#数字资产市场洞察 The 21 Mainstream Narratives in the Crypto Space in 2025: My Personal Sharp Critique — from the most hyped concepts to gradually cooling stories.

The focus remains on two directions.

The integration of AI and crypto, as the infrastructure for data processing and intelligent agent operation, indeed has great potential. This is not just a slogan but a real technological overlay.

SocialFi is a bit more complex. The core pain points are clear — user retention is painfully low, and product-market fit is always misaligned. Many projects burn through money to boost activity, but users just turn around and leave.

But I still remain optimistic about it. Because social interaction is fundamentally one of humanity’s most primitive needs, unavoidable in any era. SocialFi will eventually find that explosive point, it just takes time and the right product design.

$BTC and $ETH remain the cornerstone of this ecosystem, while new opportunities are brewing in AI-driven application layers and social protocols.

Let’s see how these narratives will evolve this year.