Matrixport Research: DeSci Leads On-Chain Ecology, Diverse Narratives Shape Market Landscape in 2025

In early 2025, the diversification narrative of the crypto market has begun to take shape. From the rapid rise of DeSci to the redefinition of the AI Meme sector, and the continuous expansion of on-chain ecosystems, the market is undergoing profound structural changes. The active flow of on-chain funds, the sustained injection of institutional capital, and the optimization of macro policies are all providing more growth opportunities for the market.

On-chain transfer value surpasses $10 trillion for the first time in 2024, becoming a market confidence indicator

The significant flow of on-chain funds confirms the market's resilience. According to data from Bitget on January 3, 2025, BTC saw a net inflow of $200 million in spot trading over the past 24 hours, with the U.S. BTC ETF attracting over $48.6 million in a single day, bringing the total holdings to $106.7 billion. The value of on-chain transfers exceeded $10 trillion for the first time in 2024, representing a threefold increase in transaction volume compared to 2021.

At the same time, in the futures market, mainstream assets such as $BTC, $SOL, and $ETH showed outstanding net inflows, reflecting investors' optimistic sentiment towards market recovery. On-chain activities in the DeSci and AI Meme sectors also continued to increase, injecting more vitality into ecosystem development. The simultaneous growth of on-chain fund flows and ecosystem activity indicates that the market is entering a new expansion phase, with on-chain data becoming an important indicator for observing market confidence.

The DeSci craze sweeps the market: the core driving force of on-chain innovation

The decentralized science (DeSci) sector became the market focus at the beginning of the new year. On January 2, 2025, $BIO successfully launched, attracting significant market attention. Subsequently, related tokens such as $SCIHUB, $RIF, and $WORM rapidly surged, marking the gradual entry of the DeSci concept into the sights of mainstream investors.

DeSci leverages blockchain technology to reshape research funding and knowledge-sharing models, focusing on improving transparency and efficiency, which has attracted a large influx of capital. According to predictions from top Labs on January 2, 2025, the narratives of DeSci, real-world assets (RWA), and AI agents will continue to heat up in 2025, providing solid support for the application of blockchain technology in broader fields.

The rise of DeSci demonstrates the enormous potential of blockchain technology in the research field, which may not only attract more participation from traditional research funding but also become a new growth point for on-chain innovation.

The differentiation and redefinition of AI Meme and Agent reflect a more rational market

The AI Meme and Agent sectors have recently shown significant differentiation. In early January 2025, popular tokens $AIXBT and $VIRTUAL experienced pullbacks, while $FARTCOIN and $ACT rose against the trend. Among them, $COOKIE saw a slight pullback after surpassing a market cap of $100 million on January 1, 2025, but its value in AI data services and ecosystem expansion remains widely recognized.

The market performance of AI Meme is undergoing a transformation from speculation to value. Unlike earlier projects that relied on exchange listings, projects with long-term application potential and ecological foundations are gradually taking the lead. This trend indicates a redefinition of valuation logic, with investors more inclined to support projects with genuine technological strength.

Policy improvements and the return of liquidity may inject new momentum into core assets

The FTX Chapter 11 restructuring plan officially took effect on January 3, 2025, with the first round of creditor repayments expected to begin within the next 60 days. This process will release some liquidity, providing marginal improvements for the market. However, the Federal Reserve's interest rate cuts in 2025 may be lower than expected, with the U.S. dollar index recently reaching a two-year high, creating short-term pressure on risk assets such as BTC.

At the same time, assets like XRP, which comply with ISO 20022 standards, have attracted more institutional attention due to their compliance and global payment potential. This trend indicates that under macroeconomic pressure, assets with strong application scenarios are more resilient. Even though macro pressures may suppress market performance in the short term, policy improvements and the return of liquidity will create new growth momentum for core assets.

The above views are partly derived from Matrix on Target. Contact us to obtain the complete report of Matrix on Target.

Disclaimer: The market carries risks, and investment should be approached with caution. This article does not constitute investment advice. Trading in digital assets may involve significant risks and volatility. Investment decisions should be made after careful consideration of personal circumstances and consultation with financial professionals. Matrixport is not responsible for any investment decisions made based on the information provided herein.