2025 Crypto Market Transformation: Deleveraging, Stablecoin Explosion, RWA Expansion, Market Enters Trust Cycle

2025-12-23 02:00:11

[Coin World] In 2025, the crypto market experienced a thorough reshuffle. Over $19 billion in liquidations repeatedly played people for suckers among overly leveraged participants, as the market began to shed its speculative shell, with true balance sheet management becoming the core logic.

The growth of stablecoins is the most telling issue. The total supply has increased by over 50% year-on-year, with more than 20 billion dollars directly flowing into interest-bearing stablecoins. This is no longer a simple payment tool - users are thinking about how to generate returns from stablecoins, which means the mindset of the entire industry is upgrading.

The expansion of real-world assets (RWA) on-chain has been particularly significant. It has surged from $4 billion to $18 billion, with traditional financial assets accelerating onto the blockchain. This is a signal: the crypto market is no longer just a playground for virtual assets, but is gradually becoming a container for real assets.

The derivatives market is also expanding rapidly. The proportion of derivatives trading on DEX and CEX has increased to four times that of the past, indicating that more and more professional participants are managing positions and hedging risks here. From pure speculation to structured financial products, the crypto market is forging its own financial infrastructure.

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MetaNomad

· 2025-12-25 04:23

190 billion liquidation and margin calls, this is the market's tuition fee. Margin traders, it's time to wake up. Stablecoin yield? Finally someone is taking idle funds seriously, but can the returns really be trusted? RWA from 4 billion to 18 billion, the growth rate is outrageous. Traditional finance is starting to panic too. Honestly, compared to those vague concepts, I prefer the idea of real assets being tokenized on the chain. I don't sympathize with margin liquidations, but this round of reshuffling has definitely separated the chives from the institutions. Stablecoin growth rate of 50%? This is the right way for crypto—transforming from speculation to investment. I'm holding a wait-and-see attitude towards RWA. While real asset tokenization sounds appealing, the regulatory pitfalls are not yet clear. With derivatives expansion, are we about to enter a new cycle of "chopping the chives" again?

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BearMarketMonk

· 2025-12-24 11:06

19 billion liquidation, this time it's really a clear case of cutting leeks. Leveraged traders should wake up. Staking stablecoins, it seems everyone finally understands that money needs to flow to be interesting. RWA from 40 to 180? That's a bit exaggerated. Are the traditional finance folks really coming in? Derivatives are surging... another round of harvesting is about to begin. I think I'll just lie low. This round of reshuffling seems to have separated genuine players from gamblers, which is the real deal.

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ContractTearjerker

· 2025-12-23 02:28

$19 billion get liquidated? This is called reshuffling, suckers are still dreaming of counting money. Stablecoin interest really got intense, this is the right path. RWA increased from 4 billion to 18 billion, the flavor of TradFi getting stronger. The leverage monsters are dead, asset managers are rising, this is how it will change by 2025. But earning on stablecoins is much more stable than cryptocurrency trading, need to learn how to earn passively. Wait, are derivations still big pump? This logic is a bit convoluted. De-leveraging is truly the trend, the old playbook is completely eliminated. I’m optimistic about the RWA explosion, legitimate assets on-chain is the future. A 50% rise in stablecoins isn't too much, I think it will continue to go crazy. Is it true or false, has the market matured or is it just a new trick to play people for suckers?

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GasFeeTears

· 2025-12-23 02:27

1.9 billion Get Liquidated, it's time to wake up, the grave of leveraged traders is getting higher and higher. But the interest-generating stablecoins have really changed the game rules, finally someone is thinking about how to make money instead of blindly messing around. RWA from 40 to 180? This is what real assets are, not those scamcoins' games. Derivation To da moon, CEX and DEX are all in the competition... who will be the next to go bankrupt? Trust cycle? I see it as a reshuffling cycle, only those who survive deserve to be called players.

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SatoshiNotNakamoto

· 2025-12-23 02:21

19 billion Get Liquidated, this has indeed awakened many people, the leverage monsters should reflect on themselves. But the earning stablecoin has really taken off, just lying down to earn has changed the strategies of too many people. RWA has increased from 40 to 180, this growth rate is outrageous, TradFi is really taking this seriously. As for the rise of derivation, it's a double-edged sword, depends on how to use it.

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AirdropHunterXiao

· 2025-12-23 02:17

190 billion Get Liquidated, the leverage guys are going to eat dirt again haha The situation with stablecoin yield has indeed changed, but can we really see the returns? RWA from 40 to 180? This number is a bit confusing for me, does TradFi really need to embrace on-chain? Derivations are heating up again, it feels like we're starting to get into a competitive spiral... Yielding stablecoins are good, but I'm afraid it's just another pitfall This round of leverage cleansing is really thorough, luckily I didn't participate Is RWA on-chain reliable? I'm just afraid there's a lot of fluff in asset tokenization Stablecoins really aren't stablecoins anymore, they're quickly becoming financial products 190 billion Get Liquidated, this is what we call market reshuffling, those who got played for suckers should reflect On-chain assets have increased by more than 4 times, who still dares to say encryption is just speculation?

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CountdownToBroke

· 2025-12-23 02:13

19 billion Get Liquidated is really harsh, this time it finally washed out the suckers. The rise of stablecoin this time is quite fierce, interest-generating stablecoins are the real financial products. RWA went from 40 to 180, bringing traditional finance on-chain is no longer a dream, it's starting to have something. With such a high proportion of derivation, is Margin Trading coming back again? It feels like no lessons have been learned. Real assets on-chain, this is the future of crypto, the virtual amusement park should wrap up. But the interest-generating stablecoin part hit the mark, finally someone understands the value of this thing. Margin liquidation of 19 billion, are the ones who got played for suckers reflecting on it?

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StablecoinSkeptic

· 2025-12-23 02:11

1.9 billion Get Liquidated, is this really going to wash out completely this time? Feels like we're telling a story again. Stablecoin earning interest? Please, where does the yield come from? In the end, it's still the suckers who pay. RWA quadrupling is a bit ridiculous; no one is talking about the actual Liquidity situation. So many people are still playing with leverage, and liquidation can't be completed. What's the difference between this "upgrade" and the last "upgrade"? It's just a change of wording. Can traditional finance become reliable just by going on-chain? That's really wishful thinking. Is the explosion of stablecoins a good thing or a troublesome thing? It depends on how it collapses later. The high proportion of derivatives trading... Looks like they're piling on leverage again. As for the so-called trust cycle, I think we'll have to wait a bit longer. Will this market attitude shift also be the eve of another round of Be Played for Suckers?

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MevTears

· 2025-12-23 02:00

1.9 billion Get Liquidated, it’s time to wake up, the leveraged traders will always pay the price. The interest earning on stablecoins, I see it really is changing, no longer as purely payment-oriented as it used to be. RWA skyrocketed from 4 billion to 18 billion? This is indeed a watershed moment, feeling like TradFi is officially getting on board. DEX derivation To da moon, sooner or later it will get people killed.

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