Empire

Our 2026 Predictions

43 snips
Dec 26, 2025
The hosts reflect on their 2025 predictions before diving into insights for 2026. They explore stablecoin growth, with predictions for Visa's massive card settlements and bank-backed stable USD accounts. The discussion covers on-chain identity and decentralized storage's revival. They also foresee fintechs adopting DeFi solutions while predicting a tenfold growth in prediction markets. The forecast includes potential acquisitions in the crypto space and the emergence of tokenized collateral, highlighting a pivotal year ahead for digital assets.
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ADVICE

Express Embedded DeFi Via Proven Protocols

  • Consider tokens like Aave or Morpho to express an embedded-DeFi infrastructure bet if you want protocol exposure.
  • Jason Yanowitz and Rob Hadick highlight Aave's moat and Morpho's product integrations as practical ways to play embedded DeFi.
INSIGHT

Fee Capture Favors Apps Over L1 Valuations

  • DeFi protocols capture an outsized share of fees but remain a small share of market cap, suggesting a potential re-rating opportunity.
  • Santiago Roel Santos frames this as a generational pair trade: apps (DeFi) vs L1s.
INSIGHT

Privacy As A Paid Option Across Chains

  • Major chains and wallets will add opt-in private transactions and monetize them as a premium feature.
  • Jason Yanowitz expects privacy to become a mainstream, paid offering across many chains in 2026.
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