Coinbase: 5 ключевых трендов крипторынка в 2025 году

cryptonews.ruPublicado em 2023-11-19Última atualização em 2024-12-19

В своем ежегодном прогнозе криптовалютного рынка на 2025 год Coinbase выделила пять основных тенденций, которые будут определять развитие индустрии. На первый план выходят стейблкоины, токенизация реальных активов (RWA), усиление институционального присутствия, возвращение интереса к DeFi и более четкое регулирование.

Стейблкоины — «убийственное приложение» для крипто

Стейблкоины продолжают укреплять свои позиции, выступая в роли ключевого применения криптовалют. Их совокупная рыночная капитализация выросла на 48% за 2024 год, достигнув $193 млрд к 1 декабря. Coinbase ожидает ускорения этого тренда: стейблкоины все чаще будут использоваться не только для трейдинга, но и в глобальной коммерции и движении капитала. Объем транзакций стейблкоинов превысил $27 трлн в 2024 году, утроившись относительно прошлого года.

Токенизация реальных активов

Объем токенизированных реальных активов вырос более чем на 60%, достигнув $13,5 млрд в 2024 году. Coinbase считает, что токенизация упростит финансовые сделки и расширит применение на рынки частных кредитов, корпоративных облигаций, недвижимости и сырьевых товаров.

ETF и новые возможности

Успех спотовых биткойн-ETF уже изменил динамику спроса на криптоактивы. Coinbase ожидает дальнейшего развития и возможного одобрения ETF для XRP, Solana и Litecoin. Это может вызвать ограниченный спрос в краткосрочной перспективе, однако новые механизмы — например, возможность внесения активов непосредственно в фонды или использование стейкинга — способны увеличить привлекательность ETF, снизив спреды и улучшив соответствие цене базовых активов.

Возрождение DeFi

Несмотря на сложности предыдущего цикла, децентрализованные финансовые протоколы — особенно кредиты и DEX — продемонстрировали устойчивость. TVL в DeFi достиг новых максимумов. Инновационные приложения, такие как децентрализованная физическая инфраструктура (DePIN) и предиктивные рынки, сигнализируют о дальнейшем развитии сектора DeFi.

Регуляторная ясность и переход к позитивному курсу

Coinbase ожидает более четкого и благоприятного регулирования в США. Сформировавшееся двухпартийное большинство в Конгрессе поддерживает крипто-дружественные меры, включая законодательство о стейблкоинах и отказ от политики «регулирования через принуждение». Глобально страны G20 и другие финансовые центры также разрабатывают нормативные рамки для цифровых активов.

В целом, 2025 год, по мнению Coinbase, принесет ускорение интеграции криптовалют в мировую экономику за счет стейблкоинов, токенизации, институциональных решений, возрождению DeFi и появлению более понятных правил игры.

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