[Framework Ventures Co-Founder Predicts a Decline in Token Issuance by 2026] Framework Ventures co-founder Vance Spencer posted on the X platform, stating that 2025 could be a pivotal year for the continued development of the crypto industry. The industry has moved past memecoins, NFTs, low-liquidity/high fully diluted valuation tokens, and consumer-focused projects. He predicts that the number of token issuances will significantly decrease by 2026, with the market focusing on mainstream assets like BTC and ETH, as well as DeFi blue chips with reasonable value capture mechanisms. Institutional bidding may exceed expectations. Future priorities will center on stablecoins, RWA (real-world assets), lending capital markets, and asset management, addressing industry issues by reducing redundant operations, improving quality, and enhancing compliance. The current outlook is bullish, but opportunities for growth and exits are highly concentrated.