Author: DeFi Warhol
Compiled by: Deep Tide TechFlow
While everyone is immersed in the festive atmosphere, I decided to take the opportunity to do some research.
@Delphi_Digital recently released the “DeFi Outlook 2025” research report, summarizing 8 key trends and recommended projects to watch:
1. Mainstream DeFi
Although DeFi has developed rapidly in recent years, it has not yet fully realized its potential and goals of completely replacing traditional banking, providing services to ordinary users, and guiding them into the Web3 world.
Crypto payment cards are revolutionizing DeFi by combining self-custody spending, DeFi yields, and fiat on-ramps, providing users with a more convenient financial experience.
Recommended protocols to watch out for:
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@coinbase
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@saintheld
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@gnosispay
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@argentHQ
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@MoonwellDeFi
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@Fuse_network
2. Revenue Sharing Stablecoins
Stablecoins are one of the most revenue-generating areas in the crypto space, but currently profits are primarily concentrated in the hands of issuers.
The main idea of revenue sharing stablecoins is to allow the applications that distribute them (such as decentralized exchanges, centralized exchanges, wallets, etc.) to also benefit from them, thus creating a new model: “Revenue Distribution stablecoins as a service”.
These stablecoins not only have similar benefits to $USDT (such as cross-app composability and network effects), but also provide additional revenue incentives for distributors, attracting more applications to integrate.
Recommended protocols to watch out for:
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@withAUSD
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@Paxos
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@foundationm0
3. Big Wallet Theory
Fat Wallet theory suggests that as blockchain protocols and applications become more streamlined, the development space for two key resources: distribution channels and order flow, will further expand.
Wallets, as the primary interface for users to interact with the blockchain, can effectively convert these resources into sources of income.
Recommended protocols to watch out for:
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@infinex_app
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@OneBalance_io
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@ParticleNtwrk
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@Ctrl_Wallet
4. DEX Market Share
Although several subfields of DeFi have made significant improvements in 2024, changes in decentralized exchanges (DEXs) have been relatively limited.
DEX spot trading volume is expected to reach 20-22% of centralized exchange (CEX) spot trading volume in the future, demonstrating the potential of DeFi.
5. Solver-Based Protocols
Compared to standard AMMs (Automated Market Makers), DEXs deeply integrated with solver protocols perform better.
Solver-based, researcher-driven DeFi has already captured a significant portion of trading volume and will continue to expand its influence in the future.
Recommended protocols to watch out for:
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@SorellaLabs
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@CoWSwap
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@Uniswap
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@ArrakisFinance
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@HyperliquidX
6. Prediction Markets
During the 2024 US elections, prediction markets performed strongly, with user numbers and trading volumes reaching new highs, but they failed to maintain long-term stability.
Today, these markets are transforming from traditional speculative platforms to innovative financial products and information discovery tools.
Recommended protocols to watch out for:
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@trylimitless
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@Truemarketsorg
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@Polymarché
7. Starknet ecosystem rebound
Starknet’s development trajectory is similar to the early stages of Solana. Although Solana’s technological advancements were overlooked due to negative sentiment, the company ultimately experienced a strong rebound.
Starknet faces a similar situation: its promising technology is undervalued due to controversy but is gradually moving toward the mainstream market.
ChainCatcher reminds readers to view blockchain rationally, improve their risk awareness, and be wary of various virtual token issuances and speculations. All content on this site consists of market information or related party opinions only and does not constitute any form of investment advice. If you find any sensitive information in the content, please click “Report” and we will address it as soon as possible.
