The cryptocurrency market continues to show outstanding performance across multiple sub-sectors, mainly including the following six major directions:

1. AI and Blockchain Integration Track

Decentralized AI infrastructure has become one of the most关注ed fields by 2025. Bittensor(TAO), as a decentralized machine learning network, rewards participants' computational contributions through an intelligent proof consensus mechanism. Its price once increased by 89.99% in a single month in 2025. NEAR Protocol, leveraging sharding technology to achieve 1.2-second finality, and collaborating with Google Cloud, has become a representative project in the AI+Blockchain track. This sector attracted大量 institutional funds, with financing amounts in 2025 growing by 35% year-over-year, making it the only "evergreen" track of the year.

2. Layer 2 Scaling Solutions

High-performance public chains and Layer 2 networks experienced explosive growth in 2025. Solana(SOL), with a processing capacity of 65,000 transactions per second, performed outstandingly in AI+Blockchain application scenarios, with its生态项目 Jupiter exchange protocol averaging daily交易量 of $2.5 billion. After Ethereum completed the Cancun upgrade, Layer 2 solutions such as Arbitrum, Optimism, zkSync, etc., increased TPS to the 100,000 level, and gas fees dropped below $0.1. These scaling solutions significantly reduced transaction costs, providing better infrastructure for DeFi, NFT, and other applications.

3. Real-World Asset Tokenization(RWA)

RWA tokenization has become a key bridge connecting traditional finance and the crypto world. This sector transitioned from pilot projects to critical infrastructure in 2025, with tokenized assets exceeding $20 billion in scale. BlackRock's BUIDL fund became an off-chain collateral, and traditional financial giants entered the space. Traditional assets such as real estate, private credit, and government bonds were tokenized via blockchain, greatly improving asset liquidity and significantly lowering investment thresholds. Segmented tracks like RWA platforms and protocols, RWA oracles and data services, and RWA liquidity solutions all saw significant development.

4. Decentralized Finance(DeFi) Deepening

DeFi 2.0 sparked a revolution in 2025. Uniswap V4's daily交易量 surpassed $8.5 billion, flash loan attacks decreased by 73% YoY, and security was significantly enhanced. The derivatives market exploded, with dYdX perpetual contracts'未平仓量 surpassing $20 billion for the first time. Total Value Locked(TVL) in DeFi exceeded $120 billion, and Ethereum staking annual yields remained between 5.5% and 6.2%. Re-staking(Restaking) and other innovative mechanisms allow users to re-stake already staked assets to protect other networks and earn multiple收益.

5. Decentralized Physical Infrastructure Networks(DePIN)

DePIN track utilizes token economics to incentivize global users to contribute hardware resources, jointly building and maintaining physical infrastructure, covering wireless networks, data storage, energy networks, and more. This bottom-up model disrupts traditional centralized infrastructure investment models, greatly reducing construction costs and improving network coverage and抗风险能力. As the Internet of Things(IoT) devices grow exponentially, societal demand for decentralized physical networks continues to expand, giving DePIN a long-term and sustainable growth potential.

6. Stablecoins and Payment Infrastructure

Stablecoins entered the mainstream in 2025, with a market cap突破$300 billion, and holders reaching a record 200 million, becoming the global fintech settlement layer. USDT and USDC account for 87% of total supply, with annual交易额 of $46 trillion, comparable to Visa and PayPal. Funding in the payment infrastructure sector reached $48.335 billion, with traditional financial institutions like Citibank and JPMorgan actively investing in stablecoin settlement networks. Stablecoins have become a macroeconomic force worldwide, with over 1% of US dollars existing on public blockchains in tokenized stablecoins, and stablecoins now ranking as the 17th largest holder of US Treasuries.

These sub-sectors demonstrated strong growth momentum in 2025, attracting大量 institutional funds and professional investors, becoming an important part of the crypto market.#2026行情预测