In 2025, the DeFi ecosystem will usher in a full recovery driven by technology, policies and markets. The AAVE lending protocol has redefined liquidity management through the innovation of version V4 and has become the core force of the lending market. At the same time, Hyperliquid has quickly emerged as an emerging dark horse in the field of derivatives with its outstanding performance in the decentralized perpetual contract platform. The support of US policies for DeFi has also brought more opportunities to the market, further stimulating innovation and growth. In many fields such as stablecoins, cross-chain solutions and liquidity supply, DeFi will usher in all-round vigorous development in 2025 and become an important part of the global financial system.

Stablecoins are a vital component in the crypto space, and their stability and decentralization have become key competitive points. As the market demand for innovative stablecoins increases, projects such as Ethena, Usual, and f(x)Protocol have proposed different solutions. Ethena achieves a high-yield floating annualized rate of return by combining Cex and on-chain collateral for risk hedging; Usual uses U.S. Treasury bonds as its core support and shares the proceeds with users, breaking the control method of traditional stablecoins; f(x)Protocol provides a decentralized, non-overcollateralized stablecoin framework through complex leverage mechanisms and liquidity pool design. Different models show the diversity and potential of the future development of stablecoins.

The future of the crypto market is facing a profound contradiction between the ideal of decentralization and centralized capital.

AI agents are rising rapidly and becoming an important bridge between artificial intelligence and blockchain. As computing power and data are gradually decentralized, the ecology of Web3 is undergoing profound changes.

As an innovative scientific research funding model, DeSci combines blockchain technology and Meme culture to try to subvert the traditional scientific research funding model. Through a decentralized approach, DeSci hopes to solve problems in the fields of scientific research funding, intellectual property management, and transparency.

Bitcoin not only represents a challenge to the existing financial order, but also provides a new free economic option for lower-class voters in the U.S. In addition, the combination of Bitcoin and Web3 may become a symbol of the "New American Dream", driving global crypto users to pursue decentralized financial freedom.

BTCFi is working hard to unleash the trillion-dollar market value potential of Bitcoin and inject new vitality into the Bitcoin ecosystem through decentralized financial means.

The introduction of AI Agent is gradually changing the Web3 ecosystem and promoting decision-making and community building to become more efficient and fair.

PayFi is a new financial paradigm launched by Solana, which aims to integrate real-world payments with on-chain finance through efficient blockchain technology. Its core lies in enhancing the time value of funds, supporting innovative models such as "Buy Now, Pay Never", and helping users pay for consumption through interest. At the same time, PayFi automates operations through smart contracts to simplify complex processes such as cross-border payments and accounts receivable financing. PayFi also relies on Solana's high performance to promote the tokenization of real-world assets and provide new solutions for global transactions and capital flows.