The year in data: 5 charts that show how crypto changed in 2025
Despite Bitcoin reaching all-time highs, 2025 saw a downturn in the crypto market, marked by ETF inflows, stablecoin adoption, and shifts in decentralized finance.Summary
2025 presented a mixed bag for the crypto industry, failing to meet expectations following a positive 2024 despite Bitcoin's record highs. The year saw approximately $21.8 billion in net inflows into U.S. spot crypto ETFs, led by BlackRock's IBIT, and a surge in stablecoin adoption, with the total supply reaching nearly $300 billion, driven by integrations with major payment firms like Stripe. Prediction markets, exemplified by Polymarket and Kalshi, gained mainstream traction, attracting significant investment and partnerships. A resurgence in perp DEX activity was observed, with Hyperliquid, Aster, and Lighter competing for market share, while the 'DAT' (Digital Asset Treasury) boom experienced a significant bust, with the stacked market caps of leading companies plummeting despite continued Bitcoin accumulation by firms like Strategy.
(Source：The Block)