Coin Metrics report: Crypto investment ecosystem to continue expanding in 2025, but capital allocation becomes increasingly cautious

PANews, December 28 — According to Crowdfund Insider, Coin Metrics pointed out in its "2025 Digital Asset Report" that the crypto investment ecosystem will continue to expand in 2025, driven by institutional adoption, regulatory breakthroughs, and growth in on-chain activity. However, as the scope of investment broadens and the market matures, capital may concentrate on "more liquid, fundamentally demanded, robust tokenomics, and assets with stronger product-market fit, rather than being widely dispersed."

The report also noted that bitcoin's market share "climbed to 64% in 2025, reaching its highest level since April 2021." Meanwhile, the total market capitalization of altcoins remains below the previous cycle high (about 1.1 trillions USD), with the top ten assets by market cap (excluding stablecoins and on-chain derivatives) accounting for approximately 73% of the total market capitalization.