Delphi's DeFi Year Ahead 2025

Bullish:

• $ZKTLS - ZkTLS technology is seen as a promising development in DeFi, allowing for authenticated interactions with HTTPS servers on-chain through zero-knowledge proofs.

  • “ZkTLS basically lets you ignore that, and create a transcript and authentication of your interaction with, like like, a h t p HTTPS server. And so it does that...you use this, 0 knowledge proof, and you bring it on chain.”

    Jordan·40:37
• $STABLES - New iterations of stablecoins, referred to as 'stablecoin 2.0' or even '3.0', are emerging with potential advantages over existing models, building on the concept of yield-bearing stablecoins.

  • “These are what I'm calling kind of stable coin 2 point o's. You could even call them 3 point o's to to some degree, because prior to this we had yield bearing stable coins, and that was kind of a very hot topic for a while.”

    Robbie·36:38
• $DEFI - Consumer-facing DeFi is becoming increasingly viable, with excitement building around its potential applications and accessibility for everyday users.

  • “Consumer DeFi is almost here. I feel like a lot of us that have been in DeFi for, like, several years now, this is one of the things that, we were hoping to see one day.”

    Jordan·2:08
• $INFRA - The MEV supply chain is maturing, with value expected to accrue to order flow originators like wallets. Additionally, there's a push for open-source solvers to handle routing problems in DeFi, potentially reducing reliance on intermediaries.

  • “I think as we're gonna see this MEV supply chain continue to mature...I think that's a really important nuance. What you're kind of seeing is, you know, I think the natural law here is that at the end of the day value is going to accrue to whoever is sort of the originator of that order flow”

    Robbie·50:28

  • “I hope over the long term in DeFi, what we see is that we just have, like, these open source solvers, that can do the routing problem for you, potentially maybe embedded within a team that any user can access.”

    Neil·59:40