Exploring the 2025 Crypto Trends Report
Author: Alana Levin
Compiled by: Deep Tide TechFlow
Note: Images in this article have been translated for sections with more text. Please view the full report for more details.
I’m thrilled to share the insights from my 2025 Crypto Trends Report—a comprehensive analysis of how the crypto industry has been evolving and what the future might hold. The growth of the crypto sector is presented as a three-compound S-curve story, encompassing asset creation, asset accumulation, and asset utilization. Let’s dive deeper into these concepts and their implications for the future.
The Growth Phases of Cryptocurrency
The report distinguishes three phases in the growth of the crypto industry:
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Asset Creation: This stage involves the innovation and introduction of new crypto assets.
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Asset Accumulation: Here, we witness a self-reinforcing cycle where the value of an asset grows as more people hold it. This phase is vital for the crypto market’s stability and longevity.
- Asset Utilization: The final stage focuses on the ways in which individuals and businesses employ crypto assets for practical purposes.
Identifying our position on each curve allows us to determine where startup opportunities exist and predict favorable trends.
Macro Trends In the Crypto Landscape
Taking a macro view, we note that the size of major crypto assets continues to grow. Remarkably, despite the vast number of tokens available, the value concentration among the top ten crypto assets has remained stable. This stability suggests that while the market is bustling with new entrants, the primary players hold their ground.
The Cycle of Asset Accumulation
Asset accumulation behaves almost like a self-reinforcing loop. More individuals holding a specific asset generally leads to increased value, simultaneously making it a candidate for the "Lindy Effect." This effect indicates that the longer an asset exists, the more likely it is to survive in the future. As observable trends show, very few new assets have breached the top tier among cryptocurrencies in recent years.
The Rise of Stablecoins
An intriguing aspect of the cryptocurrency landscape is the accelerating emergence of stablecoins. The initial stage of reaching a $100 billion supply took over 80 months, while the subsequent batch reached that figure in only 40 months. The forecast for the third set indicates it could occur in less than 12 months!
The Use Cases of Stablecoins
Stablecoins are finding applications across diverse scenarios, such as payments, lending protocols, and exchanges. This adoption signifies a huge opportunity for startups looking to innovate in this space. While we’ve seen early signs of productization, such as consumer payment products and lending mechanisms, the possibilities are only beginning to unfold.
In the near future, we can expect stablecoins to penetrate additional sectors, including credit systems, privacy transactions, and "buy now, pay later" (BNPL) services.
Centralized Exchanges: The Hub of Activity
Centralized exchanges (CEXs), such as Coinbase, have experienced immense growth due to the rising trend of asset accumulation. As more individuals strive to engage with crypto—whether for buying, selling, or holding—they are drawn to the known reliability of CEXs, culminating in trillions of dollars in trading volume.
The Diversified Nature of Exchanges
Moreover, exchanges have diversified their offerings. Companies like Coinbase have built robust business lines surrounding user needs, offering services like custody, staking, and yield products. This diversification is key to their sustained success.
On-Chain Activities and Innovations
As we transition into on-chain activities, we discover a fertile ground for innovation. Building on the blockchain allows for experimentation at every stage of an asset’s lifecycle, unhindered by traditional financial limitations. This newfound accessibility means that anyone, irrespective of age or location, can engage with crypto assets, marking a significant evolution.
Growth in New Tokens
The velocity at which new tokens are created is accelerating, resulting in soaring trading volumes. Correspondingly, decentralized exchanges (DEXs) have reclaimed a notable market share, surpassing the cumulative total for the years 2021 to 2023 within just the first half of 2025.
Rise of On-Chain Lending
On-chain lending protocols have also experienced significant growth. Platforms like Morpho illustrate this burgeoning trend—assets locked in lendable formats have multiplied more than fivefold, showing that this area is ripe for further exploration.
The Future of Asset Creation
The potential of asset creation on-chain is vast and largely untapped. One promising category is institutional tokens, including tokenized treasuries. Additionally, the experimentation with on-chain equity is gaining traction, opening doors to innovative tokenized equity products.
Expanding Real-World Assets (RWA)
Looking ahead, we expect the concept of Real World Assets (RWA) to broaden. More asset types and construction methods will emerge, creating new avenues for value and demand in asset accumulation and utilization.
Cutting-Edge Markets: Transformative Potential
The report also sheds light on cutting-edge markets, particularly focusing on Forecasting Markets. Encryption technology’s capability to evolve products into platforms is becoming increasingly evident. This transformation is not novel; similar dynamics have been observed in perpetual contracts and lending protocols.
In a world where blockchain technology paves the way for limitless possibilities, the invitation to explore these innovations is clear. Are you ready to dive into the future?
