2025 Cryptocurrency Market Turning Point: From Speculation to Application-Driven Ecosystem Update

robot
Abstract generation in progress

【Crypto World】The crypto market in 2025 is like a roller coaster — evolving from speculative stories to a true showdown between systems and applications. The numbers tell the story clearly: Q3 total market capitalization surged to nearly $4 trillion, although it later pulled back, it still stayed around $3 trillion by the end of the year. Bitcoin even reached a high of $126,000, driven by nearly $26 billion in continuous net inflows into spot ETFs.

The most interesting part is the explosive growth at the application layer — nearly 90% of network fees are absorbed by platforms like Hyperliquid and Pump, indicating that the ecosystem is truly shifting from trading to applications. Regulations are becoming more transparent, attracting institutional funds, but market volatility has certainly kept investors on their toes. The drop in November by 35% was mainly due to leverage and liquidation chain reactions. This year essentially tells one story: the era of pure speculation is fading, and what is truly useful is the future.

BTC-0.95%
HYPE2.62%
PUMP-0.78%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ChainBrainvip
· 01-05 06:28
90% of the fees are eaten up by Hyperliquid and Pump, which is outrageous... Ecosystem migration is a good thing, but isn't it really risky to have such concentration with potential single points of failure?
View OriginalReply0
IronHeadMinervip
· 01-05 06:17
Wow, 90% of the fees are eaten up by these two platforms? This is the real ecosystem migration, not just empty talk.
View OriginalReply0
YieldChaservip
· 01-05 06:16
90% of the fees are absorbed by Hyperliquid, this is the real ecosystem migration, not just simple coin price speculation.
View OriginalReply0
GasGrillMastervip
· 01-05 06:09
90% of the fees are eaten up by Hyperliquid, this ecosystem is too competitive.
View OriginalReply0
FUD_Vaccinatedvip
· 01-05 06:00
90% of the fees are taken away, this is the real application explosion, not some meme coin story.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)