Chainfeeds Digest:
Asia, with its highly digitalized society, rapidly growing economy, and openness to new technologies, will play a core role in this transformation. The Chinese version was compiled and published by TechFlow.
Source:
https://www.techflowpost.com/article/detail_22427.html
Author:
Hashed
Viewpoint:
TechFlow: Review and summary of 2024 investment propositions 1) Infrastructure building for large-scale blockchain application: The trading volume and user base of stablecoins have grown significantly. Monthly active addresses have increased from 10 million in 2022 to 25 million in 2024, a 150% growth. This growth is unrelated to market volatility, demonstrating the strong market demand and stickiness of stablecoins. The Layer 3 chain B3, focused on the gaming scenario, reached 1.8 million active accounts and 110 million operations in just 4 months, a growth rate 7 times that of Ethereum in its early days. This indicates revolutionary progress in the scalability and usability of new blockchains. 2) Consumer-oriented products are becoming more mature AI has become a core trend in the crypto field. According to Kaito data, in November 2024, AI-related narratives accounted for 45%, surpassing all other topics and becoming the dominant trend in the industry. This verifies the huge potential of the combination of AI and blockchain in both technology and the market. 3) The integration of traditional finance and blockchain The tokenization of RWAs attracted billions of dollars in institutional capital inflows in 2024. Industry giants like BlackRock and Franklin Templeton have driven this trend and plan to continue it into 2025. This development marks a further expansion of blockchain's influence in the traditional finance sector. New standards like Ordinals and Runes have driven a significant increase in Bitcoin network activity, which now accounts for 60% of Bitcoin transactions. Bitcoin's functionality is gradually extending towards DeFi, bringing more application scenarios.
Blockworks: 1) Multi-product DeFi platforms will take significant market share from single-product DeFi. 2025 will lay the groundwork for dominant DeFi super-apps. 2) AI Agent Creators, with their scale and superior adaptability, will gain mainstream attention and outperform human content creators. Tokens attached to these creators will be a key driver of attention. AI Agent capital formation should accelerate greatly, with Agents generating meaningful investment returns through their on-chain token holdings. 3) Despite market skepticism, new EVM chains may succeed in 2025. They offer both huge profit opportunities and meaningful technical innovations that have already attracted genuine developer activity. 4) Ethena is poised to be a major winner in 2025, especially as interest rates decline and investors seek higher yields. Modular lending protocols like Morpho and Euler will gain market share as Aave's stable borrowing rates remain high. 5) Driven by higher on-chain yields, stablecoin market cap will exceed $300 billion. Regulation will lead to different regional winners. 6) Base may surpass Solana in 2025 due to its growth momentum, developing DeFi ecosystem, upcoming scalability improvements through Reth, and significant distribution advantage through Coinbase's active user base.
