tl;dr

1. Infrastructural innovations drive in new liquidity.

2. Fee markets, intents, and mechanism markets will redefine the retail.

3. Coordinative meme plays will rule.

4. RWAs will mature.

5. Institutions are not here or there—they will pay for your infrastructures is all.

6. GameFi will not be the next big thing and play-to-earn will suck big time.

7. Network States will start hedgefunds, and buy T-bills, & leverage the next pharma.

8. Lending markets will become more efficient.

9. Stablecoin renaissance will take place in 2025.

10. We will see public goods unicorns.

11. Restaking will be the driving force of all of these and more.