Original source: @Mippo
Compiled by: Odaily Planet Daily ( @OdailyChina )
Translator: Wenser ( @wenser 2010 )
Editors note: As 2024 draws to a close, many crypto investment institutions including a16z and VanEck have released a series of outlooks on the cryptocurrency industry in 2025. Blockworks crypto researcher Mippo recently published a long tweet titled 27 Crypto Conjectures for 2025, which Bitwise CIO Matt Hougan also retweeted and said Great post. The content of the tweet covers future US crypto policies, DeFi, Ethereum, Solana, and stablecoins. Odaily Planet Daily will compile and briefly comment on this in this article for readers reference.
27 Crypto Conjectures About 2025
Note: The reason why the original authors Prediction is translated into guess is for the consideration of rigorous writing, because prediction requires more sufficient reasons for inference, but these 27 contents are more like the authors subjective guesses and do not necessarily have strict logical support, so they are for reference only.
1. The United States will re-emerge as the global encryption center
Many cryptocurrency entrepreneurs will return to the United States and open offices in New York, and the scale of crypto conference activities in the United States will surpass that of Asia.
2. More than 10 DeFi protocols will turn on fee switches
Multiple DeFi protocols are set to activate fee switches for the first time, including Uniswap.
3. DeFi protocol will open up a business model of customer asset re -pledge
More and more DeFi protocols will use customer asset re-staking as a source of revenue, including models such as cross-chain bridges and liquidity staking tokens (LST).
4. Ethereum core direction debate is about to be settled
Efforts to expand the L1 network will be gradually reduced to a minimum (such as raising the Gas target to 50 M gwei, etc.), but the roadmap centered on Rollup will be re-emphasized. The efforts of ETH fanatics will ultimately fail.
(Note from Odaily Planet Daily: This means that the development of L2 networks has become inevitable.)
5. The Ethereum ecosystem will be more cohesive
Although some dissenters may leave the Ethereum ecosystem, the overall sentiment of the community will shift in a more positive direction, and the market price of ETH will perform well.
6. Rollup-based solutions will not take off in 2025
Sufficiently good cross-chain interoperability will be achieved through protocols like Across , but achieving universal combination capabilities is not yet possible.
7. TEE (Secure Execution Environment) will become a (permanent) part of L2 infrastructure
8.Solana is still the protagonist of this cycle, but hidden dangers will emerge in 2025
The Solana ecosystem’s REV (return on economic value) will have a hard time reaching new highs.
With the decentralized liquidity brought by Meme Coin and the emergence of MEV issues, extremism is on the rise, and these challenges will jointly become hidden dangers for the ecosystem.
9. Solana’s Firedancer will be released in Q4 2025, reaching 100,000 TPS
10. Solana will adjust its issuance mechanism to curb inflation, but Ethereum will not
11. Base will emerge as a strong competitor to Solana and become the ultimate winner of the Rollup ecosystem
The TVL of the Base ecosystem will exceed 40 billion US dollars.
12. Base will become the main ecosystem for AI agents (and potential AI derivatives)
13. Stablecoins will become the main assets on L2
The number of L2 stablecoins issued on the chain will be twice that of ETH.
14. Stablecoins will experience explosive growth
Stablecoins are set to surpass $450 billion in market capitalization, becoming one of the top three investment categories for venture investors.
15. More than 5 large financial or traditional financial institutions will launch stablecoins in 2025
This will put pressure on existing stablecoin projects, and the growth rate of existing stablecoins will slow down.
16. More than 10 companies (banks, Web2 giants, etc.) will launch L2 networks
But most will fizzle out and eventually fizzle out. The possible exceptions are fintech companies like Robinhood.
17. Robinhood will rise in 2025 with its huge user base and blue chip stocks
By the end of 2025, the crypto industry will rank Robinhood alongside Coinbase as the two major exchanges in the United States.
18.L1 public chain investment transactions will still work
The investment funds pouring into the L1 public chain have not yet bottomed out and will continue to exist for a long time.
Sui and HyperLiquid will be the fastest dark horses in the market.
19. ICO (Initial Coin Offering) Model Will Return to the Market
Although not as popular as in 2017, the new ICO model will have better investor protection mechanisms, similar to the crowdfunding model.
5 blue chip level protocols will conduct ICO.
20. Venture capital will return, but not as much as in 2021
The scale of crypto venture capital in 2021 was US$30 billion; it is expected to be about US$20-25 billion in 2025.
At the same time, there will be more funding rounds of $50 million to $100 million.
(Note from Odaily Planet Daily: There are not many projects in this round in the industry at present, which to some extent shows that the market has not fully recovered or even reached a record high in activity.)
21. Crypto companies will start IPOs, but not on a large scale
More than 4 crypto companies are set to launch IPOs, but overvaluation in 2021 remains a hindrance on the road.
Growth equity still won’t enter this space.
22. The mainstream trend in 2025 is the deep integration of AI and encryption
The continued development of the basic large language model will continue to trigger a new round of media attention and further transform related dynamics into more AI concept tokens.
23. The AI trend will generate segmented tracks, not limited to AI Agent
Different types of AI Agents (creators, hedge fund traders, artists, etc.) will gradually enter the crypto stage.
Unsurprisingly, most AI agents are early iterations and fail to succeed.
24.TikTok will have an unprecedented impact on the crypto space
Crypto Twitter (CT) will become the exit liquidity for some TikTok tokens.
(Note from Odaily Planet Daily: This has been reflected in some of the Meme Coin projects that have performed well this year, such as Mooden and Chillguy. Compared with short videos and other media content that are highly viral, text messages on the X platform, i.e. Twitter, spread more slowly, so platform users are likely to become the receivers of Tik Tok-related Internet celebrity concept Meme coins.)
25. A major encryption bill will be passed in the United States
An updated version of the Stablecoin Market Structure Act may be signed into law in the United States.
26. Bitcoin L2 still won’t take off in 2025
We still have a long way to go to produce a truly zero-knowledge (ZK) Bitcoin L2 network.
27. The cryptocurrency industry will be widely recognized as a permanent force in American politics
Mainstream media will gradually change their previous negative or dismissive attitude towards the crypto industry and realize that the cryptocurrency industry will become an indispensable part of the American political landscape and will never disappear.
Easter egg at the end of the article: The author recommended in a previous podcast
In early October of this year, on Blockworks Bell Curve podcast, Mippo (also known as Mike) discussed the topic of The Continued Adoption of Cryptocurrency in Institutions with two other industry professionals (Framework Ventures co-founders Michael Anderson and Vance Spencer). At that time, Trumps running mate Vance had just finished the vice presidential debate with Democratic vice presidential candidate Walz, and the direction of US cryptocurrency legislation had taken an initial turn. Looking back today, two months later, there may be new discoveries and gains for reference.
Podcast link: https://blockworks.co/podcast/bellcurve/026cb1da-828c-11ef-a046-a3c247d0bbf5
