Crypto Market 2025 Outlook and Hotspot Analysis

Market Trends

macro environment

The likelihood of a Solana ETF being approved is underestimated. According to the head of a research institution, the chances of a Solana ETF being listed in 2025 far exceed 77%. He stated that multiple institutions plan to apply to regulators for the listing of a spot Solana ETF in June 2024. Market expectations have been raised to 86%, reflecting the industry's anticipation of more encryption asset ETFs being listed. However, for the Solana ETF to successfully list, it must adopt a structure similar to that of Bitcoin and Ethereum ETFs and avoid being classified as a security.

Web3 field

A researcher has made a prediction about the crypto market in 2025. He believes that as the MEV supply chain matures, competition among exchanges and validators will intensify, but the front end will still maintain its monopoly position. The total market value of the DePIN market is expected to grow fivefold, while the application of crypto payments in agency trading is limited. Stablecoins will evolve from DeFi tools into true mediums of exchange, and active addresses may exceed 50 million. In addition, the boundaries between wallets and applications will become increasingly blurred, and the importance of general L2s in chain abstraction applications may decrease.

Hot Events

macro environment

A tech entrepreneur sparked a controversy over encryption taxes on a social media platform. He mentioned that a client purchased a certain token for $7,000 and staked it for three months, earning up to 6,900% returns. However, when the client sold the profits and invested in a new project, he encountered a "rug pull," successfully liquidating only 10% of the funds. This statement quickly resonated in the market, with the related token rising 124% in a short time.

Web3 field

A certain Ethereum charity fund has set a record for the largest transaction in history. The fund sold 3,690 ETH, generating an income of 12.47 million USD. This batch of ETH came from an investor who participated in the Ethereum ICO in 2015, and the investor still holds 85,000 ETH, valued at approximately 293.8 million USD. This transaction has attracted market attention to Ethereum.

Hot Narrative

As a certain AI agent rises on a crypto social platform, its market value reaches 600 million dollars in a short period, triggering an analysis of its core competitiveness. At the same time, a certain project and its token, serving as a data aggregation infrastructure provider, also draw attention. As the demand for data increases from both human and AI users, the value of data aggregation significantly rises. The success of the AI agent stems from its unique model and strong data processing capabilities, while the data aggregation platform supports the AI agent. Although the latter has a market value of only 32 million dollars, it holds immense potential in the context of the development of the AI agent economy.

Hot Projects

ZAILGO is an open-source AI agent and machine learning model platform, serving as an upgraded version of a certain framework. The platform integrates blockchain and vector databases, providing CI/CD support for Kubernetes and Docker, facilitating efficient development and deployment of applications. The project was launched by well-known developers, with a market cap that briefly surpassed $70 million, reaching an all-time high, and a 24-hour increase of 208%.