"IOSG: Crypto Narrative Fades, Funds Shift to Trading, Stablecoins, and Revenue-Generating Products" IOSG Ventures observed at KBW and TOKEN2049 that while the crypto industry's fervor hasn't waned significantly, the direction of participants and funding is shifting: traditional finance is accelerating its entry into trading, custody, stablecoins, and tokenized infrastructure, while native funding is increasingly flowing to trading venues like Perp DEX and prediction markets. Although AI agents were a focal point at both conferences, actual trading volume remained limited, with funds focusing more on AI products with existing revenue streams and buyback mechanisms. Overall, the market is gradually shifting from narrative and new coin-driven growth to revenue, distribution channels, and genuine trading demand. Read the full article: https://www.(wublock123.com)/articles/article-59737