2025 crypto recap: what worked and what failed
Quote90 words
Short recap of 2025 teasing A1's report: memecoin mania died, RWAs and stablecoins surged, ETFs and DATs brought institutions, while 10/10 liquidations and TGEs-as-exits hurt.
2025 was a wild year.
The good news:
- Memecoin mania died (was a net negative).
- RWAs (esp stablecoins) surged massively.
- Institutions entered through ETFs and DATs.
- Regulatory frameworks matured.
- Prediction markets & privacy (ZEC) broke out.
The bad news:
- It was a Trump market and macro fucked us.
- We got collectively liquidated on 10/10.
- TGEs became exits and alts went to 0.
- Hacks and exploits are still an issue.
Stay tuned for for our @a1research__ outlook for 2026 dropping next week.
QUOTING @a1research__
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How the covered assets moved · since 16 Jan 2026
Prices as of 23 Oct 2026This market take reads the setup without making a call on the token, so price moves since publication are shown as market context.
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Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.