Author: Mippo Source: X, @MikeIppolito_ Translator: Shaneuba, Jinse Finance
1. The US will re-emerge as the global center of cryptocurrencies
Founders will return to the US and set up offices in New York. The scale of crypto conferences in the US will surpass that of their Asian counterparts.
2. More than 10 DeFi protocols will turn on their fee switches
Uniswap will be one of them.
3. DeFi protocols will increasingly adopt the re-pledging (re-collateralization) of client assets as a business model
Covering cross-chain bridges, liquidity staking tokens (LSTs), etc.
4. The debate over the development direction of Ethereum will be settled
There will be limited efforts to expand on the Ethereum Layer 1 (L1) (Gas target reaching 50 million gwei, discussions around shortening block times will heat up), but the Rollup-centric development path will ultimately be confirmed. Max (Ethereum core developer)'s push will not succeed in the end.
5. The Ethereum ecosystem will gain the much-needed cohesion, and market sentiment will become more positive
Some dissenters will leave the ecosystem due to a sense of frustration. The ETH token price will perform well.
6. Basic Rollups will not truly take off by 2025
Cross-chain protocols (like Across) will provide sufficient interoperability. Achieving widespread composability remains elusive.
7. Trusted Execution Environments (TEEs) will become an indispensable (and ultimately permanent) component of L2 infrastructure
8. 2025 will still be the cycle of Solana
But cracks will emerge in 2025. Due to the fragmentation of meme coins and Miner Extractable Value (MEV) issues, REV (revenue) will struggle to reach new highs.
Extremist ideologies will rise to address these issues.
9. Firedancer will be released in Q4, and Solana TPS will reach 100,000
10. Solana will adjust its token issuance policy to reduce inflation, while Ethereum will not
11. Base will emerge as Solana's main competitor and the winner of the Rollup ecosystem
Total assets on Base will exceed $40 billion.
12. Base will become the dominant chain for AI agents (and potential AI offshoots)
13. Stablecoins will become the primary assets held on L2 chains
The amount of stablecoins will be at least double that of ETH.
14. Stablecoins will experience explosive growth
The total market cap will exceed $450 billion. Stablecoins will be one of the top three investment categories for VCs.
15. By 2025, more than 5 major fintech or traditional financial institutions will launch stablecoins
This will put pressure on existing stablecoins, and the growth rate of the current stablecoin market will slow down.
16. More than 10 companies (banks, Web2 giants, etc.) will launch L2 networks
Most of these projects will be ineffective and fail to make significant progress. A possible exception is fintech companies (like Robinhood).
17. Robinhood will become one of the industry leaders by 2025
Leveraging its massive user base and blue-chip brand, Robinhood will rise. By the end of the year, the industry will put Robinhood on par with Coinbase as the two leading exchanges in the US.
18. L1 trading will still be effective, and this trend has not yet ended
The fastest "dark horse" will be Sui and HyperLiquid.
19. The ICO wave will reappear, but will not dominate the market as it did in 2017
Investor protection mechanisms will be improved, resembling more of a crowdfunding model. Five blue-chip protocols will conduct ICOs.
20. Venture capital will return, but the scale will not be as large as in 2021
• Total crypto venture capital in 2021: $30 billion
• Estimated investment in 2025: $20-25 billion
There will be more funding rounds in the $50-100 million range.
21. Crypto companies will open the door to IPOs, but there will not be a large-scale outbreak
There will be more than 4 companies that go public, but the high valuations of 2021 will still hinder more companies from listing. Growth-stage equity investments will still not enter the crypto space on a large scale.
22. The dominant trend in 2025 will be the fusion of AI and crypto
The continuous progress of base models will attract media attention, leading to the creation of more AI-themed tokens.
23. The AI wave will continue and go beyond simple AI agents
Different types of AI agents will be experimented with (content creators, hedge fund traders, artists, etc.). Most projects will be in the early stages and will end in failure.
24. TikTok's influence will reach unprecedented heights by 2025
Crypto Twitter (CT) will become the "bagholders" of some TikTok crypto coins.
25. The US will pass significant crypto legislation
An updated version of the Market Structure or Stablecoin Act will be passed and signed into law.
26. Bitcoin L2 will not make substantial progress by 2025
There is still a long way to go before the realization of true Zero Knowledge (ZK) Bitcoin L2.
27. Cryptocurrencies will be widely seen as an undeniable force in US politics
The mainstream media (MSM) will gradually change their stance and start to recognize that cryptocurrencies are here to stay.
