This article mainly shares the views of Blockworks boss Mike Ippolito, plus Moonlight’s thoughts

After watching it, Moonlight plans to continue to ambush the AI ​​track. In two days, a large AI Twitter space will be opened (simultaneously live broadcast on Binance), and you are welcome to come and communicate!

Let’s review together at the end of 2025 to see if these 27 points are accurate!

1. The United States will re-emerge as the dominant center for global cryptocurrency. Founders will return and open offices in New York, and cryptocurrency conferences in the United States will become larger than those in Asia.

2. More than 10 DeFi protocols will eventually turn on the fee switch, and Uniswap will be one of them.

3. DeFi protocols will increasingly use re-hypothecation of customer assets as a business model, including bridging, LST, etc.

4. Ethereum’s North Star debate will be resolved. L1 scaling efforts will be minimal (gas target reaches 50M gwei, discussion about shorter block times heats up), but the final rollup-centric roadmap will be confirmed and Max’s push will ultimately not succeed.

5. This will bring much-needed cohesion to Ethereum and sentiment will become more positive. Some naysayers will leave the ecosystem out of frustration and the ETH token price will perform well.

6. Rollup-based solutions will not ultimately break through in 2025. Good enough interoperability will be achieved through protocols like Across, but there is no prospect of achieving universal synchronous composability.

7. TEE will become an important (and eventually permanent) component of L2 infrastructure.

8. Continuing last year’s prediction, 2025 will still be Solana’s cycle. However, cracks will begin to show in 2025, and REV will have difficulty reaching new highs as memecoins are fragmented and MEV presents challenges. Extremism will rise in response to these issues.

9. Firedancer will be released in the fourth quarter and reach 100,000 TPS.

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

11. Base will become a breakthrough competitor to Solana and a winner in the rollup ecosystem. The 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 dominant asset held on L2, and the number of stablecoins will be at least twice that of ETH.

14. Stablecoins will have a breakthrough year, with a market capitalization exceeding $450 billion, and stablecoins will become a top three investment category for venture capital.

15. More than 5 large fintech companies or traditional financial institutions will launch stablecoins by 2025, which will put pressure on existing stablecoins and slow the growth rate of incumbents.

16. 10+ enterprises (banks, Web 2 giants, etc.) will launch L2, these mostly do nothing and fail to gain any significant traction. Possible exceptions are fintech companies (e.g. Robinhood).

17. Robinhood will become a dominant player in 2025, with its massive user base and blue-chip brand. By the end of the year, the industry will view it, along with Coinbase, as the top two exchanges in the US.

18. L1 trading will continue to work, it will not die, and it will not die for some time. The fastest horses will be Sui and HyperLiquid.

19. The metaverse of ICOs will re-emerge, though not as dominant as in 2017. Investor protection will be better and they will resemble crowdsales. 5 blue chip protocols will conduct ICOs.

20. Venture capital will return, but not at the same scale as in 2021. 2021 crypto venture capital: $30 billion, 2025 crypto venture capital: $20-25 billion. Get ready for more $50-$100 million rounds.

21. Crypto companies will have IPO opportunities, but there will not be a large-scale outbreak. More than 4 companies will go public, but due to the lagging valuation in 2021, more companies will be hindered from going public, and growth equity investment will still not enter this field.

22. The dominant track in 2025 is the combination of AI and cryptocurrency. Continued progress in the underlying model will generate media headlines, which will translate into more AI coins.

23. Multiple AI metaverses will emerge, beyond simple agents. Different types of agents will be tried (creators, hedge fund traders, artists, etc.). Most of these will be early versions and fail.

24. TikTok will have unprecedented influence, and CT will become the exit liquidity for some TikTok coins.

25. The United States will pass important legislation and may sign an updated version of the Stablecoin Market Structure Act.

26. Bitcoin L2 will fail to take off in 2025. We are still far away from a true ZK Bitcoin L2.

27. Cryptocurrency will be widely recognized as a force for good in American politics. The mainstream media will slowly begin to change its tune as it realizes that cryptocurrencies are not going away.

My dears, which ones do you think are the most accurate?

Welcome to share your views~