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Starting from the meme fever, the 2024 will come to an end with the election of the first crypto president. This year, Crypto has experienced an extremely unusual "bull market", with altcoins performing weakly, MEME volume being supreme, and ultimately everything flowing back to BTC. Overall, although there have been some low points and dissatisfaction, Crypto is indeed moving in a more positive direction. In the coming 2025, we also have many directions worth focusing on, and in this article we will combine recent views to make a brief outlook for next year.
Source:
https://foresightnews.pro/article/detail/75011
Author:
Zeke
Viewpoint:
YBB Capital: AI: For Ethereum to attract new users, ecosystem alignment is the biggest prerequisite. The solution that can first solve this problem is only the AI browser proxy. In addition to becoming a better experience-oriented solution, the AI browser proxy will also drive the outbreak of AI wallets, decentralized computing power, and decentralized data projects. Proxies require a large amount of manual labeling and feedback, and the reasoning process is expensive, but Crypto naturally has the ability to obtain labor through incentives. In this economic system, top-level users can obtain a large amount of labeled data and feedback through decentralized means to obtain Tokens, and the bottom layer can also integrate decentralized computing power and data projects, and after training, they can be integrated with wallets and DeFi projects through SDKs to achieve a truly AI wallet, and finally form a closed loop. Stablecoins: This year, several giants in the traditional finance sector have entered the stablecoin market, including PYUSD launched by PayPal, USDb co-launched by BlackRock and Ethena, and AUSD launched by VanEck. As Tether and Circle continue to deepen their dominance in this track, new entrants in the stablecoin issuance market are also gradually differentiated into two categories. First, the issuers of fiat-backed stablecoins are beginning to turn their attention to emerging markets, mainly in South America, and specific application scenarios, while algorithmic stablecoins are also generally shifting to low-risk financial products as underlying assets. From the trend, next year there will be more Delta-neutral stablecoins competing for the short-term liquidity in Cex, and the hedging assets will gradually expand from BTC and ETH to the tokens of public chains with higher risk and lower liquidity to compete for the remaining downward market. Payments: With the compliance and accelerated adoption of various national stablecoins, the payment track downstream of stablecoins will also become a new focus of competition, and high-TPS, low-Gas heterogeneous public chains such as Solana and Move will become the main infrastructure for payment applications. The two main transformations that blockchain can provide are often mentioned: one is to optimize cross-border payments, eliminate the requirement for pre-financing, and make cross-border remittances faster, cheaper and easier, solving the problem of tens of trillions of dollars in pre-paid funds in traditional systems; the other is to serve emerging markets, the application value of stablecoins has already been demonstrated in regions such as Asia, Africa and Latin America, and their strong financial inclusiveness allows residents of third-world countries to effectively cope with the high inflation caused by government instability, participate in some global financial activities, and subscribe to and use the world's most cutting-edge virtual services. Dex: The development path of Layer2 has the problem of excess block space, that is, the development of Infra is far better than that of Dapp. The lack of killer apps is still a reality to be faced next year. The demand related to AI Agents may be a way out in the future, and in the short term, the more obvious trends are on-chain order book Dex, privacy, payment-related stacks, and decision-making tools, and I am personally more optimistic that on-chain order book Dex will become the mainstream of the next generation of Dex. Asset issuance is still the main theme: From 2023 to the present, from meme to AI MEME platform, the way of asset issuance has been the hotspot of the past year. In fact, asset issuance has been the only theme in the crypto circle since the ICO era, only the external packaging and the issuance threshold are changing. From a positive perspective, the gaming needs of users have driven the advanced development of Infra and DeFi, and as this technology becomes known and recognized by the public, blockchain can enter the mainstream and integrate with reality. From a negative perspective, this game has become more pure and absurd, and the decline in the difficulty of asset issuance also means that this dark forest is more dangerous. Let the gamblers gamble, and let the builders move forward, which is the premise for blockchain to continue to develop. Next year, we may see more versions of "ICO", but I hope that in this feast of gambling, we can push forward the next "DeFi Summer".
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