Research institution Messari released its six major cryptocurrency market predictions for 2025 on its X platform, covering a variety of areas including the rise of Layer 2, the bubble of AI frameworks, and the reshuffling of PFP projects, revealing key turning points that may occur in the market over the next year. (Background: The frenzy and cold reflection of meme coins: Will 2025 still be a myth or a bubble?) (Supplementary background: Which tracks do the top 10 crypto venture capitals favor in 2025?) Yesterday, the well-known crypto data and research institution Messari released its six major cryptocurrency market predictions for 2025 on its X platform, covering the market trends of Layer 2 blockchains, AI application frameworks, and mainstream cryptocurrencies. 6 hot takes for 2025 — Messari (@MessariCrypto) December 31, 2024 These trends reveal significant events and focuses that may impact the market in the coming year. Here are the key points from Dongqu's summary. 1. The Hyperliquid craze ends Messari predicts that the market performance of Hyperliquid may have peaked. Despite its current FDV (fully diluted valuation) of approximately $27 billion, which is 1/4 of Solana and half of Coinbase's market cap, as well as close to the FDV at the peak of FTX, market attention towards it peaked in the fourth quarter of 2024. Its dominance may face challenges in the future. 2. VIRTUAL surpasses TAO The VIRTUAL project in the AI field is expected to surpass TAO in FDV in the first quarter of 2025. TAO faces token unlocking pressure of up to $3.3 million daily, while VIRTUAL is attracting market re-evaluation as more funds are locked in agent liquidity pools and consumed for AI inference. 3. Pudgy Penguins surpasses CryptoPunks Pudgy Penguins is expected to become the most popular PFP (profile picture) series in 2025, replacing the long-dominant CryptoPunks. Through value accumulation airdrops ($PENGU) and allocations from external protocols, combined with the launch of Abstract Chain, Pudgy Penguins is rapidly increasing its influence in Web3 and mainstream markets, significantly enhancing community value and cultural status. 4. Peaq may surpass all Layer 2s As a Layer 2 project, Peaq, valued at approximately $2.1 billion, is expected to challenge top market positions in 2025. Its rise is driven by: a valuation multiple of Layer 1; capitalizing on DePIN (Decentralized Infrastructure Networks), RWA (Real World Asset Tokenization), and AI topics; promoting DePIN to become one of the top three market domains; and realizing the Machine Economy Thesis, deeply integrating real-world AI agents with blockchain. 5. Ethereum's performance will surpass Solana Messari predicts that Ethereum's performance in 2025 will surpass Solana for several reasons: increased selling pressure from the Solana community, with funds gradually flowing to other altcoins; the continuous attraction of funds into Ethereum ETFs, with high new purchase demand in 2025; even if Solana launches an ETF, investors still prefer Ethereum; in March 2025, FTX's liquidated assets will release 11 million SOL, further dragging down its price. 6. AI Agent frameworks will peak in the first quarter of 2025 The market heat of AI Agent projects is expected to peak in the first quarter of 2025 and then quickly decline. Messari stated that these frameworks failed to prove their product-market fit and lack stable user demand. Unlike the DeFi craze, AI Agents lack sustained market appeal, and the speculative frenzy may collapse. Related reports The frenzy and cold reflection of meme coins: Will 2025 still be a myth or a bubble? Which tracks do the top 10 crypto venture capitals favor in 2025? Bitcoin is expected to break $200,000! FT's comprehensive prediction for 2025: Trump launches a tariff war, Russia-Ukraine ceasefire, and the slowdown of growth among the seven giants of US stocks... "Messari's six major crypto predictions for 2025: ETH's strong return, Peaq may surpass all L2s, AI Agent craze peaks?" This article was first published in Dongqu BlockTempo (Dongqu Trends - the most influential blockchain news media).