2025 reshaped the crypto landscape fundamentally.

Bitcoin has crossed into institutional territory—it's now functioning as a genuine macro asset, commanding roughly 60% of total crypto dominance. What shifted? Capital consolidated at the top while trading activity migrated offshore through ETFs and professional custody solutions.

Meanwhile, stablecoins quietly became a payments powerhouse. They processed $33T in volume through the year—nearly double what Visa handled—and wrapped up with a market cap exceeding $300B. That's not just growth; that's a parallel financial infrastructure materializing in real time.

DeFi continues pushing forward too, though the narrative feels less frothy than before. The ecosystem's maturing alongside everything else.