#数字资产动态追踪 What will the crypto market look like in 2026? In simple terms, it marks the watershed moment from the 'gold rush' to 'institutionalization'.

**Institutionalization is here, wild growth is coming to an end**

With the full rollout of regulatory frameworks like FIT21, cryptocurrencies are no longer in a gray area. Banks offering custody services become standard, pension funds and sovereign wealth funds treat Bitcoin and Ethereum ETFs as routine allocations. This is not just a simple price surge but a chain reaction—volatility is effectively suppressed, and Bitcoin gradually evolves into a 'high beta gold'.

**Three asset classes diverge**

*Bitcoin*'s story shifts from pure speculation to a global collateral asset. The locked-in value (TVL) of L2 ecosystems will become a focus.

*Ethereum* has cemented its position as the settlement layer for trillions of dollars in RWA, driven by major players. On-chain government bonds, real estate, and loans—these real assets will all pass through the Ethereum channel.

*Altcoins* will undergo a major reshuffle. Meme coins without protocol revenue or real applications will be crushed; only projects that deliver real value will survive.

**Three growth curves**

The first is the RWA explosion—real estate, government bonds, and private credit will form mature secondary markets on-chain, truly integrating with traditional finance.

The second is the AI payment loop—smart agents will become the main users of crypto assets, with stablecoins serving as the standard tool for automated payments between AIs.

The third is the inclusive adoption of stablecoins—along with increased compliance, stablecoins will gradually encroach on SWIFT’s territory, entering cross-border payments and retail sectors.

**But don’t celebrate too early**

Wall Street giants rushing in may dilute the original decentralization ethos; geopolitical games could lead to liquidity fragmentation; the asset silo problem in multi-chain ecosystems remains unresolved.

Overall, 2026 will be the 'year of market legitimation'. The real profit logic isn’t just trading coins but lies in the trillion-dollar liquidity window created by asset tokenization.