【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 standards for evaluation will be actual user numbers, transaction volume, and sustainable revenue. Stablecoins will take the lead in becoming 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 will enter 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 revenue products will also begin to rise. However, ETH and B