From Cointelegraph
May 16, 2025 12:47 am:

Despite a lack of hype in the current crypto bull run, WisdomTree’s head of product, Jason Guthrie, remains optimistic. The market is more mature this cycle, with no single use case driving growth. ICOs peaked in 2018 at $33.4 billion, but NFTs have also cooled off after hitting $57.2 billion in trading volumes.

The overall crypto market capitalization hit $3.71 trillion in December 2021. Companies like GameStop and countries like Ukraine are adopting crypto for treasuries. Memecoin hype, such as around Solana, is less prevalent this time. Memecoin activity spiked after the launch of President Trump’s memecoin but dropped due to bad launches and rug pulls.

Jason Guthrie believes there is still room for innovation in the crypto market, even though it has matured. The market is more sustainable and settled on its use cases compared to previous cycles. The memecoin frenzy has waned, but the overall market continues to grow.

Read more at CoinTelegraph: Crypto’s lack of ‘frothy use case’ a good sign: WisdomTree exec