Pantera Capital highlights new growth signs for the crypto industry, citing improving on-chain fundamentals and favorable regulatory conditions.
High On-chain Activity and Stablecoin Adoption
Pantera Capital notes that layer-1 blockchains are generating $6 billion in annual revenue, while on-chain applications bring in $10 billion, and daily active addresses have reached 17 million.
Increasing Regulatory Clarity
The firm stated that increasing regulatory clarity may 'unleash the entrepreneurial potential that has long been constrained,' highlighting the creation of a White House AI & Crypto Czar as an important step.
Macroeconomic Trends and Impact
Addressing the geopolitical landscape, Pantera Capital noted that while interest rates remain a concern, fiscal policies in the U.S. and China are loosening, boosting global liquidity. This sets the stage for a period of durable growth.
Pantera Capital believes in the long-term prospects of the crypto industry, relying on a combination of high on-chain activity, improving regulatory conditions, and positive macroeconomic trends.
