#金融与市场趋势 The value distribution in 2025 is already quite clear. Stablecoins and prediction markets are the two fastest-growing sectors, and this is no coincidence—they address real financial needs. Tether's per-user profit data is enough to demonstrate the point; stablecoins have evolved from speculative tools into infrastructure.

Prediction markets are even more interesting. Kalshi and Polymarket have shed the "only for elections" label, and ICE's $2 billion investment in Polymarket is enough to prove a shift in institutional recognition. This signals traditional finance gradually entering the space.

Looking at failure cases, Do Kwon's 15-year prison sentence marks the end of a cycle, while SEC's tough enforcement has accelerated the outflow of entrepreneurs and capital—these reverse indicators are worth remembering.

What truly deserves attention is the rhythm of established players'布局. Giants like Robinhood quickly bottomed out after clear regulations, their instincts always ahead of the market. From capital flow data, institutions are shifting from speculative sectors to real application scenarios, a trend already clearly reflected in on-chain data.

Future strategic decisions can be based on this logic: tracking the contract movements of veteran financial institutions, monitoring the sustainability of stablecoin trading volumes, and observing changes in the capital depth of prediction markets.