9 Narratives That Could Lead the Next Crypto Cycle 🚀 Crypto is a market that thrives on narrative. Price fluctuations aren't solely driven by charts, but by the narrative being believed. Currently, many people are asking the question: What narrative will drive the next Bull cycle? Has crypto run out of ideas? According to Matt Hougan's summary: Crypto still has plenty of narrative to play with. Here are 9 narratives worth watching for the next cycle 👇 1️⃣ Revenue – Projects that generate real money Currently, the entire blockchain industry is generating approximately $7-8 billion in revenue annually. As crypto enters the mainstream, this figure could scale to hundreds of billions of dollars. 👉 In the next cycle, projects with genuine on-chain revenue will be scrutinized very closely. This will be a major focus of the next cycle. 2️⃣ AiFi – AI + DeFi AI agents don't need bank accounts. What they need is crypto, stablecoins, and DeFi. 👉 This narrative is still very early on, and its scale is difficult to imagine at this point. 3️⃣ Fading Fiat – The weakening of fiat currency Fiat currency continues to be eroded by inflation. When confidence wavers, money will flow towards hard money. 👉 And Bitcoin is the first name that comes to mind. 4️⃣ Institutional Adoption – Institutional Cash Flow Institutional money flowing into crypto isn't a 1-2 year trend. This is a 10-year mega-trend. Patience is needed. > Ongoing And the scale is measured in trillions of USD. 5️⃣ Regulation – Legal Progress Many people haven't seen the impact yet, but the reality is: The Genius Act won't take effect until 2027. The CLARITY Act is still under development. 👉 Once these legal frameworks are fully implemented, investment Capital and mass adoption will increase in a hockey-stick fashion. 6️⃣ Stablecoin Supercycle – The Supercycle of Stablecoins Stablecoin AUM is currently around $300 billion - that sounds big, but it's not the peak yet. 👉 In the long term: Scale up to trillions, becoming the backbone of the global payment system. 7️⃣ Tokenization - Tokenize assets Currently, only about $20 billion worth of assets have been Tokenize. While: Global stock market: $120 trillion > Bonds: $140 trillion > Real estate: $300 trillion 👉 That means less than 0.1% of assets have been moved onto on-chain. It's still very early days. This narrative is just beginning. 8️⃣ DeFi Resurgence - The Return of DeFi In reality, we've only scratched the surface of DeFi. When: Tokenize assets Optimal protocol for tokenomics The legal framework is becoming increasingly clear. 👉 DeFi could be 100 times bigger than it is now. 9️⃣ Ethereum's "Steve Jobs Moment" Vitalik is returning his focus to Ethereum. It feels quite similar to Steve Jobs returning to Apple in 1996. 👉 ETH may be preparing to enter a whole new chapter. 🧠 In conclusion Not every narrative will succeed. The road ahead will certainly be volatile, full of adjustments and still fraught with risks. But if we zoom out beyond the current correction phase, the next few years of crypto are still well worth waiting for. What narrative are you guys betting on for the next cycle? 👇

Top 7 Narratives: Which projects will change the market in 2026? (Part 1)

Top 7 Narratives: Which projects will change the market in 2026? (Part 2)