Pantera Capital Partner predicts next year's crypto trends: market will differentiate through competition, Bitcoin quantum panic will persist, DAT integration

On December 25th, Pantera Capital Associate Jay Yu published a post making 12 predictions about crypto trends in 2026, including: · Capital-efficient consumer credit: Launching simple lending applications through on-chain/off-chain credit modeling, modular design, and AI behavior learning. · Divergence in prediction markets: Prediction markets divided into financial (integrated with DeFi, leveraged) and cultural (community-driven, long-tail enthusiasts) directions. · Agency commerce and x402 expansion: Agency commerce extending to micro-payments and regular payments using x402 endpoints, with Solana surpassing Base in low-volume transactions. · AI as an interface layer for crypto: AI-assisted trading (such as trend analysis) becoming mainstream and gradually integrating into consumer applications. · Rise of tokenized gold: Tokenized gold becoming an important asset for RWA (real-world assets), serving as a store of value due to issues with the US dollar. · Bitcoin quantum panic: Breakthroughs in quantum technology sparking institutional discussions on Bitcoin’s resistance to quantum attacks, though the technology currently does not threaten its value. · Privacy unified development experience: Privacy technologies (like Ethereum’s Kohaku) offering simplified development interfaces, potentially launching privacy-as-a-service. · Integration of DAT: Digital Asset Trading platforms (DAT) consolidating into 2-3 major markets through clearing or mergers. · Rethinking token and equity separation: Governance token crises prompting companies to go private, possibly introducing redeemable equity tokens. · Perpetual DEX integration: Hyperliquid leading the market, with HIP3 markets and yield-stable tokens (such as HyENA) becoming key, USDC losing ground on HYPE. · Multi-chain Prop AMM: Prop AMM expanding across multiple chains, accounting for over half of Solana’s trading volume, pricing more assets like RWA. · Traditional FinTech adopting stablecoins: Stripe, Ramp, and others using stablecoins for international payments, with stablecoin chains like Tempo becoming bridges for fiat on-ramps. Notably, Jay Yu claims his accuracy rate for predictions in 2025 is as high as 7/10, including precise predictions about Solana developer migrations.