Batch Bets

Easily place multiple bets in one go with Azuro’s new batch betting feature for a streamlined experience.

Social Login

Onboarding will soon be simplified with options to log in using Google, Apple, or Discord accounts.

AzuroScan

AzuroScan will serve as a hub for exploring live events, historical odds, and betting flows, offering deeper insights into Azuro’s prediction markets.

Integrations

This year, we have secured 10 key integrations to elevate the ecosystem. Integrations have expanded our reach across chains, leveraged advanced tools, and maximized Azuro’s functionality for everyone, including builders and users. Key integrations this year include:

Chiliz Mainnet
Sophon
Safe
Pimlico
Privvy
TheGraph
deBridge
FastNode
Envio

Socials Analysis

Azuro achieved remarkable community growth in 2024, with substantial increases on X, our followers grew from 35K to 88K (+151%), showcasing a growing interest in Azuro’s vision and activities.

Despite our growth on Twitter and other socials, the most valuable achievement is building a transparent and honest community. Your feedback and ideas have been instrumental in helping us create the best prediction markets possible.

Thank you to our incredible community of Builders, Stakers, and Liquidity Providers for your unwavering support throughout the year. You’ve made 2024 a remarkable success for Azuro.

Here’s to achieving even greater milestones together in the years ahead.