The two major trends in the 2025 crypto bull market are,

First, the Desci concept

Second, RWA value asset tokenization

Vitalik discussed $DeSci in Thailand, including discussions with Zhao Changpeng in Dubai.

In the context of the US stock market, pharmaceutical science and AI are the two most important themes, and the concept of $DeSci naturally combines very well with crypto, comparable to AI.

Desci stands for decentralized science, using blockchain technology for financing, fund allocation, etc., for individuals, businesses, and projects.

RWA value asset tokenization belongs to centralized science, primarily providing financing and trade settlement payment services for businesses.

Desci to the left, RWA to the right.