VanEck is making some big predictions for the world of decentralized finance, or DeFi, in 2025. They expect to see a major surge in trading volumes.

According to their latest report, decentralized exchanges, known as DEXs, will capture about 20% of the trading volumes from centralized exchanges, or CEXs. That’s a significant shift!

Even though DEX trading volumes are hitting record highs, the total value locked (TVL) in DeFi is still 24% below its peak. VanEck believes that DEX trading volumes could exceed $4 trillion next year. This growth will be driven by the rise of AI-related tokens and new consumer-friendly decentralized applications, or DApps.

Moreover, the introduction of tokenized securities and high-value assets will boost DeFi. This will bring in fresh liquidity and expand its utility. VanEck projects that TVL in DeFi will rebound to over $200 billion by the end of 2025. This reflects a growing demand for decentralized financial services in our evolving digital economy.

On top of that, VanEck predicts that the broader cryptocurrency bull market will continue through 2025. However, they expect a market correction to kick in during the first quarter. After this correction, they have bullish price targets for several leading cryptocurrencies.

For instance, they believe Bitcoin (BTC) could reach around $180,000, while Ethereum (ETH) might trade above $6,000. Other notable projects, like Solana (SOL) and Sui (SUI), could surpass $500 and $10, respectively.

Following this initial peak, VanEck anticipates a 30% drop for Bitcoin and even sharper declines of up to 60% for altcoins as the market consolidates during the summer. But don’t worry—there’s a recovery expected in the fall. Major tokens are likely to regain momentum and could hit their previous all-time highs by the end of the year.