Takeaways From DAS 2025

Bullish:

• $STABLES - Stablecoins are expected to see massive growth in assets under management, supported by institutional and regulatory backing, including potential use to maintain US dollar dominance.

  • “However big you think stablecoin AUM will get, you're probably thinking too small.”

    Jason·48:44
• $CEFI - US and Asian crypto exchanges are expanding their offerings and market presence, with US exchanges moving into equities and Asian exchanges entering or re-entering the US market.

  • “All US exchanges are racing to offer equities.”

    Jason·33:08

  • “The Asian exchanges are racing to enter or, in some instances, reenter The United States.”

    Jason·34:11
• $FINTECH - Fintech companies are rapidly expanding their crypto offerings beyond just the top few cryptocurrencies, indicating a broader embrace of crypto assets by traditional finance.

  • “They're all racing to offer crypto assets. And I'm not talking about, you know, Robinhood offering Bitcoin, ETH, and Solana. I'm talking about the top 100.”

    Jason·34:32
• $RWAYIELD - There's growing experimentation in bringing real-world asset yields on-chain, potentially creating new yield sources for crypto investors.

  • “There's gonna be more experimentation here of, crypto people looking to coordinate potentially through Deepen, additional sources of yield that you can import on chain.”

    Mike·31:49

Bearish:

• $KYCPROTO - KYC protocols are viewed as ineffective, particularly for sophisticated users, and may face challenges in the crypto space.

  • “KYC is a failed experiment. You know, it mostly is just a, is administrative overhead on retail because anyone who's sophisticated can trivially evade KYC programs, and they don't really work”

    Mike·56:03