Original: Delphi Digital

Compiled by: Yuliya, PANews

In the cryptocurrency sector, 2025 is considered a critical year filled with innovation and transformation. As technology continues to evolve and the market environment changes, multiple areas are expected to see significant breakthroughs and opportunities. From the continuation of the BTC bull market to the rise of Solana, and the transition of DeFi towards DeAI, the crypto market in 2025 will exhibit unprecedented diversification. This article will explore the top 10 market trends predicted by Delphi Digital, revealing the potential evolution of the cryptocurrency industry.

1. BTC Still Has Upside Potential

Delphi Digital's cycle model had previously predicted that BTC would reach a new all-time high in Q4 2024, and the current BTC trend is consistent with this prediction.

• Each new all-time high is accompanied by the monthly RSI breaking above 70, and previous bull markets typically only end after the RSI exceeds 90.
• Based on the monthly price regression channel, BTC is still below the 1-2 standard deviation range that signals the top.
• Increased institutional interest and a more relaxed regulatory environment may be the main drivers of this bull market.

2. Solana Emerging as a Frontrunner

Solana will continue to outperform Ethereum, primarily due to its superior user experience and a better content ecosystem.

• Solana's operations are simple and intuitive, without the need for approved tokens or wrapped tokens.
• The Solana Virtual Machine (SVM) is the fastest-growing alt-vm ecosystem, with its network effects continuously strengthening. Additionally, Anza, Firedancer, and improved wallet infrastructure will further optimize the user experience.
• Solana co-founder Anatoly Yakovenko's vision is to maintain Solana's advantage even in the face of increased competition by increasing bandwidth and reducing latency.

3. NFTs Making a Comeback

The NFT market will experience a strong recovery that is not aligned with the sentiment and fundamentals.

• Although token transactions are more convenient, NFTs can achieve on-chain uniqueness encoding, and heterogeneous assets (such as art, wine, etc.) may be tokenized as NFTs.
• Some significant wealth creation events (such as the airdrops of PudgyPenguins, Milady, and Azuki) may inspire other NFT projects to follow suit.
• NFTs are more user-friendly for retail users and suitable for displaying culture and social status.

4. DeFi Evolving Towards DeAI

DeAI will fundamentally change the way users interact with DeFi.

• The front-end interface will be replaced by smart agents, allowing users to complete transactions, currency exchanges, and yield searches through natural language processing.
• In the future, most capital allocation decisions will be made by agents. griffain is a pioneer in this area, but projects like HeyAnon are rapidly emerging as DeAI players.

5. AI Agents Becoming Top Crypto Venture Capitalists

The future of trading will be dominated by AI agents, rather than human counterparties.

• Agents can monitor the market 24/7 and process more data, making trading a competition of computational power and unique data sets.
• By 2025, at least three agent frameworks will become unicorn companies with a market capitalization exceeding $10 billion.

6. High-Throughput Chains Driving Innovation

High-throughput blockchains will bring more experimentation and opportunities in 2025.

• The key projects to watch include Hyperliquid, Sui, and Monad, but other chains like Berachain also have potential.
• MegaETH is expected to compete for market share with Layer 2 networks, rather than directly with Layer 1 networks.

7. DePin Experiencing a Resurgence

If a large DePin project achieves self-sufficiency, it may trigger a re-evaluation of the entire sector and drive a "fundamental" rebound.

• DePin has disruptive potential in areas such as wireless services (Helium), network infrastructure (DoubleZero), mapping services (Hivemapper), healthcare, and grid operations.

8. zkVM Undergoing Transformative Development

• zkVM technology will improve interoperability between various Rollups, enabling seamless cross-chain interaction.
• zkVM will also expand the developer market, allowing developers to build zk applications using other languages like Rust.

9. AI Opening New Opportunities for GameFi

• AI development tools will improve the productivity of game developers.
• Projects like InWorldAI are developing AI-driven NPC services.
• Open-source projects such as the Virtuals.io game framework and the integration of Eliza with Unreal Engine and Unity may become revolutionary breakthroughs in the AI gaming domain.

10. Consumer-Centric DeFi as the Next Blue Ocean

• In 2025, on-chain finance will fully serve the crypto-native population.
• zkTLS will allow sensitive Web2 data to be brought on-chain while maintaining privacy, enabling applications like personalized agents and credit scoring.
• Revenue-sharing stablecoins will continue to expand, with better alignment of incentives between issuers and distributors.