Hashed New Paper: Four Major Trends in the 2026 Crypto Market

2025-12-19 04:18:14

【Blockchain Rhythm】The crypto investment firm Hashed recently released its annual market report, pointing out that 2025 will be a turning point for the crypto industry from “storytelling” to “performance-driven.” In simple terms, projects that only hype without substance will start to fail, and the new benchmarks will be actual user numbers, transaction volume, and sustainable revenue. Stablecoins will take the lead as the foundational infrastructure for this wave of application deployment, beginning to break down the boundaries between virtual and real. Looking ahead to 2026, this market boom will usher in a period of application explosion, with several core changes: First, AI will redefine the development and interaction logic of Web3, and privacy protection will become the most urgent structural challenge after scalability; secondly, the role of stablecoins will be elevated from simple trading pairs to enterprise-level operational capital tools; RWA (Real-World Asset on Chain) will be the first to achieve large-scale commercial use, and on-chain private placement lending and sustainable income products will also begin to rise. However, the positions of ETH and BTC in the risk cycle will remain unchanged, as these two still serve as the market’s barometer.

ETH-3.99%

BTC-2.34%

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HashRateHermit

· 12-21 19:45

Finally, someone has said it, those projects that can only tell stories are doomed.

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PanicSeller

· 12-19 04:42

Finally, someone has spoken out. Those projects that keep telling stories every day should come to an end. Real data is the key, otherwise it's just a scam. Stablecoins are on the rise. Is on-chain finance finally serious? I believe in RWA; it's much more reliable than trading cryptocurrencies. Wait, is privacy an urgent issue? Are regulators about to take action?

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MoonlightGamer

· 12-19 04:38

Someone finally said it: those projects that only publish whitepapers every day to raise funds should come to an end.

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DefiPlaybook

· 12-19 04:36

According to data, the core point of the Hashed paper indeed hits the mark— from the perspectives of DAU and on-chain transaction volume, projects without practical application support are indeed heading towards marginalization, which aligns with historical patterns. It is worth noting that the TVL share of stablecoins has already surpassed 40%, and becoming the payment layer for enterprise-level applications is the general trend, but the technical route for privacy protection has not yet been fully determined. It is still difficult to conclude whether ZK or MPC will dominate the field based on on-chain data.

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GhostAddressHunter