#BNB

  1. The U.S. will re-establish itself as the core center of the global cryptocurrency arena.
    Founders will return and set up offices in New York.
    The scale of cryptocurrency conferences in the U.S. will surpass that of its Asian counterparts.

  2. Over 10 DeFi protocols will eventually activate fee switches, including Uniswap.

  3. DeFi protocols will gradually adopt a business model of re-mortgaging user assets, including cross-chain bridges, LSTs, etc.

  4. The debate over Ethereum's core direction will settle.
    Despite some efforts to expand L1 (such as raising gas targets to 50M gwei and discussions on shortening block times), the roadmap will ultimately reaffirm a rollup-centric approach.
    Max's push will ultimately not succeed.

  5. This outcome will bring much-needed cohesion to Ethereum, and market sentiment will become more positive.
    Some opponents may leave the ecosystem out of disappointment.
    The price performance of ETH tokens will be good.

  6. Rollup-based solutions will fail to truly rise in 2025.
    Sufficient interoperability achieved through protocols like Across will become mainstream, but widespread synchronous composability will still be out of reach.

  7. TEE (Trusted Execution Environment) will become an important and permanent component of L2 infrastructure.

  8. Continuing last year's prediction, Solana will still be the protagonist of this cycle.
    But cracks will begin to show in 2025:
    REV (on-chain revenue) will struggle to innovate new highs due to meme coin distractions and MEV challenges.
    Extremism will rise to address these issues.

  9. Firedancer will launch in the fourth quarter, achieving 100K TPS.

  10. Solana will adjust its issuance policy to reduce inflation, while Ethereum will not.

  11. Base will become a strong competitor to Solana and stand out in the rollup ecosystem.
    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 primary holding asset on L2, with their quantity being at least double that of ETH.

  14. Stablecoins will experience explosive growth, with a market value surpassing $450 billion, becoming one of the top three investment categories for venture capital.

  15. More than 5 large fintech or traditional financial institutions will launch stablecoins by 2025, putting pressure on existing stablecoins and slowing down the growth rates of current players.

  16. Over 10 companies (banks, Web2 giants, etc.) will launch L2, but most will not make significant progress, with possible exceptions being fintech companies (like Robinhood).

  17. Robinhood will become one of the industry leaders in 2025, thanks to its large user base and strong brand.
    By the end of the year, it will be regarded as one of the two leading exchanges in the U.S. alongside Coinbase.

  18. The investment logic for L1 will still be valid and will not disappear in the short term.
    The best-performing projects will be Sui and HyperLiquid.

  19. The ICO model will make a comeback, although it will not dominate like it did in 2017.
    Investor protection will be more robust, resembling crowdfunding more closely.
    5 blue-chip protocols will conduct ICOs.

  20. Venture capital will return, but the scale will not reach the levels of 2021.
    Cryptocurrency venture capital investment was $30 billion in 2021, and it is expected to be between $20 billion and $25 billion in 2025.
    There will be more funding rounds between $50 million and $100 million.

  21. The door for crypto company IPOs will open, but there will not be a large-scale explosion.
    It is expected that more than 4 companies will go public, but the valuation pressures from 2021 will still hinder more companies from listing.
    Growth equity investments will still not enter this field.

  22. The mainstream trend in 2025 will be the combination of AI and cryptocurrency.
    The continuous advancement of foundational models will attract media attention and lead to the emergence of more AI-related tokens.

  23. The application scenarios for AI will diversify, not limited to agents.
    Different types of agents (such as creators, hedge fund traders, artists, etc.) will be attempted, but most will be in early stages and unsuccessful.

  24. TikTok will reach its greatest influence ever, and CT (Crypto Twitter) will become the exit liquidity for certain TikTok tokens.

  25. The U.S. will pass significant legislation, such as updates to market structure or stablecoin-related bills.

  26. Bitcoin's L2 will still struggle to make breakthroughs by 2025.
    Achieving a true ZK Bitcoin L2 remains a distant goal.

  27. Cryptocurrencies will be widely recognized as a permanent force in U.S. politics.
    Mainstream media will gradually change its attitude, realizing that cryptocurrencies will not disappear.