The 2025 cryptocurrency primary market (i.e., new project issuance and early financing market) shows a diversified development trend, with accelerated institutionalization of traditional mainstream cryptocurrencies and the explosive emergence of new sectors such as meme coins, Layer 2 solutions, and real-world asset (RWA) tokenization. The following are key trend analyses for the primary market in 2025:
1. Institutional funds accelerating inflow, with Bitcoin ETFs and stablecoin regulation as key driving forces.
The Bitcoin ETF market has surpassed $1.1 trillion, with BlackRock's Bitcoin ETF seeing a net inflow of $4.9 billion in a single month, indicating that institutional investors are entering the market on a large scale.
Stablecoin regulatory breakthrough: The passage of the U.S. (GENIUS Act) establishes a federal regulatory framework for stablecoins, promoting the compliance process. After Circle (the issuer of USDC) went public, its stock price surged 600%, indicating strong market expectations for regulatory dividends.
Trend of companies 'issuing stock to buy Bitcoin': A total of 228 publicly listed companies globally hold 820,000 Bitcoins, with tech giants like Tesla increasing their Bitcoin holdings through convertible bonds, pushing crypto assets onto corporate balance sheets.
2. The meme coin craze continues, with Trump Coin ($TRUMP) becoming a phenomenal project.
Trump Coin ($TRUMP) skyrocketed 18,000% within 24 hours of launch, with a market cap reaching $14.7 billion at one point, becoming one of the most talked-about meme coins of 2025.
The meme coin market still heavily relies on celebrity effects and social media hype, but some projects (like TOKEN6900) attempt to reduce speculative risks through limited supply (with a hard cap of $5 million) and community-driven models.
Dogecoin (DOGE) still maintains high liquidity but lacks intrinsic value support, raising questions about long-term sustainability.
3. Layer 2 and Bitcoin ecosystem expansion, with intensified competition among new public chains.
Bitcoin Hyper ($HYPER) as a Bitcoin Layer 2 solution integrates Solana Virtual Machine (SVM) technology, aiming to solve Bitcoin's slow transaction speed and high fees, with a presale price starting at $0.0115, expected to launch on the mainnet in Q3 2025.
Solana (SOL) is expected to perform strongly in 2025, with the price likely to exceed $185 by the end of the year, attracting a large number of DeFi and meme coin projects with its high-speed trading capabilities.
Ethereum faces competition; despite its dominance in smart contracts and the DeFi ecosystem, public chains like Solana and BNB Chain have advantages in transaction speed and cost.
4. Tokenization of real-world assets (RWA) becomes a new growth point.
The market size for tokenized securities is expected to exceed $50 billion, with private credit, gold, and other assets accelerating on-chain.
BioSig completes $1.1 billion financing, targeting the $142 trillion tokenized gold and commodities market, demonstrating the huge potential of the RWA sector.
Stablecoin settlement volume surges, with daily settlement volumes expected to reach $300 billion by 2025, approaching traditional financial settlement scales (like Visa and Mastercard).
5. High risk, high return projects: Seeking the 'next 1000x coin.'
The primary market is seeing the emergence of several high-growth potential projects, such as:
Snorter ($SNORT): An AI trading bot on the Solana chain, with a presale price of $0.0935, offering low fees and MEV protection.
Best Wallet Token ($BEST): A Web3 wallet ecosystem token that offers staking rewards and early ICO access, with $10.7 million raised in the presale.
$SUBBD: A Web3 content creation platform token that has attracted 3,000 creators and 280 million fans.
6. Regulatory and macroeconomic impacts.
Federal Reserve interest rate cut expectations: If cuts are initiated in September, it could further boost the cryptocurrency market; if inflation rebounds, it may delay easing policies, increasing market volatility.
The U.S. may establish a Bitcoin strategic reserve: The Trump administration could promote a federal or state-level Bitcoin reserve program, reinforcing Bitcoin's status as 'digital gold.'
Regulatory uncertainty: Although the U.S. (GENIUS Act) has passed, the global regulatory framework is still being improved, and some emerging projects (like algorithmic stablecoins) may face restrictions.
Summary.
The 2025 cryptocurrency primary market shows four main lines: institutionalization, meme coin frenzy, Layer 2 expansion, and RWA tokenization. Investors should pay attention to regulatory dynamics, institutional fund flows, and technological innovation, while also being cautious of high volatility and speculative risks. For early projects, in-depth research on team backgrounds, token economic models, and market fit is necessary to avoid potential fraud or bubble risks.#币安Alpha上新 
