2025 Delphi Digital Top 10 Predictions: DeFi Evolves to DeAI; Solana to Continue Outperforming Ethereum
Original Source: Delphi Digital
Original Translation: Yuliya, PANews
In the cryptocurrency field, 2025 is considered a crucial year full of innovation and change. With continuous technological advancements and evolving market conditions, several areas are expected to witness significant breakthroughs and opportunities. From Bitcoin's continued bull market to Solana's rise, and DeFi's transformation into DeAI, the cryptocurrency market in 2025 will present unprecedented diverse trends. This article will explore the ten major market trends predicted by Delphi Digital, revealing possible future directions for the cryptocurrency industry.
1. Bitcoin (BTC) Still Has Upside Potential
Delphi Digital's cycle model has previously predicted that Bitcoin would hit a new high in the fourth quarter of 2024. Currently, Bitcoin's trend aligns with the forecast.
· Each new all-time high has been accompanied by a monthly RSI breakout above 70, with previous bull markets usually ending only after the RSI exceeded 90.
· According to the monthly price regression channel, Bitcoin is still below the 1-2 standard deviation range from the top.
· Institutional interest growth and a relaxed regulatory environment may be the primary drivers of this bull market cycle.

2. Solana Emerges as a Key Player
Solana will continue to outperform Ethereum, mainly due to its excellent user experience and a better content ecosystem.
· With no need for token approvals or wrapped tokens, Solana's operation is simple and intuitive.
· Solana's Solana Virtual Machine (SVM) is the fastest-growing alternative VM ecosystem, with its network effects constantly strengthening. Additionally, projects like Anza, Firedancer, and improved wallet infrastructure will further enhance the user experience.
· Solana co-founder Anatoly Yakovenko's vision is to maintain Solana's edge even in the face of increased competition by increasing bandwidth, reducing latency, and improving its scalability.

3. NFT Makes a Comeback
The NFT market will experience a strong resurgence that defies market sentiment and fundamentals.
· While tokenized transactions are more convenient, NFTs can achieve on-chain uniqueness coding, allowing heterogeneous assets (such as art, wine, etc.) to be NFT-ized.
· Some significant wealth creation events (like the airdrops of PudgyPenguins, Milady, and Azuki) may inspire other NFT projects to follow suit.
· NFTs are more user-friendly to retail users, suitable for showcasing culture and social status.

4. Decentralized Finance (DeFi) Evolving into DeAI
DeAI will fundamentally change the way users interact with DeFi.
· The front-end interface will be replaced by intelligent agents, allowing users to perform transactions, currency exchanges, yield farming, etc., through natural language processing.
· In the future, most capital allocation decisions will be made by agents. griffain is a pioneer in this area, but DeAI projects like HeyAnon are rapidly emerging.

5. AI Agents Becoming Top Crypto Investors
The future of trading will be dominated by AI agents rather than human counterparts.
· Agents can monitor the market around the clock and process more data, transforming trading into a competition of computing power and unique datasets.
· By 2025, at least three agent frameworks are expected to become unicorn companies with a market cap exceeding $100 billion.

6. High Throughput Chains Driving Innovation
High throughput blockchains will bring more experimentation and opportunities in 2025.
· Notable projects to watch include Hyperliquid, Sui, and Monad, but other chains like Berachain also have potential.
· MegaETH is expected to compete for market share with layer-two networks rather than directly with layer-one networks.
7. DePin Sees a Resurgence
If a large-scale DePin project achieves self-sustainability, it could trigger a reassessment of the field and drive a "fundamentals" rebound.
· DePin has disruptive potential in areas such as wireless services (Helium), network infrastructure (DoubleZero), mapping services (Hivemapper), healthcare, and grid operations.
8. zkVM Set to Undergo Revolutionary Development
· zkVM technology will enhance interoperability among various Rollups, enabling seamless cross-chain interaction.
· zkVM will also expand the developer market, allowing developers to build zk applications using languages like Rust.

9. AI Unlocks New Opportunities for GameFi
· AI development tools will boost game developers' productivity.
· Projects like InWorldAI are developing AI-driven NPC services.
· Open-source projects such as the Virtuals.io game framework and Eliza's integration with Unreal Engine and Unity could represent a revolutionary breakthrough in the AI gaming space.
10. Consumer-Grade DeFi is the Next Blue Ocean
· By 2025, on-chain finance will comprehensively serve the crypto-native.
· zkTLS will enable bringing Web2 sensitive data on-chain while maintaining privacy, thus facilitating applications like personalized proxies and credit scoring.
· Revenue-sharing stablecoins will continue to expand, aligning incentive mechanisms better between issuers and distributors.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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