Dragonfly partner Haseeb shares his views on six key areas of the 2025 cryptocurrency market. This includes L1 and L2, token issuance, stablecoins, regulation, AI agents, and predictive analysis at the intersection of cryptocurrency and AI, which may resonate with some and annoy certain 'holders.' Regardless, these trends are worth our deep reflection.

The blurring of boundaries between L1 and L2

Users are no longer concerned with technical details

With the development of technology, the boundaries between L1 (Layer 1) and L2 (Layer 2) are becoming increasingly blurred. For users, the differences between these technological layers may never have been critical. By 2025, the market will move towards more efficient and distinctive solution integration.

The advantages of EVM will expand

Although technologies like SVM and Move are performing strongly, the market share based on EVM (Ethereum Virtual Machine) is expected to grow further. The driving forces behind this trend include a larger training database and the popularity of LLM (Large Language Models) in code generation.

Low latency becomes the new battlefield

The battle for transaction speed (TPS) will shift to low-latency warfare, especially with the rise of low-latency blockchains like Solana. Infrastructure innovation will drive user expectations for Web2-level response speeds.

The rise of dedicated chains

Blockchains focused on specific applications, like Hyperliquid, have already demonstrated their advantages. In the future, this type of dedicated chain model will be adopted by more projects, and the vision of 'one chain to rule them all' may become a thing of the past.

The dual-track model of token issuance

Transformation of the airdrop model

Traditional airdrop models are declining and will split into two paths in the future: for projects with clear indicators (e.g., exchanges), tokens will serve as user incentive tools; whereas for projects without clear indicators (e.g., L1 and L2), crowdfunding will become mainstream.

The decline of meme coins and the rise of AI coins

The market share of meme coins will gradually be replaced by 'AI agent coins,' reflecting a shift in market sentiment from 'financial nihilism' to 'financial excessive optimism.'

The comprehensive rise of stablecoins

Business applications of stablecoins

As the demand for instant settlement increases, small and medium-sized enterprises will increasingly adopt on-chain dollars for business transactions.

Banks entering the stablecoin space

By the end of 2025, banks are expected to start issuing their own stablecoins to prevent being marginalized by the market. With the support of U.S. Commerce Secretary Lutnick, Tether will continue to maintain its leading position.

Institutional funds flowing into DeFi

As U.S. Treasury yields decline, projects like Ethena Labs will attract more capital inflow, especially as the opportunity cost of capital decreases.

The duality of regulatory trends

Passing of the stablecoin bill

The U.S. will pass a stablecoin bill to promote its adoption. However, broader market infrastructure reforms (e.g., FIT21) will be delayed.

Regulatory honeymoon period for enterprise expansion

The ascendance of the Trump administration will provide opportunities for large companies to enter the cryptocurrency space. Technology firms and startups are expected to take more risks during this period to push crypto integration into Web2 platforms.

The frenzy and challenges of AI agents

The prosperity and bubble of AI agents

In 2025, AI agents will become the market focus, but this trend may be short-lived. Most current agents are 'human-controlled' 'wizard agents' rather than truly self-managed AI.

The potential to replace KOLs

AI agents may replace many opinion leaders (KOLs), but as market novelty fades, the appeal of such agents may significantly decrease, even triggering a 'proximity preference' for human KOLs.

The threat of automated fraud

In 2025, as AI technology advances, automated fraud bots will surge and become a significant social issue.

The potential revolution of software program agents

The real AI revolution will come from software program agents. The ability of AI to reduce software development costs will trigger explosive growth in on-chain applications and may bring unprecedented security improvements.

The deep integration of cryptocurrency and AI

Applications of stablecoin payments

Autonomous agents will use stablecoins for payments, especially after the passing of stablecoin regulatory legislation, making this payment method more flexible and efficient than traditional bank accounts.

Exploration of decentralized AI training

More cryptocurrency-based AI training and inference projects will emerge, potentially changing the current market landscape dominated by centralized companies.

AI-driven user experience revolution

After 2026, AI-driven cryptocurrency wallets will fundamentally change user experience, from automatic bridging to avoiding scams, AI will simplify all operations, allowing users to no longer need to pay attention to the blockchain on which the application resides.

This article by Dragonfly partner Haseeb: Cryptocurrency trend predictions for 2025 presents six key areas first appeared in Chain News ABMedia.