5 On-Chain Predictions in 2025: The Lead of AI Agent & Hyperliquid

2024 is seen as an important year for on-chain development, with the emergence of many new investment opportunities.

The popularity of the notion “anything can become a meme” and the development of rapid asset issuance platforms, such as Pump.fun, have facilitated meme coin projects.

These projects can reach a market capitalization of up to $1 billion even if not listed on the leading centralized exchanges (CEX).

However, the market also has its drawbacks. New projects listed on CEX often have low performance due to conflicts between venture capital funds (VCs) and the community. Older projects also have difficulties due to lack of development motivation or failure to adapt in time to market changes.

Based on these analyses, Wu Blockchain has given 5 predictson on-chain trading and investment in 2025.

DEX will surpass CEX

The monthly trading volume ratio between a decentralized exchange (DEX) and a centralized exchange (CEX) is expected to exceed the 20% threshold for the first time in history.

Data from The Block shows that DEX trading volume reached more than $320 billion in December 2024, an impressive growth of more than 200% year-on-year. The DEX/CEX trading volume ratio in December 2024 was 11.64%, up from 9.55% compared to December 2023.

This development is driven by several factors, including:

• Improving user experience: CEX exchanges are actively optimizing Web3 wallets and other on-chain tools, making it easier for users to access and use decentralized trading platforms.
• The Explosion of the Meme Field: The Meme sector is attracting great interest from the community, creating a diffuse effect and encouraging users to switch from CEX to DEX.

AI Agents Dominate the Market

The combination of Agenti AI(artificial intelligence agents) and tokens are becoming the hottest growing trend in the cryptocurrency market. AI Agents with superior data automation and analytics capabilities are widely applied in many fields, from chatbots to portfolio management.

Wu Blockchain predicts the total market capitalization of AI Agent/AI Meme will surpass the peak of NFTs, with at least one AI Agent token reaching a capitalization of over $10 billion.

Some frameworks under development and operation include:

• ai16z - Eliza:Developed by ai16z DAO, Eliza enables AI Agent and token deployment.
• Virtuals Protocol - Game Framework: The platform focuses on building AI Agents for games.
• Other frameworks: arc Framework, Zerebro - Zerepy, Dolion Framework are also being developed and perfected, contributing to enriching the AI Agent ecosystem.

Among them, ai16z - Eliza and Virtuals Protocol - Game Framework are considered to have a solid position. Subtokens and agents from these frameworks are being launched on the market.

According to CoinGecko, the total market capitalization of AI agent-related tokens has reached $12 billion. Virtual's Virtuals Protokollis currently the highest-valued AI Agent token, with a market capitalization of $3.5 billion. This token acts as a trading token in the Base ecosystem, similar to SOL on the Solana network.

Pump.fun expands to new areas

Pump.fun, the low-cost token issuance platform on the Solana network, achieved resounding success in 2024.

The development of Pump.fun has inspired other blockchain networks to develop similar platforms, such as SunPump on Tron, Uptos on Aptos, and Clanker on Base.

The trend of “anything can become a meme” is driving the need to segment the market and the introduction of vertical pump.fun platforms, focused on specific sectors. For example:

• vvaifu: focus on launching AI Agent
• Pump Science:focus on DesCI (decentralized science)

Wu Blockchain anticipates adding vertical Pump.fun platforms, creating new niches.

The base will grow in 2025.

Binance has listed perpetual contract trading pairs for DEGEN, AERO, VIRTUAL and AIXBT, but has not listed any native spot tokens from the Base ecosystem.

Base is a potential Ethereum layer 2 network, capable of competing with Solana in user traffic, transaction activity and asset creation.

As a network belonging to the Coinbase exchange, Base benefits from integration with Coinbase Wallet, allowing users to easily switch between fiat and cryptocurrency.

With the return of the Trump administration and potential crypto policies, Coinbase and Base may be the first to benefit.

Wu Blockchain predicts that 5 base ecosystem native tokens will be listed for spot trading on Binance.

Hyperliquid - On-chain exchange for users

Hyperliquid has captured the attention of the community through programs airdrop token HYPElarge scale. Currently, Hyperliquid's Arbitrum Bridge holds more than $2 billion USDC. HYPE's total market capitalization once exceeded $10 billion.

Hyperliquid's HIP-1 and HIP-2 standards offer the opportunity to list exclusive assets. HIP-1 enables live token trading on the blockchain, while HIP-2 supports the market performance of tokens by embedding liquidity from the moment of issuance.

Given the challenges and high costs of listing on top CEXs, Hyperliquid's spot listing auction launch has become an attractive option. Projects such as Solv Protocol (SOLV) and Azuki - Anime (ANIME) have completed auctions on Hyperliquid.

Currently, the market cap and spot trading volume of Hyperliquid are mainly focused on HYPE. Partnering with high-quality proprietary projects to create an effect for proprietary assets is an effective strategy. Wu Blockchain predicts that Hyperliquid will create many opportunities for spot trading with large market capitalization.

In summary, 2025 is predicted to be a year with many opportunities for the on-chain market. The development of new technologies and ecosystems is ushering in a new era for decentralized financial markets.