The diversified narrative of the crypto market has begun to take shape in early 2025. From the rapid rise of DeSci to the redefinition of the AI Meme sector, and the continuous expansion of the on-chain ecosystem, the market is undergoing profound structural changes. The active on-chain capital, the continuous influx of institutional capital, and the optimization of macroeconomic policies have provided more growth opportunities for the market.
In 2024, the on-chain transfer value first exceeded $100 trillion, becoming a market confidence indicator
The significant flow of on-chain capital has proven the resilience of the market. According to Bitget's data statistics on January 3, 2025, BTC had a net inflow of $200 million in the past 24 hours, and the US BTC ETF had a single-day inflow of over $48.6 million, with a total holding scale of $106.7 billion. The on-chain transfer value exceeded $100 trillion for the first time in 2024, a 3-fold increase in transaction volume compared to 2021.
Meanwhile, in the derivatives market, the net inflow of capital into mainstream assets such as $BTC, $SOL, and $ETH has been outstanding, indicating investors' optimistic sentiment about the market recovery. The on-chain activities of the DeSci and AI Meme sectors have also continued to increase, injecting more vitality into the ecosystem development. The synchronized growth of on-chain capital flow and ecosystem activity indicates that the market is entering a new round of expansion, and on-chain data has become an important indicator for observing market confidence.
The DeSci craze sweeps the market: the core driving force of on-chain innovation
The decentralized science (DeSci) sector has become the focus of the market at the beginning of the new year. On January 2, 2025, $BIO was successfully launched, attracting great market attention. Subsequently, related tokens such as $SCIHUB, $RIF, and $WORM quickly rose, indicating that the DeSci concept is gradually entering the vision of mainstream investors.
DeSci, by leveraging blockchain technology, is reshaping the models of research funding and knowledge sharing, with a focus on improving transparency and efficiency, attracting a large influx of capital. The top-tier So Labs predicted in their social media forecast on January 2, 2025 that the narratives of DeSci, real-world assets (RWA), and AI agents will continue to heat up in 2025, providing a solid foundation for the wider application of blockchain technology.
The rise of DeSci demonstrates the great potential of blockchain technology in the field of scientific research, and it may not only attract more traditional research funding, but also become a new growth point for on-chain innovation in the future.
The differentiation and redefinition of AI Meme and Agent is a manifestation of the market becoming more rational
The AI Meme and Agent sectors have shown significant differentiation recently. In early January 2025, the popular tokens $AIXBT and $VIRTUAL experienced corrections, while $FARTCOIN and $ACT rose against the trend. Among them, $COOKIE broke through a $100 million market cap on January 1, 2025, and then retreated slightly, but its value in AI data services and ecosystem expansion is still widely concerned.
The market performance of AI Meme is undergoing a transformation from speculation to value. Unlike the early projects that relied on exchange listings, projects with long-term application potential and ecosystem foundations are gradually taking the lead. This trend indicates a redefinition of the valuation logic in the market, and investors are more inclined to support projects with real technological strength.
Policy improvements and the return of liquidity may inject new momentum into core assets
The Chapter 11 reorganization plan of FTX officially took effect on January 3, 2025, and is expected to initiate the first round of debt repayment within the next 60 days, which will release some liquidity and provide marginal improvement for the market. However, the Federal Reserve's pace of rate cuts in 2025 may be lower than expected, and the US dollar index has recently hit a new two-year high, exerting short-term pressure on risk assets like BTC.
At the same time, assets that comply with the ISO 20022 standard, such as XRP, have attracted more institutional attention due to their compliance and global payment potential. This trend indicates that under macroeconomic pressure, assets with strong application scenarios have greater resilience. Even if macroeconomic pressure may suppress market performance in the short term, policy improvements and the return of liquidity will create new growth momentum for core assets.
Some of the above views are from Matrix on Target, contact us to get the full Matrix on Target report.
Disclaimer: The market has risks, and investment requires caution. This article does not constitute investment advice. Digital asset trading may have great risks and instability. Investment decisions should be made after carefully considering personal circumstances and consulting financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.
