🧵 The Real Drivers of the Next Cycle: x402, Stablecoins, and Tokenized Assets

For anyone unsure about the current market or what will drive the next cycle, the a16z “State of Crypto 2025” report lays out a clear narrative.

#crypto is evolving

Slow and steady, that’s how you win.
What a morning to wake up to.

$GIGGLE is testing patience, but I’m holding strong.

$DARK just rolled out Mallory, an open-source glimpse into the future of consumer AI apps.

Think: crypto-integrated, API-native, and developer-first.

Some of the key features are:
- Integrated with 19
@nansen_ai
x402 APIs.

$TAO doesn't care what $BTC is doing.
It has its own way to go.

$BTC
Quick market data peep before sleep

So far this is a very steady sell off quite well managed by the market actually
~ led by spot selling