Author: Mippo Source: X, @MikeIppolito_ Translation: Shan Ouba, Golden Finance
1. The United States will re-emerge as the global cryptocurrency center
The founder will return to the United States and open an office in New York. The scale of crypto conferences in the United States will exceed that of their Asian counterparts.
2. More than 10 DeFi protocols will turn on the fee switch
Uniswap will be one of them.
3. DeFi protocols will increasingly adopt the re-pledge (re-pledge) of customer assets as a business model
covering cross-chain bridges, liquidity pledge tokens (LST), etc.
4. Ethereum’s debate on direction will be settled
There will be limited efforts to scale Ethereum Layer 1 (L1) (Gas target reaches 50 million gwei, and discussions around shortening block times heat up), but the development path centered on Rollup will be confirmed in the end. Max’s (Ethereum core developer) push will ultimately fail.
5. The Ethereum ecosystem will gain much-needed cohesion and market sentiment will become more positive
Some dissenters will leave the ecosystem due to frustration. ETH token price will perform well.
6. Basic Rollup will not really take off in 2025
Cross-chain protocols (such as Across) will provide sufficient interoperability. There is still no sign of achieving universal synchronous composability.
7. Trusted Execution Environments (TEEs) will become an integral (and eventually permanent) component of L2 infrastructure
8. 2025 will still be the Solana cycle
But cracks will appear in 2025. REV (yield) will have difficulty reaching new highs due to meme coin fragmentation and miner extractable value (MEV) issues.
Extremist ideologies will rise in response to these issues.
9. Firedancer will be released in the fourth quarter, and Solana TPS will reach 100,000
10. Solana will adjust its token issuance policy to reduce inflation, while Ethereum will not
11. Base will emerge as Solana’s main competitor and become the winner of the Rollup ecosystem
The total assets on Base will exceed $40 billion.
12. Base will become the dominant chain for AI agents (and potential AI branches)
13. Stablecoins will become the main assets held on the L2 chain
The number of stablecoins will be at least twice that of ETH.
14. Stablecoins will see explosive growth
The total market value will exceed $450 billion. Stablecoins will become one of the top three categories of VC investment.
15. In 2025, more than 5 large fintech or traditional financial institutions will launch stablecoins
This will put pressure on existing stablecoins, and the growth rate of existing stablecoins in the market will slow down.
16. More than 10 companies (banks, Web2 giants, etc.) will launch L2 networks
Most of these projects have done nothing and failed to make significant progress. Possible exceptions are fintech companies (such as Robinhood).
17. Robinhood will become one of the industry leaders in 2025
With its large user base and blue-chip brand, Robinhood will rise. By the end of the year, the industry will rank Robinhood alongside Coinbase as the top two exchanges in the United States.
18. L1 trading will still work, and this trend is not over yet
The fastest "dark horses" will be Sui and HyperLiquid.
19. The ICO wave will reappear, but it will not dominate the market like in 2017
The investor protection mechanism will be improved and more like crowdfunding. Five blue-chip protocols will conduct ICOs.
20. Venture capital will return, but not as much as in 2021
• Total crypto venture capital in 2021: $30 billion
• Estimated investment in 2025: $20-25 billion
There will be more $50-$100 million rounds.
21. Crypto companies will open the door to IPOs, but there will not be a large-scale outbreak
There will be 4+ companies IPO, but the high valuations in 2021 will still drag down the pace of more companies going public. Growth equity investment will still not enter the crypto field on a large scale.
22. The trend that will dominate the market in 2025 is the integration of AI and encryption.
Continued progress in basic models will attract media attention, which will give rise to more AI concept coins.
23. The AI wave will continue and go beyond simple AI agents.
Different types of AI agents will be tried (content creators, hedge fund traders, artists, etc.). Most projects will be in the early stages and end in failure.
24. TikTok's influence will reach unprecedented heights in 2025.
Crypto Twitter (CT) will become the "taker" of some TikTok cryptocurrencies.
25. The United States will pass important cryptocurrency legislation
An updated version of the Market Structure or Stablecoin Act will be passed and signed into law.
26. Bitcoin L2 failed to make substantial progress in 2025
There is still a long way to go before a true zero-knowledge (ZK) Bitcoin L2.
27. Cryptocurrency will be widely seen as a force to be reckoned with in US politics
The mainstream media (MSM) will gradually change their stance and begin to realize that cryptocurrencies are not going away.
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