Article source: Blockchain Knight

According to a recent report by MV Global, driven by practical memecoins, decentralized science (DeSci) is expected to achieve significant growth by 2025.

DeSci involves integrating blockchain technology into scientific research. Its goal is to radically transform the traditional scientific ecosystem by enhancing transparency, decentralization, and collaboration.

The report emphasizes that while this concept is not new, the focus and scope of these initiatives have changed.

Initially, most projects focused on providing research funding through decentralized autonomous organizations (DAOs). Notable examples include VitaDAO, HairDAO, and AxonDAO, which still hold influence in the DeSci field.

However, significant evolutions have already taken place in the field, becoming more diverse.

The report highlights various use cases of about 30 active projects, including research funding, health data management, and open-source research programs.

The report indicates that this diversification reflects the growing maturity and adaptability of the DeSci ecosystem.

The goal of DeSci is to establish a more inclusive and equitable scientific ecosystem, enabling researchers and communities to collaborate and innovate without the constraints of central authorities.

The report points to a trend in 2024: the emergence of memecoins dedicated to DeSci.

Although most projects have seen limited success, two projects, Rifampicin and Urolithin A, have made significant developments, achieving market values of approximately $73 million and $59 million, respectively.

These tokens are launched through the Pump.Science platform, and according to MVGlobal's assessment, their utility far surpasses that of traditional memecoins.

The tokens are directly related to scientific experiments, representing specific compounds or interventions tested on organisms such as worms, flies, and mice.

These tokens can serve as a funding mechanism for research, providing real-time updates on experimental progress and facilitating transactions based on research outcomes.

Holders of these tokens can even sell the rights to successful interventions, thereby establishing a tangible connection between token ownership and real-world scientific advancements.

MV Global expects that Pump.Science will achieve significant expansion by 2025, with at least 10 projects expected to have a market value exceeding $100 million by the end of the year.

MV Global also predicts that health data management and open-source collaborative research will see substantial growth by 2025.

Projects like Hippocrat and ResearchCoin are promising; the former enables individuals to control their health data, while the latter aims to create a 'GitHub for scientific research.'

It is expected that by 2025, the market valuation of these two projects will reach at least $200 million.

The report also predicts a significant increase in DeSci projects, with at least 50 projects expected to be listed by the end of 2025. This growth reflects positive market sentiment and increased liquidity in the industry.