Conversation with HTX Partner: From GameFi to Meme, Market Shifts and Investment Opportunities in the 2025 Crypto Landscape
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Conversation with HTX Partner: From GameFi to Meme, Market Shifts and Investment Opportunities in the 2025 Crypto Landscape
Exploring the evolution of the cryptocurrency landscape in 2025 and investment directions.
Navigating Web3 tides with focused insights
Recently, Huobi HTX's featured column "Dialogue with HTX Partners" invited crypto KOLs Sasaki Hoshino, Vito, Dazhi from DzT DAO, 24Hours, and Cyber Librarian to discuss the evolving landscape and investment opportunities in the 2025 crypto sector under the theme: "Reshaping the 2025 Landscape: Meme Mania, RWA Momentum, GameFi自救, What Imagination Remains for Web3?"
GameFi’s Current State and Challenges
Gaming expert Sasaki Hoshino pointed out that one of the most watched projects in the current GameFi space is the Web3 version of *MapleStory Universe*. Backed by a strong IP, corporate funding, a zero-grind mechanism, and real earning potential, the game has attracted a large user base. However, success in GameFi largely depends on how players engage—users who don’t know how to play may not profit at all.
In addition, the Ronnie ecosystem and Abstract ecosystem are currently hotspots in GameFi. OnChain Heroes within the Abstract ecosystem is in a spiraling upward lifecycle with an extremely short payback period, though entering now carries high risk. The Ronnie ecosystem is favored for its low entry barrier and strong asset sales performance, but it also faces the risk of “bad money driving out good.”
Dazhi, founder of DzT DAO, believes one major issue facing GameFi is outdated gameplay lacking innovation and fun, making it hard to attract new players to participate and build. While the early “play-to-earn” model drew massive attention, it easily leads to player fatigue and drifts from the essence of gaming. Another problem is player attrition in blockchain games. Fierce market competition, unstable economic models, poor user experience, and severe inflationary bubble economies—all contribute to ongoing user loss. As a result, the blockchain gaming market tends toward short-term speculation.
GameFi OG Cyber Librarian analyzed GameFi’s困境 from multiple angles. First, the overall market environment is weaker compared to 2021–2022. Second, project teams face issues like “death spirals,” while community players often harbor anti-VC sentiment, leading to lack of long-term support and eventual collapse of economic models.
Vito, co-founder of MetaEra, believes GameFi can break through by integrating AI technology. AI can significantly reduce development costs and enhance gameplay enjoyment and personalization, thereby attracting more users. Additionally, GameFi’s economic models need innovation to avoid falling into the trap of becoming mere “capital games.”
Is There Still Opportunity in the Meme Coin Sector?
Over the past year, meme coins have vastly outperformed GameFi, with many achieving hundredfold or even thousandfold gains. Cyber Librarian believes the key to meme coin success lies in their simple narratives and strong speculative nature. Meme coins require no complex content updates or user retention strategies; they have short cycles and high returns, making them more attractive to participants. In his view, meme coins represent emotional capitalism overturning traditional value investing—they are leverage on human psychology, and will persist and evolve into even more novel forms.
24Hours, partner at ChainShadow, noted that behind the frenzy of meme coins lies deliberate orchestration. From runes and inscriptions in 2023 to celebrity-themed tokens in 2024, each wave of meme coin hype has been accompanied by new narratives and mechanics. Opportunities for rapid wealth creation still exist, but investors must practice proper risk management and capital allocation.
Dazhi and Sasaki Hoshino both agree that meme coins are highly volatile, and investors should remain calm and manage their emotions carefully, avoiding excessive speculation.
What Impact Does Trump’s Plan to Include 5 Cryptocurrencies in Strategic Reserves Have?
Recently, Trump announced a crypto reserve plan to include five digital assets, including BTC and ETH, in strategic reserves.
Regarding this, Vito believes that in the short term, this is simply a continuation of Trump’s campaign promise and shouldn’t be overinterpreted. But if it evolves into a USD-Bitcoin dual-circulation system replacing the USD-RMB cycle, the implications would be enormous. In the medium to long term, expectations should not be underestimated. Trump’s policies could drive legislative progress and capital inflows into the crypto market. Moreover, once Bitcoin is included in U.S. national reserves, other countries may shift from观望 to following suit, unleashing massive buying power.
Sasaki Hoshino stated that Trump’s crypto reserve initiative injects new liquidity into the market, which is positive news for the crypto industry. He advises investors to remain cautious before policy clarity emerges, avoiding chasing prices too aggressively.
24Hours believes this policy marks Bitcoin’s departure from the niche crypto circle and its integration into the “U.S. stock market” category, entering the core of the American financial system. For crypto users, it’s important not to be swayed by emotion—enduring the current small bear market still offers future opportunities.
What Suggestions Do You Have for Huobi HTX?
At the end of the discussion, the guests shared suggestions for Huobi HTX and its users.
24Hours said to trust outcome-oriented actions—Sun’s market rescue efforts deserve support, and he recommends buying USDD. Vito noted that Sun is clearly working hard, and hopes users will experiment more while ensuring fund safety, supporting HTX and Sun’s new initiatives. Sasaki Hoshino emphasized that protecting principal is the top priority in today’s market—only with capital secure can one seize future opportunities.
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