Last cycle, the total DeFi market cap reached $170 billion. If the industry reaches these valuations, it would mean a growth of about 40 times from now. But since the total cryptocurrency market cap is much higher, we can easily surpass these levels.

When a16z released its annual “State of Crypto” report, it quickly went viral across major media outlets, X accounts, and Telegram communities, all sharing its impressive charts. The highlights from the report conveyed a unified message: “We are optimistic,” but today I wanted to share some additional context and data highlights to supplement this impressive report. This way, you can get a broader understanding of the market.

With years of historical data, we can observe patterns from past bull cycles and thus become increasingly able to predict the current cycle. In this analysis, we take a deep dive into when the next Bitcoin peak might occur and at what price levels.

The current market value of the stablecoin market is 205 billion US dollars, and the market share of USDT continues to decline. In addition to traditional stablecoins, many new stablecoins are born in this cycle. Wengou made a summary of the existing stablecoins in the market on the last day of 2024. I wish you all a happy new year in advance. In 2025, stablecoins will come in droves!