2025 Cryptocurrency Market Outlook

According to the latest research report from authoritative industry organizations, the Crypto Assets market will present the following major trends and characteristics by 2025:

Macroeconomic Environment

The year 2025 will be a crucial year for the reform of U.S. crypto policy. Some important regulatory bills are expected to be introduced, which will promote the transparency and standardization of global crypto regulatory policy frameworks. However, there is still uncertainty regarding the direction of the new government's crypto policy.

The market expects the trend in 2025 to be "banana-shaped": a new high in the first half, a significant adjustment in the second quarter, followed by a recovery and a new annual high in the second half.

Institutional Trends

The boundaries between financial technology, payments, and Crypto Assets are gradually becoming blurred. Institutional investors are primarily focused on artificial intelligence and decentralized physical infrastructure (DePin), with funding in these two sectors increasing by approximately 100% and 300% compared to last year.

It is expected that the U.S. government may consider cooperating with the DePin project by 2025.

User Distribution

It is estimated that there are currently 30 million to 60 million active Crypto Assets users. Users are mainly distributed across some mainstream wallets, stablecoins, social platform mini-programs, prediction markets, and emerging Layer 2 networks.

The growth of on-chain users in 2025 will rely more on the product strength of decentralized applications (Dapp), rather than just favorable news such as Bitcoin hitting new highs. Chain abstraction and aggregation frontends are expected to gain wider adoption in 2025.

Major Track Analysis

Bitcoin

• Inscription/Rune technology may revive under new consumer chains, NFT platform support, and other stimulating factors.
• The technology related to the programmability of Bitcoin will make progress.
• The BTC staking project will focus on increasing penetration among BTC holders.

Ethereum

• The position of ETH spot ETF is more solid after approval.
• The Ethereum ecosystem is still the most comprehensive, but lacks outstanding performance at the application layer.
• In 2025, pay attention to whether it can launch a high-performance parallel solution comparable to Solana.

Solana

• A new client and governance protocol will be released in 2025, and more large-scale DePin projects may be launched.
• AI Agent related applications may thrive on Solana.
• The SOL spot ETF is expected to be approved.

other public chains and infrastructure

• A new high-performance public chain will join the competition.
• Excess supply of block space, increased voice of developers
• Modular public chain transformed into a cross-chain coordination layer
• The new generation of high-performance Layer 2 networks is about to debut.
• Chain abstraction technology accelerates the transition from concept to productization

DeFi

• Perpetual contract DEX is expected to catch up with the market share of spot DEX.
• The on-chain development of real-world assets ( RWA ) will proceed along two main lines: tokenization and exporting on-chain yields.
• New solutions have emerged in the field of points finance and anti-MEV.

AI x encryption

• The rise of AI project coin issuance platforms
• Decentralized computing power training has made progress
• The AI Agent will be implemented on-chain.

DePin

• Divided into two main categories: Physical Resource Network ( PRN ) and Digital Resource Network ( DRN ).
• Multiple potential projects have emerged in the subfields of new energy, geographic information, and storage.
• Solana's dominance in the DePin space may face challenges.

consumer applications

• Web3 game mechanics have shifted from Play2Airdrop to Pay2Airdrop
• The Meme coin launch platform is trending towards gamification and personalized design.
• The NFT market may see a revival, with some projects planning to launch dedicated consumer chains.

Overall, the crypto market in 2025 will exhibit more diversified and mature characteristics. Regulatory policies, institutional participation, technological innovation, and user demand will jointly drive the industry forward. Investors and practitioners need to closely monitor trends in various segments and seize potential opportunities.