Pantera Capital Partner's Outlook for 2026: Tokenized Gold, Stablecoin Payments, and Other Technologies May Reshape the Crypto Industry Structure

Odaily Planet Daily reports that Jay Yu, a partner at Pantera Capital, published an article on the X platform making 12 predictions about crypto trends in 2026, including:

• Capital-efficient consumer credit: Launching easy-to-use lending applications through on-chain/off-chain credit modeling, modular design, and AI behavioral learning.

• Differentiation of prediction markets: Prediction markets are divided into financial (integration with DeFi, leverage) and cultural (community-driven, long-tail enthusiasts).

• Proxy Commerce with x402 Extensions: Proxy commerce extends to micropayments and regular payments using the x402 endpoint, with Solana outperforming Base on low transaction volumes.

• AI as an encrypted interface layer: AI-assisted trading (such as trend analysis) is becoming mainstream and is gradually being integrated into consumer applications.

• The Rise of Tokenized Gold: Tokenized gold has become an important asset in RWA (Real-World Assets) and a store of value option due to the dollar issue.

• Bitcoin Quantum Panic: Breakthrough in quantum technology sparks institutional discussion about Bitcoin's quantum resistance; the technology has not yet threatened its value.

• Unified privacy development experience: Privacy technologies (such as Ethereum's Kohaku) offer simplified development interfaces and may launch privacy as a service.

• DAT consolidation: Digital asset trading platforms (DATs) are consolidated into 2-3 per major market through liquidation or merger.

• Rethinking the Separation of Tokens and Equity: The governance token crisis has prompted companies to choose privatization, potentially leading to the introduction of redeemable equity tokens.

• Perpetual DEX Integration: Hyperliquid dominates the market, HIP3 markets and yield stablecoins (such as HyENA) become key, and USDC loses ground on HYPE.

• Multi-chain Prop AMM: Prop AMM extends to multiple chains, accounting for more than half of Solana's trading volume and pricing more assets such as RWA.

Traditional fintech companies use stablecoins: Stripe, Ramp, and others use stablecoins to process international payments, and stablecoin blockchains such as Tempo serve as bridges for fiat currency deposits.