Original title: DWF Ventures' Selection of 2025 Narratives
Original source: DWF Ventures Original translation: Fu He, Odaily Planet Daily
In 2024, the crypto industry will attract more attention from institutional investors, with ETFs and stablecoins also steadily growing. Therefore, DWF Ventures holds an optimistic outlook for the overall crypto industry in 2025 and predicts that capital inflows will shift to on-chain. DWF Ventures' focus on 2025 trends:
· Stablecoins
· DeFi
· Consumer-facing applications
· AI
Stablecoins
Tether and Circle have long dominated the growth of stablecoins. While stablecoins are primarily used as a medium for trading and payments, we believe their role as assets is also gradually strengthening. The profitability of Tether and Circle has attracted more traditional fintech companies into the stablecoin space.
· Stripe acquired Stablecoin, further proving the strong interest of traditional fintech companies in this market.
· PayPal focuses on PYUSD and promotes its application on Solana by offering yields of up to 20%.
· USDtb launched in collaboration with BlackRock provides exposure to RWA yields through the Usual platform, while the launch of iUSDe marks a further integration—bringing regulated high DeFi yields into traditional finance for the first time.
In addition, DWF Labs is also incubating a high-yield stablecoin project called Falcoin Stable, which is planned to launch this year.
Therefore, we believe that with the accelerated entry of institutions, the application of stablecoins will experience explosive growth in 2025, and the increase in yields will benefit all users.
DeFi
As stablecoins grow, DeFi has also seen significant progress. The usage of many DeFi protocols has rapidly climbed, with Aave and Pendle's protocol revenues hitting new highs.
The trading volume of DEX/CEX spot and perpetual contracts has also doubled since the beginning of the year, mainly driven by platforms like Uniswap, Raydium Protocol, and Hyperliquid.
As more liquidity flows into the ecosystem, we will see more innovations, especially in the yield layer and lending mechanisms.
With advancements in throughput, latency, and execution technologies, as well as upcoming projects like Monad, MegaETH, and Hyperliquid's HyperEVM, the momentum of DeFi innovation will be further enhanced.
Consumer-facing applications
Consumer-facing applications aim to lower the entry barriers for non-crypto native users.
TON's mini-app is an example where users can quickly get started using the Telegram platform, without needing to create a wallet or back up a seed phrase, ultimately guiding users into the on-chain world.
Mobile-centric experiences are on the rise, with well-known protocols like Jupiter and trading tools like Moonshot, Photon, BONKbot, and ApePro being in high demand. Therefore, this will be a trend in 2025; protocols that can enhance user experience and introduce more retention mechanisms will gain a larger market share.
Artificial Intelligence
In recent months, AI Agents have exploded within the crypto community, with aixbt continuously topping popular lists. These bots process information and generate content at an astonishing speed, operating around the clock without rest, far surpassing human capabilities.
Currently, AI Agents have already been involved in multiple fields, including discovering security vulnerabilities, assessing code, no-code frameworks, data analysis, and fund investment. We believe that as OpenAI releases o1, which demonstrates more human-like behavior, the next wave of innovation will bring about more interesting application scenarios, particularly in commercialization.
The number of AI Agents will continue to grow, and competition will become increasingly fierce; finding the right Product-Market Fit (PMF) will be key to standing out. With the widespread application of AI Agents, decentralized AI infrastructure will rapidly develop across all levels of the crypto space.
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