Framework Ventures co-founder predicts token issuance will decrease in 2026

Framework Ventures co-founder Vance Spencer posted on X that 2025 may be a key year for the continued development of the crypto industry. The industry has moved past Memecoin, NFTs, low-circulating supply/high fully diluted valuation tokens, and consumer projects. He predicts that the number of token issuances will decrease significantly in 2026, and the market will focus on mainstream assets such as BTC, ETH, and DeFi blue chips with reasonable value capture mechanisms. Institutional bidding may exceed expectations. The future focus will be on stablecoins, RWA, lending capital markets, and asset management, addressing industry issues by reducing redundant operations, improving quality, and enhancing compliance. The current market is bullish, but opportunities for growth and exit are highly concentrated.