Messari's 190-page report analyzes the macro environment, institutional dynamics, and sector trends of cryptocurrencies, predicting that U.S. crypto policy will reform by 2025, and market trends will exhibit volatility. Institutions are actively positioning themselves in Bitcoin and Ethereum ETFs, while on-chain user growth primarily relies on the product strength of Dapps. The report focuses on the future development of projects such as Bitcoin, Ethereum, and Solana, emphasizing the integration of DeFi, AI, and crypto, as well as the potential in the DePin field. Overall, 2025 will be a significant turning point year for the Web3 and crypto markets.
