Matrixport Investment Research: DeSci leads the on-chain ecology, and multiple narratives will shape the market pattern in 2025

In early 2025, the crypto market’s diversity narrative has taken shape. From the rapid rise of DeSci to the redefinition of the AI ​​Meme sector, to the continued expansion of the on-chain ecosystem, the market is experiencing profound structural changes. The active capital on the chain, the continuous injection of institutional funds, and the optimization of macro policies have provided the market with more growth opportunities.

The value of on-chain transfers will exceed US$10 trillion for the first

time in 2024, becoming an indicator of market confidence

The significant flow of funds on the chain confirms the market's resilience. According to Bitget statistics on January 3, 2025, BTC saw a net inflow of US$200 million in spot prices in the past 24 hours, and the US BTC ETF saw a single-day inflow of over US$48.6 million, with the total holding size reaching US$106.7 billion. The value of on-chain transfers will exceed US$10 trillion for the first time in 2024, a three-fold increase from the number of transactions in 2021.

At the same time, in the contract market, mainstream assets such as $BTC, $SOL and $ETH have outstanding net inflows of funds, showing investors’ optimism about market recovery. On-chain activities in the DeSci and AI Meme sectors also continue to increase, injecting more vitality into ecological development. The simultaneous growth of on-chain capital flows and ecological activity indicates that the market is entering a new round of expansion, and on-chain data has become an important indicator for observing market confidence.

DeSci craze sweeps the market: the core driver of on-chain innovation

The decentralized science (DeSci) sector has become the focus of the market at the beginning of the new year. On January 2, 2025, $BIO was successfully launched, which attracted great attention from the market. Subsequently, related tokens such as $SCIHUB, $RIF and $WORM rose rapidly, marking that the DeSci concept gradually entered the mainstream investors' horizons.

DeSci uses blockchain technology to reshape the scientific research funding and knowledge sharing model, focusing on improving transparency and efficiency, attracting a large influx of funds. Leading institute Labs pointed out in its social media forecast on January 2, 2025 that the narrative of DeSci, Real World Assets (RWA) and AI agents will continue to heat up in 2025, providing opportunities for the implementation of blockchain technology in a wider range of fields. solid support.

The rise of DeSci shows the huge potential of blockchain technology in the field of scientific research. In the future, it may not only attract the participation of more traditional scientific research funds, but also become a new growth point for on-chain innovation.

The differentiation and redefinition of AI Meme and Agent are

manifestations of a more rational market

The AI ​​Meme and Agent sectors have seen significant differentiation in recent times. In early January 2025, popular tokens $AIXBT and $VIRTUAL experienced a correction, while $FARTCOIN and $ACT bucked the trend and rose. Among them, $COOKIE has experienced a slight correction after exceeding US$100 million in market capitalization on January 1, 2025, but its value in AI data services and ecological expansion still attracts widespread attention.

The market performance of AI Meme is undergoing a transformation from speculation to value. Unlike early projects that relied on exchanges for listing, projects with long-term application potential and ecological foundation are gradually taking over the dominant position. This trend shows that the market is redefining the valuation logic, and investors are more inclined to support projects with real technical strength.

Policy improvements and a return to liquidity may inject new impetus into

core assets

FTX's Chapter 11 reorganization plan will officially take effect on January 3, 2025, and the first round of debt repayments is expected to be launched in the next 60 days. This process will release some liquidity and provide marginal improvement to the market. However, the pace of interest rate cuts by the Federal Reserve in 2025 may be slower than expected, and the U.S. dollar index recently hit a two-year high, creating short-term pressure on risky assets such as BTC.

At the same time, assets such as XRP that comply with the ISO 20022 standard have attracted more institutional attention due to their compliance and global payment potential. This trend shows that under macro-environmental pressure, assets with strong application scenarios are more resistant to stress. Even though macro pressures may dampen market performance in the short term, policy improvements and the return of liquidity will create new growth drivers for core assets.

Some of the above opinions come from Matrix on Target. Contact us to get the full Matrix on Target report.

Disclaimer: The market is risky, so investment needs to be cautious. This article does not constitute investment advice. Digital asset trading can be extremely risky and unstable. Investment decisions should be made after careful consideration of individual circumstances and consultation with a financial professional. Matrixport is not responsible for any investment decisions based on the information provided in this content.