Dragonfly Capital partners release six major field predictions for 2025: the distinction between L1 and L2 is disappearing, and the era of large-scale Airdrops through points has come to an end.

BlockBeats news, on January 1st, Dragonfly managing partner Haseeb Qureshi released a prediction about Cryptocurrency in 2025, divided into six parts: L1s/L2s, Token release, stablecoin, regulation, AI agent, encryption x AI. · L1/L2: The difference between L1 and L2 is disappearing. Users can no longer perceive the difference between L1 and L2. Although SVM and Move are powerful, EVM's market share will actually grow in 2025. Solana will force more blockchain optimizations with low latency. · Token Issuance: The era of large-scale airdrops through point plans has come to an end, moving towards a dual-track world. The first track is that if a project has clear indicators, such as exchanges or lending protocols, they will distribute Tokens entirely based on points. The second track is that projects without clear indicators (such as L1 and L2) will turn to crowdfunding. They may conduct small-scale airdrops to reward social contributions, but most Tokens will be distributed through crowdfunding. Meme coins will continue to compete for market share with 'AI agent' coins. · Stablecoins: The use of stablecoins will increase significantly, especially among small and medium-sized enterprises. It's not just about trading and speculation, real businesses will start using on-chain USD for instant settlements. It is expected that by the end of 2025, banks will announce the issuance of stablecoins. They don't want to be left behind. But especially with Lutnick as the Secretary of Commerce, Tether will still maintain its first position. Ethena Labs is expected to attract more capital, especially as government bond yields continue to decline in the coming year. · Regulation: The US has passed stablecoin legislation, while broader market infrastructure reform (FIT21) has been delayed. The adoption of stablecoins is accelerating, but adoption on Wall Street, asset tokenization, and other TradFi integrations will lag. Under Trump's leadership, the top 100 companies will be more willing to offer Cryptocurrency to consumers, and tech companies and startups show a higher risk appetite. · AI Agent: The AI agent frenzy may continue until 2025. But it will eventually perish. · The actual combination of Cryptocurrency and AI: AI's impact on Cryptocurrency is the main direction, but Cryptocurrency will also affect AI; truly autonomous agents will pay each other with Cryptocurrency. Once there are loose and stable coin regulations, you will start to see large companies that operate AI agents using stable coins for agent-to-agent payments, as they are easier to initiate than bank accounts; you will also see more and larger-scale experiments in decentralized training and inference.