Both have the potential for growth. Only one side ultimately decides who wins and who loses, whose share gets diluted, and who is eliminated first.

When regulation no longer tries to eliminate cryptocurrency, but chooses to absorb it, it signifies the end of an era.

1. On-chain funds: This week, $31.6M flowed into Base; $57.8M flowed out of Arbitrum 2. Maximum price fluctuation: $BETA, $LGCT 3. Top news: LIT rebounded 18% in the last hour, with the probability of its "first-day market value exceeding $3 billion" on Polymarket rising to 52%

Gold tokenization is becoming one of the asset types that is being tested against reality the earliest in this transformation.

I rely not on the luck of a single trade, but on repeatedly capturing replicable market patterns.

Written by: Bootly If I were to summarize the prediction market for 2025, it might be: This is the year when the prediction market no longer relies on black swan events, but begins to depend on structural trading demand. This was almost unimaginable in the past. For a long time, prediction markets resembled an "event tool": they would only briefly come to life during major uncertainties such as elections, pandemics, or wars, and then quickly cool down. But this year, high-frequency events like sports competitions, macro data, and policy changes have provided a stable trading environment for the prediction market.

In 2025, the main narrative of the cryptocurrency market will no longer revolve around the technological cycles of a single public chain or the self-reinforcing narratives on-chain, but will enter a deepened stage dominated by "external variable pricing and competition for financial entry." Policies and compliance frameworks will determine the access boundaries for long-term capital, while macro liquidity and risk appetite will dictate whether trends can continue. Derivative leverage and platform risk control mechanisms will reshape volatility patterns and drawdown speeds at critical junctures. More importantly, a key narrative that will be repeatedly validated by the market starting in 2025 is that what determines price elasticity is no longer just the "intensity of on-chain narratives," but rather through which entry points capital flows in and where it lands...

Focusing on the most notable types of bets in 2025.

The current stage of the testnet has supported basic EVM functions and has launched payment channels, a stablecoin gas mechanism, and decentralized trading components.

Original author: K, Web3Caff Researcher In 2025, the entire industry finally crossed a watershed moment that no one could pretend to ignore: moving from a decade dominated by infrastructure to a decade driven by applications. You can understand it as the "end of adolescence" for Web3— the wild, rebellious years of competing in computing power, TPS, cross-chain capabilities, and ZK are now behind us; the products that can truly make ordinary users willing to spend money, willing to stay, and willing to participate are just beginning. This shift is not just rhetoric, but the underlying conditions have truly matured for the first time...

Institutions are entering the market, and old rules no longer apply.

Iteration speed, user thinking, and marketing ability are more important than perfect technology.

Technology is just a lever; it can amplify benefits as well as amplify destruction.