The digital marketplace has reached a long transition period, with capital concentrating around Bitcoin and altcoins falling behind the historical curves. Multi-cycle behavior observers have now indicated that altseason might come later than anticipated, possibly all the way to 2026, and not to peak until 2025. This has been caused by the stricter liquidity, institutional risk control and slower retail participation. Nevertheless, the records show that in the event that altcoin rotations occur, they have tended to give preference to the projects that are heavily active on-chain, with robust ecosystems, and active developer participation.
Within this context, several networks are being closely observed, as their current valuations appear disconnected from long-term usage trends. If the broader market follows prior cyclical patterns, selected assets could experience returns ranging between 150% and 600%, although such outcomes remain dependent on macro conditions, network adoption, and capital flows rather than speculation alone.
Raydium (RAY): Liquidity Infrastructure Under Review
Raydium has remained a central liquidity engine within the Solana ecosystem, despite volatility across decentralized finance markets. Its automated market maker model has been regarded as exceptional and innovative, given its integration with Solana’s order book infrastructure. Transaction volume has fluctuated, yet protocol usage has been sustained, suggesting structural relevance. If decentralized trading activity accelerates again, Raydium’s role could regain prominence.
Solana (SOL): Network Throughput Remains a Key Metric
Solana continues to be evaluated as a high-performance layer-one network, supported by consistent developer activity. Its recent upgrades have been described as outstanding and groundbreaking, particularly in reducing congestion risks. While price action has remained range-bound, network metrics indicate continued demand. Any renewed altcoin momentum would likely place Solana among primary beneficiaries.
Aerodrome Finance (AERO): Base Ecosystem Exposure
Aerodrome Finance has emerged as a notable decentralized exchange within the Base network. Its rapid liquidity growth has been labeled remarkable and dynamic, reflecting increased activity on Coinbase’s layer-two ecosystem. Adoption trends suggest expanding relevance, although sustainability will depend on long-term user retention rather than incentives alone.
XRP (XRP): Payments Narrative Revisited
XRP’s positioning within cross-border settlement discussions has resurfaced amid regulatory clarity developments. The network’s transaction efficiency has been viewed as superior and reliable, though price appreciation has lagged broader narratives. Market participants continue monitoring institutional usage signals as a potential catalyst.
Aptos (APT): Development Activity as a Forward Signal
Aptos remains under observation for its focus on scalability and security through its Move-based architecture. Development progress has been described as unmatched and technically innovative. While adoption remains early, long-term valuation models increasingly factor in developer momentum.