DWF Labs: By 2025, the Crypto Market Transitions from a Speculation-Led Cycle to an Asset-Driven Market Structure

BlockBeats News, December 23rd, DWF Labs issued a statement expressing that by 2025, over $190 billion in liquidation had cleared excessive leverage in the crypto market, shifting the market from a speculation-driven cycle to an asset-backed market structure.

The supply of stablecoins has grown by over 50% year-on-year, with over $200 billion already allocated to interest-bearing stablecoins, demonstrating that the crypto industry is transitioning from a mere payment tool to asset management.

The scale of on-chain Real World Assets (RWA) has expanded from around $4 billion to $18 billion, while the proportion of derivative trading between DEXes and CEXes has quadrupled, marking the crypto market's accelerated transformation into a credible financial infrastructure.