1. Institution: The 'whale' wearing a compliance mask
Wall Street has pressed the confirmation button. Bitcoin has become 'digital gold', and Ethereum has been included in anti-inflation portfolios. Institutional funds dominate the market, lowering volatility, and deeply binding Crypto to Federal Reserve policies. The annual trading volume of on-chain stablecoins has surpassed $46 trillion, and the market has become a 'liquidity sponge under a compliance cloak.'
2. RWA: The 'D-Day' of on-chain finance
When government bonds and commercial paper are tokenized on-chain, real-world assets (RWA) are tearing apart the iron curtain of traditional finance. The scale has surged by 400% in a year, directly targeting a seamless connection between Wall Street's balance sheets and DeFi vaults. This is a battle for infrastructure and also the source of new liquidity.
Three, Stablecoins: A double-edged mirror of prosperity and fragility.
The annual trading volume of $46 trillion has established its position as 'digital dollars', but algorithmic vulnerabilities and opaque collateral have sounded the alarm with multiple collapse events. Regulation has arrived, and the stablecoin track is shifting from 'barbaric growth' to 'compliance competition'; only truly robust entities can survive.
Four, L2 Wars: From the battle of hundreds of chains to a tripartite standstill.
Arbitrum, Base, and Optimism have already consumed 90% of the newly locked positions. Users are tired of fragmented chain stacks, and breakthroughs in technologies like ZK are reshuffling the deck. A moat is no longer just a technical narrative but whether it can incubate truly killer applications. L2s without an ecosystem will eventually be forgotten.
Five, AI + Crypto: From stories to productivity.
Decentralized computing networks, AI autonomous trading agents, oracle access to large models... AI is becoming the 'new brain' of crypto protocols. Investment hotspots are clear: bet on infrastructure (like TAO) and payment protocols (like X402), and beware of AI concepts that are just hot air.
Six, Meme Coins: Consensus carnival and value traps.
The MEME on the Solana chain has been crazy all year, with increases often in the thousands. The core of this movement is extreme community consensus and viral spread. But evolution is already happening: successful meme coins are trying to integrate AI or RWA to build real moats. Please distinguish between 'consensus' and 'passing the flower'.
Seven, 2026 Action Plan: Finding certainty in chaos.
• Core holdings: BTC/ETH (value storage) + privacy coins (like ZEC, as a hedge).
• Infrastructure: Heavily investing in RWA leaders (like LINK), L2 winners (like ARB), AI payment protocols (like X402).
• High-risk configuration: Focus on the innovative integration of MEME, AI, and DeFi in the Solana ecosystem.
• Compliance safe haven: Institutional-grade stablecoins (USDC), regulated prediction markets.
Remember: Stay away from algorithmic stablecoins, overly leveraged protocols, and 'air' with no real application. Regulatory black swans always loom.
The cryptocurrency world in 2025 is a collision of tradition and crypto, a blend of rationality and madness.
The only thing that can traverse cycles is a clear mind, iterative cognition, and the ability to capture certainty amidst uncertainty.
Are you ready? See you on the battlefield.
