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In a recent discussion on X, Alex Svanevik, the CEO of the prominent on-chain analytics platform Nansen, shared his visionary predictions for the crypto industry as we approach 2025. Svanevik envisions a transformative year poised to bring forth “the mother of all bull markets,” driven by technological innovations, regulatory transformations, and a broad adoption across myriad sectors. Let’s delve into these nine compelling forecasts that could redefine the crypto landscape.
Crypto Memecoins Will Set New On-Chain Records
Svanevik asserts that memecoins, which are cryptocurrencies inspired by internet memes, will continue to captivate retail investors, further integrating them into the crypto ecosystem. He foresees these tokens significantly enhancing on-chain metrics, setting new benchmarks in decentralized exchange (DEX) volumes across diverse blockchain networks.
As Svanevik elaborates, “Memecoins continue to onboard retail to crypto—and smash onchain metrics. We’ll see new records in DEX volume for lots of chains.” The improvements in infrastructure, user experience, and reduced transaction fees are anticipated to make the on-chain journey more accessible and appealing for newcomers.
A DeFi Renaissance
Svanevik predicts a revival in decentralized finance (DeFi), driven by more transparent regulations and the activation of revenue-generating models within DeFi protocols. The impending exit of US Securities and Exchange Commission (SEC) Chairman Gary Gensler, scheduled for January 20, is expected to ease regulatory barriers and attract institutional capital to DeFi platforms.
“DeFi renaissance. Gary’s gone. Revenue switch = on,” he notes. “We actually have useful DeFi protocols now that tons of capital can flow into. Perhaps valueless governance tokens will accrue value.”
Spot Solana ETF Launch
The introduction of a spot Solana (SOL) exchange-traded fund (ETF) is another prediction from Svanevik, who believes it will outperform the initial performance of the Ethereum ETF. “SOL ETF. And it does better than the ETH ETF did at launch.” The ongoing discussions between SEC staff and issuers for a spot Solana ETF are reportedly progressing, with S-1 registration statements under review. Exchanges might soon file Form 19b-4 applications, kicking off the official regulatory approval process. Firms such as VanEck, 21Shares, Canary, and Bitwise are in a race to launch the first SOL ETF in the United States, targeting a 2025 debut.
Resurgence Of Permissioned Blockchains
Svanevik also foresees a resurgence of permissioned blockchains, predicting they will gain substantial momentum this time around. “Permissioned chains make a comeback, and this time gain much more traction. Watch Haven1 here. Tokenization will be a big theme for permissioned chains.”
Flourishing Bitcoin Ecosystem
The Bitcoin ecosystem is expected to thrive, both within traditional finance (TradFi) and through on-chain innovations. “Bitcoin ecosystem continues to flourish—both in TradFi and on-chain (via projects like Bitlayer),” Svanevik observes.
DeSci Will Become A New Strong Narrative
Decentralized Science (DeSci) initiatives are anticipated to fund groundbreaking scientific projects, particularly in longevity research and other pioneering fields. “DeSci funds (crazy) science. Lots of crypto leaders are interested in longevity specifically and science more generally. This means more access to capital for frontier science—and probably more headlines,” Svanevik writes.
Crypto Accelerates AI Development
Svanevik envisions cryptocurrencies playing a crucial role in accelerating artificial intelligence (AI) projects while simultaneously offering solutions to mitigate associated risks. “Crypto accelerates AI, but also protects us from AI. Wacky experiments with agents continue. Cryptodollars pour into AI projects.”
He also notes the emergence of cryptographic proof-of-human projects aimed at combating bots and fake content: “More cryptographic proof-of-human projects come to market to combat bots and fake content.”
Enactment Of FIT21 Law
Significant legislative developments are on the horizon, with the anticipated enactment of the FIT21 law. This could potentially catalyze a new era of innovation and growth in the United States. “FIT21 becomes law. The era of the American Renaissance begins.”
Exponential Growth For RWAs
Svanevik forecasts substantial growth in the market capitalization of tokenized real-world assets, predicting at least a threefold increase. “We’ll see a 3X in market cap of RWAs—on the low end. Probably a lot more. People will finally realize the full potential of crypto: Every asset will be tokenized.”
At press time, Bitcoin was trading at $94,239, demonstrating the ongoing vibrancy and potential of the crypto market as these predictions unfold.
