#Strategy加码BTC配置 What will the crypto market look like in 2026?

Recently, I came across an in-depth analysis of future trends, and the data within it prompted a rethinking of the entire industry’s logic.

**Let’s look at three core data points:**
The stablecoin market is expected to reach $1.2 trillion by 2028; trading volume in prediction markets will surge to billions of dollars; and on-chain transaction volume could break through hundreds of billions. In simple terms, the entire infrastructure of digital assets is undergoing a fundamental upgrade. $ETH

**The real change lies in the shift of pricing logic**

In the past, we discussed what could appreciate in value, with the simple answer being holding coins for potential gains. But now, the rules are changing.

First, on-chain space itself has become a scarce asset. Imagine if on-chain space were standardized, priced like energy, tradable, and contestable—those who control it would control transaction fees, transaction ordering rights, and ultimately, value capture. This phenomenon will become increasingly evident by 2026.

Second, the driving force behind token value is shifting from story-driven to cash flow-driven. Tokens without real income support are beginning to be systematically phased out by the market. In the future, only three sources will sustain value: genuine fee dividends from protocols, buyback actions by project teams, and long-term deflation through token burning mechanisms. This shift means that the actual operational capability of a project will become more important than storytelling ability. $ZEC

Third, privacy is at a critical point. As zero-knowledge proofs (ZKP) and fully homomorphic encryption (FHE) technologies mature, on-chain privacy protection will become a fundamental requirement for financial and AI applications. The potential of privacy infrastructure might be seriously underestimated.

**The core logic is:**
2026 is not the market peak, but the time when a new wealth distribution pattern begins to take shape. Infrastructure maturity is sufficient, real application demands are going on-chain, and inflowing capital will be redistributed according to new game rules.

Smart money is researching underlying assets like on-chain space, while ordinary participants are still debating coin price fluctuations. That’s the difference. $PEPE