🌟 Research institution Messari recently released its annual report (The Crypto Theses 2025), providing a comprehensive description and prediction of the crypto industry's historical development in 2024 and trends for 2025. Here are some key highlights:

🔹 The Future of Bitcoin (BTC):

BTC is expected to mature as a global asset next year, becoming the main choice for institutional investors.

🔹 The Continued Popularity of Meme Coins:

Meme coins, as a speculative outlet, will continue to attract users, especially on high-throughput networks like Solana and Base.

🔹 Macroeconomic Environment:

The economic trends in 2024 have broken most pessimistic expectations, with the U.S. economy showing unexpected resilience, providing strong support for crypto assets.

🔹 Comprehensive Entry of Institutional Funds:

The approval of Bitcoin and Ethereum ETFs marks the formal recognition of the crypto asset class, and the influx of institutional funds is no longer just talk.

🔹 Evolution of Trading Infrastructure:

User-friendly trading platforms like Moonshot and Pump.fun have simplified the operational processes for retail traders, attracting a large number of new retail investors.

📢 Interpreting Messari's 2025 Outlook for the Crypto Industry: Ecosystem Expansion, AI Trends Intertwined with Traditional Financial Interests

🔹 Ecosystem Expansion:

MetaDAO Prediction Market: The emerging Solana L2 ecosystem is worth watching.

AI Trends: The Solana ecosystem not only embraces AI x Crypto but also leads this trend.

🔹 Traditional Financial Interests:

ETF Trends: Solana will be the fastest horse, and the launch of a spot Solana ETF in the next year or two seems inevitable.

Increased Competition: A new wave of Layer 1 blockchains (such as Monad, Berachain, and Sonic) is expected to emerge next year.

🔹 Other L1 + Infrastructure 2025 Outlook:

New Blockchains: Monad and Sonic have accumulated substantial funding to attract developers as two general-purpose, high-throughput, 'holistic' L1 releases.

Interoperability: Focus on Across, Espresso, Omni Network. Almost all infrastructure protocols will adopt ZK technology.

🔹 DeFi 2025 Outlook:

Development of Base and Solana: The market share of Solana and Base DEX continues to grow.

Prediction Markets: Trading volumes may decline, but other protocols must be able to provide relevant markets for speculators to continue their activities.

🔹 AI X Crypto 2025 Outlook:

Bittensor and Dynamic TAO: Bittensor is not just a speculative 'AI coin casino' but a platform capable of attracting serious AI developers.

Decentralized Model Training: More experiments in small and specialized model domains are expected next year.

🔹 DePIN 2025 Outlook:

Energy DePIN: By 2025, energy DePIN is expected to build supply-side infrastructure worth $50-150 million, generating demand-side sales of up to $50 million.

Wireless Domain: As Helium Mobile continues to grow and DAWN launches its mainnet in 2025, the wireless domain will solidify its position as a groundbreaking use case in DePIN.

🔹 Consumer Applications 2025 Outlook:

Airdrop Strategies: Playing airdrops will continue to be a primary way to attract players into the game. The 'paid airdrop' strategy will become the new standard in 2025.

Mobile Applications: Will become a decisive trend in 2025.

🔹 CeFi 2025 Outlook:

Exchange Integration: We will continue to see the integration of on-chain and off-chain services. Coinbase and Kraken aim to onboard as many people as possible to their L2 by 2025, and incentives may be provided for this.

Stablecoins