Fixygen: Best Crypto Startups of 2025 — Who Really Moved Market
01.01.2026 10:50
2025 turned out to be the year of “infrastructure instead of hype.” The fastest-growing projects were those that simplify payments and onboarding, build rails for stablecoins and tokenization, and close security gaps. Against this backdrop, the capitalization of stablecoins, according to industry reviews, grew significantly and reached approximately $306 billion by December. At the same time, Artemis analysts estimate the annual on-chain settlement of stablecoins at around $26 trillion (after cleaning up the “noise”) — this explains why a new “startup boom” has emerged around stablecoins.
1) Privy (onboarding and wallets as a service)
One of the most notable successes of the year is the infrastructure for built-in wallets and web3 login. Privy raised additional funding in the spring and was acquired by Stripe in June — a rare case of a web2 giant “taking over” web3 infrastructure.
2) Plasma (blockchain “for stablecoins”)
While “universal” L1/L2s were arguing about TPS, individual teams began to build networks with one key use case in mind: stablecoins and payments. Plasma raised a round of funding to develop a stablecoin-oriented chain and payment infrastructure.
3) Coinflow (stablecoin payments for businesses)
Focusing on the simple integration of stablecoins into payments for goods and services. In 2025, Coinflow raised a significant round of funding for the development of its payment platform and B2B partnerships.
4) Speed (Lightning payments: BTC + stablecoins)
In parallel with the “stablecoin highway,” Lightning has also gained momentum as a fast payment layer. Speed raised $8 million from Tether and Ego Death Capital to scale payment solutions on Lightning.
5) Stable Sea (stablecoin treasury and cross-border)
A new wave of services that make stablecoins a “treasury” for companies: liquidity management, international transfers, and fintech integrations. Stable Sea attracted a seed round and is directly positioned as infrastructure for institutional treasury operations.
6) Block Street (tokenization of shares: execution layer)
In 2025, the tokenization of public assets became a topic again, but with an emphasis on “how to execute transactions and settlements” rather than marketing. Block Street raised $11.5 million for an execution infrastructure for onchain shares.
7) EigenCloud (development platform around the restaking idea)
The trend of the year is the transformation of “crypto security as a resource” into a product for developers. Eigen Labs promotes EigenCloud as a platform layer where cryptoeconomics and security become part of the dev infrastructure.
8) Hexagate / security-as-a-service (signals, monitoring, prevention)
Against the backdrop of increasing attacks, those who sell not “annual audits” but continuous monitoring and response are winning. In 2025, Chainalysis actively promoted Hexagate Security as a separate direction for funds and ecosystems.
9) Crown (regional stablecoins and local currencies)
Another sign of maturity is the growth of stablecoins pegged to local currencies. Crown (BRLV, Brazilian real) raised $13.5 million in Series A funding in December with a reported valuation of around $90 million.
What Fixygen considers to be the main trend for the “near future”
In 2026, it is logical to expect acceleration in areas where crypto already competes with traditional rails: stablecoin payments, “painless wallets,” tokenization of simple instruments (primarily money and short-term bonds), as well as security and compliance as a mandatory part of the product.
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