Source: cryptoslate
Compiled by: Blockchain Knight
According to a recent report by MV Global, decentralized science (DeSci) is expected to see significant growth by 2025, driven by the push for practical memecoins.
DeSci involves integrating blockchain technology into scientific research. Its goal is to fundamentally transform the traditional scientific ecosystem through increased transparency, decentralization, and collaboration.
The report emphasizes that while the concept is not new, the focus and scope of these initiatives have evolved.
Initially, most projects were focused on providing research funding through decentralized autonomous organizations (DAOs). Well-known examples include VitaDAO, HairDAO, and AxonDAO, which still have a significant impact in the DeSci space.
However, the field has undergone a major transformation, becoming more diversified.
The report highlights a variety of use cases from around 30 active projects, including research funding, health data management, and open-source research programs.
The report notes that this diversification reflects the increasing maturity and adaptability of the DeSci ecosystem.
The goal of DeSci is to establish a more inclusive and equitable scientific ecosystem, enabling researchers and communities to collaborate and innovate without the constraints of central authorities.
The report identified a trend for 2024: the emergence of DeSci-dedicated memecoins.
While most projects have had limited success, two projects, Rifampicin and Urolithin A, have seen significant development, with market capitalizations of around $73 million and $59 million, respectively.
These tokens were launched on the Pump.Science platform and, according to MV Global's assessment, have far greater utility than traditional memecoins.
The tokens are directly linked to scientific experiments, representing specific compounds or interventions tested on organisms such as worms, flies, and mice.
These tokens can serve as a funding mechanism for research, provide real-time updates on experimental progress, and facilitate transactions based on research outcomes.
Token holders can even sell the rights to successful interventions, establishing a tangible link between token ownership and real-world scientific progress.
MV Global expects Pump.Science to see significant expansion in 2025, with at least 10 projects expected to have a market capitalization of over $100 million by the end of the year.
MV Global also predicts that health data management and open-source collaborative research will see substantial growth in 2025.
Projects like Hippocrat, which empowers individuals to control their health data, and ResearchCoin, which aims to create a "GitHub for scientific research," are promising prospects.
By 2025, these two projects are expected to have a market valuation of at least $200 million.
The report also forecasts a significant increase in DeSci projects, with at least 50 expected to be launched by the end of 2025. This growth reflects the positive market sentiment and increased liquidity in the industry.
