5 crypto trends to watch in 2025
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From the return of ICOs, to the emergence of AI agents, to new airdrop standards, the crypto ecosystem is entering a new turning point in 2025.

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Return of ICOs

With the advent of platforms such as Echo and Legion, it seems that ICOs (Initial Coin Offerings) will be on a steep rise in 2025. This method of financing had already experienced a wave of euphoria in 2017, marked by numerous projects taking advantage of the credulity of new investors to raise funds quickly. However, ICOs also have the potential to create a committed community over the long term. In future, access to ICOs could become increasingly meritocratic, rewarding the most active or relevant participants. Despite this, this type of investment remains extremely risky: the funds invested can be tied up for several years, and there is no guarantee that the projects will see the light of day.

AI agents

AI agents saw a significant surge in popularity at the end of 2024, and this trend is expected to continue into 2025. Artificial intelligence and crypto are two rapidly evolving sectors, and there is growing interest in their intersection. AI agents have a dual appeal: their entertainment aspect, which brings them closer to memecoins, and their potential to play a key role in DeFi-related activities. This unique combination paves the way for them to occupy an increasingly important place in the crypto ecosystem. Currently Virtuals is at the heart of this narrative as a platform for launching and monetising AI agents.

New airdrop standard brought by Hyperliquid

Hyperliquid marked a turning point in the ecosystem with a historic airdrop, distributing more than 30% of its tokens in a single operation. For some users, these distributions represented sums of money that truly changed their lives. The project, which was entirely self-financed by its team, was distinguished by its lack of recourse to financing from venture capital funds. However, beyond its innovative tokenomics, Hyperliquid stands out above all for the quality of its product, acclaimed by many traders. In the future, token launches will need to re-establish a bond of trust with their community, for example Rogue wants to create a Based Rollup where all tokens are distributed to network participants with no allocation for the team or investors.

From infrastructure to applications

The year 2024 has been marked by a form of saturation in the face of the multiplication of funding for infrastructure projects, to the detriment of applications with which users interact directly and whose use cases are easier to grasp. It seems that Web3 infrastructure has reached a certain maturity, offering an abundance of block capacity at very low cost. This advance means that most applications can now focus fully on their business, without fear of encountering the limitations of their infrastructure. In 2025, we can look forward to the emergence of new applications with concrete use cases, for example around payment with cards offered by Bleap and Etherfi (read the crypto cards comparison).

Corporate treasury in bitcoin

More and more companies are considering incorporating bitcoin into their treasury, inspired by the success of MicroStrategy, recently floated on Nasdaq. This trend is also appealing to companies such as Metaplanet in Japan and The Blockchain Group in France (read the interview with its number 2 Alexandre Laizet), which are adopting similar strategies. In addition, discussions have already taken place within major technology companies such as Microsoft, although their adoption is still uncertain. Depending on bitcoin's performance between now and 2025, it is likely that this topic will resurface regularly in boardrooms.

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Lorris Beziers

Lorris Beziers is a Digital Assets Research Analyst at The Big Whale, a Paris-based crypto media company, a position he has held since January 2024. His published research covers a range of digital asset topics including DeFi lending markets, layer 2 blockchain architecture, MEV mechanics, on-chain derivatives platforms, and institutional blockchain infrastructure. Alongside this role, he has been an Associate at White Loop Capital, a French private investment firm focused on crypto-assets, since October 2024.

Prior to joining The Big Whale, Beziers worked as a DeFi Analyst at Mon Livret C from June to August 2023, where he analyzed Web3 projects across blockchains, stablecoins, and protocols, assessed yield opportunities on decentralized finance protocols, and designed a risk assessment framework for layer 2 blockchains. He holds a degree from NEOMA Business School and completed a classe préparatoire ECS at Lycée Masséna. He holds certifications from IBM and Bocconi and has competencies in Web3, finance, and data.

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