Stacy in Dataland (´⊙~⊙`)

Blockspace keeps getting cheaper as throughput scales and fees drift toward cents. That shift unlocked more consumer flows and high-frequency use cases – sub-$1K USDT and USDC transfers crossed 10M this year, over 3× YoY.

In 2021, Coinbase lived almost entirely off trading fees. By Q3 2025, ~40% of revenue comes from subscriptions and services. Survivors diversify.

Probably not shocking: only ~12% of 2025 token sales are still above their launch price. Most deals popped early and faded fast, with attention shrinking and holding periods compressing. Token-sale investing turned into a timing game.

Just dropped my watchlist, based on a16z Big Ideas for 2026. Enjoy reading!

Prediction markets aren’t just about elections anymore. Open interest hit a new ATH in December 2025, confirming PMF across broader event classes. This category escaped its original box.

Tokenized stocks just hit a $1.2B market cap ATH. Feels like stablecoins circa 2020 – niche, misunderstood, and clearly not done yet.

Stablecoin activity during European hours jumped sharply in 2025. Even under tighter regulation, usage keeps growing – adoption doesn’t wait for perfect policy.

Not funny, but factual: BTC has never closed a year red – until now. 2025 ends with BTC at roughly -6% YTD. History doesn’t repeat, but it does flinch sometimes.

Arbitrum scaled its Treasury Management Program to $100M+ across RWAs, ETH, ARB, and stables. In 2025 alone it generated $2M+ in yield, running around ~3% APY over the last month. Boring, but effective.

By the end of 2025, L1s still dominate user mindshare. Narratives rotate, but base layers keep pulling attention.

Let's say "bye" to 2025 and see what it was like ↓ General ➖ Cryptorank: Bitcoin Is No Longer the Energy Threat, but AI Is Becoming One ➖ Cryptorank: 2025 Recap: Milestones and Events ➖ DL Research: The World Crypto Rankings ➖ Binance: Navigating Crypto: Industry Map ➖ Galaxy: Weekly Top Stories - 12/26/25 Market ➖ CoinShares: Digital asset fund flows | December 29th, 2025 ➖ CoinShares: Equities update | December 29th 2025

2025 wasn’t kind to GameFi: funding is down 55%+ YoY and most hyped launches failed to deliver. What’s actually working are Web2.5 games – teams like Fumb, Mythical, and Wemade using blockchain as infra, not a product. Web3-native games still print some revenue, but player depth collapses once incentives fade.