Compiled by: Vernacular Blockchain

introduction

In 2025, the cryptocurrency ecosystem is experiencing explosive innovation. With the deep integration of DeFi, AI, and RWA (Real-World Assets), three key sectors have emerged: prediction market derivatives, AI-powered payments, and yield-generating stablecoins. These areas have not only attracted massive capital infusions but also driven the transition from binary options to autonomous economies.

According to the latest data, monthly trading volume in the prediction market has exceeded $1 billion. AI proxy protocols such as AP2 are reshaping payment infrastructure, and yield-generating stablecoins, offering APYs of 4%-25%, are becoming the new cornerstone of DeFi. This article will analyze these trends and their potential projects, revealing how they are driving scaling effects in the crypto economy.

1. Prediction Market Derivatives: From Binary Options to Complex Financial Instruments

Prediction markets have leapt from fringe narrative to mainstream force. Polymarket, valued at nearly $10 billion, is seeking a new round of funding that could push its valuation even higher. Kalshi, led by Paradigm, has raised $185 million at a valuation of $2 billion. With monthly trading volume exceeding $1 billion, the industry is far from a niche market.

While the current model is primarily based on binary options (yes/no), the derivatives layer is integrating with DeFi, giving rise to complex products such as margin trading, perpetual contracts, AI-powered prediction markets, cross-market arbitrage, and automated market makers. In the future, events like economic data, sporting events, and cryptocurrency pre-sales will amplify exposure and create economies of scale. For example, sports betting already accounts for 40% of Polymarket's trading volume.

Potential projects:

@gondorfi: Providing borrowing and leverage tools to amplify positions on platforms like Polymarket, supporting high-risk, high-reward strategies.

@meleemarkets: The "PumpFun" of prediction markets, focusing on quick event betting and lowering the barrier to entry.

@polldotfun: A social prediction market that allows friends to bet on any event, enhancing community interaction.

@TalusNetwork: Introduces AI Agent infrastructure, supports inter-agent game competitions, and integrates AI prediction logic.

These projects are building a "DeFi 2.0" for prediction markets, which is expected to attract institutional capital and double trading volume.

2. AI Agent Payment: The Last Mile of the Agent-to-Agent Economy

AI-powered payments will be a key focus of AI+cryptocurrency in 2025. Google, in collaboration with 60 partners, launched the AP2 protocol, which enables trusted payments between agents through authorization mechanisms and verifiable credentials (VCs). It supports credit cards, stablecoins, and real-time transfers. Coinbase and the Ethereum Foundation have also developed the x402 Crypto payment component, enabling agents to seamlessly process stablecoins and other assets, enabling instant micropayments based on the HTTP 402 status code.
AP2 integrates the MCP and A2A protocols, building the payment infrastructure for the Agent-to-Agent economy and enabling a full chain of AI-powered analysis, execution, and payment. This paves the way for AgentFi's explosive growth, and is expected to unlock a trillion-dollar AI economy.

Potential projects:

@GoKiteAI: Led by PayPal Ventures, this L1 chain is designed specifically for Agent payments, supporting Kite Passport authentication, PoAI proof of contribution, and Agent App Store integration. The ecosystem TVL is approximately $1 billion (Note: actual financing is $18 million, with a total of $33 million).

@firecrawl_dev: An open source crawler tool invested by Y Combinator that converts websites into LLM-ready data and supports agent data collection.

@trySkyfire: Coinbase led the investment, with participation from a16z. The company provides an open protocol for payment and authentication for AI agents, supporting access to websites and MCP servers.

These projects are accelerating the monetization of the Agent economy, and it is expected that the transaction volume between Agents will exceed 10 billion by the end of 2025.

3. Yield-generating Stablecoin Investment: DeFi’s New Infrastructure

Yield-generating stablecoins have become a hot commodity. Ethena Labs' liquidity continues to grow, with USDe's market capitalization exceeding $6 billion. Plasma's TGE performance exceeded expectations, with XPL's market capitalization reaching $1.61 billion. FalconStable is also attracting significant attention, with its FFToken set to be listed on KuCoin on September 29th, focusing on general-purpose collateralized stablecoins.

By integrating DeFi (lending, liquidity mining) and RWAs (U.S. Treasuries and corporate bonds), these stablecoins offer holders a 4%-25% APY, balancing dollar peg with sustainable returns. Ultimately, "storing" will become a risk-free farming strategy, driving DeFi's TVL back to trillions.

Potential projects:

@yieldbasis: First launched on Kraken Launchpad, the latest work by Curve founder Michael Egorov, the IL-free AMM mechanism solves Impermanent Loss, and the 2025 backtested APR reaches 14.87%.

@USDai_Official: Framework/Dragonfly has raised over $13 million in funding. It is the first yield-bearing stablecoin to tokenize AI computing power revenue, converting GPU usage fees into on-chain dividends, with a TVL of $110 million.

@capmoney_: A stablecoin farming aggregator and optimizer, deeply integrated with the MegaETH ecosystem. Its Cap Frontier points acceleration system improves revenue efficiency.

@Theo_Network: Full-stack RWA platform, Hyperliquid mainnet T-Bill RWA stablecoin, integrated decentralized node system, community anticipation for $HYPE airdrop.

These projects are seamlessly integrating RWA with DeFi and are expected to reach a 50% market share.

in conclusion

Prediction market derivatives, AI-powered payments, and yield-generating stablecoins are collectively reshaping the crypto landscape in 2025: the former amplifying event-driven trading, while the latter unlocking the AI ​​economy and passive income. Institutional entry (such as Paradigm and PayPal Ventures) and favorable regulations (such as CFTC approval) are further catalyzing growth. Investors should focus on promising projects and invest early to capture scale.

However, caution is advised regarding liquidity risks and regulatory uncertainties—the crypto world presents both opportunities and challenges. In the future, these sectors may contribute trillions of dollars in market capitalization, driving the transformation of Web3 from speculation to practical application.

Link to this article: https://www.hellobtc.com/kp/du/10/6060.html

Source: https://x.com/tmel0211/status/1972594210105913383