According to a recent report by MV Global, DeSci is expected to see significant growth by 2025, driven by practical Meme coins.
DeSci involves integrating blockchain technology into scientific research, aiming to revolutionize the traditional scientific ecosystem by enhancing transparency, decentralization, and collaboration. The report emphasizes that while such concepts are not new, the focus and scope of these initiatives have changed. Initially, most projects concentrated on research funding through DAOs.
Notable examples include VitaDAO, HairDAO, and AxonDAO, which remain influential players in the DeSci field. However, the industry has undergone significant changes since then, showing a trend towards diversification. The report highlights around 30 active projects, which have various use cases including research funding, health data management, and open-source research initiatives. It points out that this diversification reflects the increasing maturity and adaptability of the DeSci ecosystem.
The report notes that the projects Rifampicin and Urolithin A have received significant attention, achieving market capitalizations of approximately $73 million and $59 million, respectively. These tokens were launched through the Pump.Science platform, and according to MV Global's assessment, they offer more utility than traditional Meme coins. MV Global expects Pump.Science to undergo large-scale expansion by 2025, with at least 10 projects projected to have market capitalizations exceeding $100 million by the end of the year.
MV Global also predicts that health data management and collaborative open-source research will see significant growth by 2025. For instance, Hippocrat, which empowers individuals to control their health data, and ResearchCoin, aimed at building a 'GitHub for scientific research,' are both seen as promising projects. By 2025, the market valuations of these two projects are expected to reach at least $200 million.