Three factors are boosting our outlook for the year of 2025:

Ecosystem developments: While October's geopolitical tensions led crypto market to decline, Trump’s election spurred a digital asset rally, with BTC hitting new highs and key fundamental metrics improving. For smart contract platforms, regulatory progress is set to unlock practical use cases, bolstering their investment appeal.

Institutional adoption: It’s been a tremendous quarter in that regard. UBS debuted its first tokenized fund, showcasing blockchain's potential. Also, Stripe acquired Bridge to challenge SWIFT and credit cards, and Alchemy Pay integrated with Samsung for global crypto payments, among other developments.

Regulatory breakthroughs: The EU’s MiCA Regulation is now fully implemented, strengthening digital asset standards and trust in Europe’s crypto market. Trump’s victory in the US ushering in for crypto adoption in US. Europe leads with the Digital Euro and e-identity systems, paving the way for institutional growth in 2025.