Alana Levin – Crypto Trends Report, 2025

The main theme of the report is the analysis of the growth of the crypto industry through the lens of three phases presented as S-curves: asset creation, asset accumulation, and asset utilization.

Phase 1: Creation - Describes the process of tokenizing values, starting with the launch of Bitcoin in 2009 and expanding to various types of tokens. Phase 2: Accumulation - Examines the increase in the quantity and value of assets, driving demand for storage, exchange, and security of crypto assets. Phase 3: Utilization - Describes the use of assets, including stablecoin payments, lending, liquidity provision, and staking.