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A recent report from Reown reveals that the on-chain ecosystem is maturing, with users expanding their engagement beyond trading activities. Many believe that payments and artificial intelligence (AI) will be crucial in driving the wider adoption of on-chain technology.

Despite optimism about crypto’s future, challenges such as fees, security, and interoperability persist.

The Future of Crypto Adoption

Reown shared its report, “The State of Onchain UX,” with BeInCrypto. It draws from a survey of 1,038 active crypto users in the US and UK, conducted between February 19 and February 26, 2025.

The findings show that 37% of users believe payments, including stablecoins and remittances, will drive mass adoption. The report also notes a rise in stablecoin usage, from 20% last year to 37% this year. 

Crypto wallet usage has also gained traction. Reown observed that in 2024, the average number of wallets in all regions rose by 1.27x.

Furthermore, 54% of users now transact with crypto for payments, suggesting growing real-world use. 

“For crypto payments to truly reach the mainstream, they must match the ease of traditional fintech experiences. Users should be able to transact effortlessly without needing to understand blockchain mechanics,” Reown’s Payments Product Manager Mirna Barca wrote.

AI is seen as another key driver, with 35% of users identifying it as a major catalyst for adoption. Nonetheless, while AI’s potential is acknowledged, there is some skepticism about blockchain’s role in AI development. 

Only 29% believe the two technologies will complement each other. Meanwhile, just 18% see crypto as facilitating AI’s progress.

“Despite trading taking the crown when it comes to user activity today, payments and AI dominate as the two themes users feel will play bigger roles on a greater scale, suggesting that the leading services users access today does not reflect what they believe to drive its long-term value,” the report read.

In addition, regulatory advancements and tokenization are seen as the next areas that could contribute to mass adoption, with 26% of users identifying each as a key factor. Under President Donald Trump’s administration, crypto regulation has taken center stage.

Shortly after President Trump took office, the SEC established a crypto task force to create a clear regulatory framework for digital assets. In fact, new SEC chairman Paul Atkins has also stressed the importance of crypto regulation, calling it a ‘top priority.’

This focus has contributed significantly to industry optimism, and user data exemplifies that. 86% of users believe it will drive mainstream adoption, while 14% think it will slow innovation.

“We’re in the final throes of regulatory uncertainty in the US. In Europe, MiCA is finally taking shape, but a lack of precedent has kept innovators guessing, just like in the US. The industry is on the cusp of regulatory clarity but we aren’t quite there yet,” Marco Santori, Director of WalletConnect Foundation, remarked.

What Are the Top Factors Holding Back Widespread Crypto Adoption? 

Yet, before mainstream adoption can occur, users believe several areas need improvement. Better security leads the charge, with 33% of users considering it critical for wider adoption. Moreover, 25% of users highlighted privacy and data protection standards.

Confidence in on-chain security has risen significantly, with 69% of users feeling safe, up from 50.5% last year. However, so have phishing attacks. The number of phishing attacks reported by users has grown to 21%, up from 14.4%.

“Phishing attacks are up, and that’s a problem. But security UX still isn’t where it needs to be. If we can make transaction signing clearer and build in fraud protection, we can help users feel more in control,” Reown’s CEO Jess Houlgrave commented.

A notable 44% of users now use multiple wallets for security reasons, up from 32.8% in 2024. In addition, 18% of users cite security concerns, such as hacks and scams, as a barrier to engaging on-chain.

Along with security concerns, high fees deter 39% of the users from deeper engagement on-chain. Meanwhile, 30% believed lower fees would encourage greater participation.

Notably, users also emphasized the need for interoperability, with 47% considering it very important. Additionally, 18% cited a lack of interoperability as a barrier. Despite this, only 14% listed it as one of the core issues that need to be resolved.

Therefore, the report draws attention to the need for developers to focus on real-world use cases, ensuring seamless, secure, and cost-effective user experiences. It also highlights a disconnect between user expectations, centered on payments and social apps, and current behavior, which remains heavily trading-focused. 

“Understanding and addressing this dynamic will be critical to achieving true mainstream adoption,” the report noted. 

With 67% of survey participants optimistic about crypto’s development, the on-chain ecosystem is poised for growth. However, addressing security, fees, and interoperability will be essential to unlocking its full potential and driving the next wave of mainstream engagement.

The post Payments and AI: Key Drivers for the Next Wave of Crypto Adoption, Report Finds appeared first on BeInCrypto.

The crypto market’s volatility continues, compounded by the absence of bullish signals from broader financial markets. While altcoins are becoming less dependent on external developments, they are increasingly relying on internal network progress to drive price movement.

BeInCrypto has analyzed three altcoins to watch, focusing on whether key events could trigger a price shift in the third week of April.

Filecoin (FIL)

FIL price has bounced off the support of $2.26, currently trading at $2.50. This rebound follows the altcoin’s 27% decline at the end of March, and traders are anticipating a recovery. The support level of $2.26 has proven crucial in halting further losses and enabling a potential uptrend.

Upcoming developments, such as the FIP 0097 proposal, could further boost FIL’s price. The transition to FEVM supporting transient storage and aligning with Ethereum’s EIP-1153 promises cleaner contracts, lower costs, and better compatibility. These improvements could drive FIL past the $2.63 resistance level, potentially reaching $2.99.

If FIL fails to break through the $2.63 barrier, the altcoin may fall back to $2.26. Losing this key support would invalidate the bullish outlook, risking a further drop to $2.00. Investors will closely monitor these levels for signs of a reversal or continued decline.

EigenLayer (EIGEN)

Another one of the key altcoins to watch before April ends, the EIGEN price is poised to breach the $0.86 resistance this week, driven by the upcoming Slashing upgrade. The upgrade will introduce a free marketplace where Operators can earn rewards for their work, and AVSs can launch verifiable services.

If EIGEN capitalizes on the momentum from the Slashing upgrade, it could surpass the $0.86 and $0.92 resistance levels. With continued upward movement, the altcoin could reach $1.00 and beyond. Investors are closely monitoring the effects of this update on price performance.

However, if EIGEN fails to breach $0.86, the price may fall back to the support level of $0.69. This would invalidate the bullish outlook and delay the recovery from the 41.5% losses incurred at the end of March.

OFFICIAL TRUMP (TRUMP)

TRUMP price recently hit an all-time low of $7.14 but has since recovered to $8.33. Despite this recovery, the likelihood of a continued rally is uncertain due to the upcoming token unlock on April 18. This event could create additional selling pressure on the altcoin in the coming days.

The first token unlock in three months, set to release 40 million TRUMP worth $331 million, will flood the market. This unlock will also initiate the daily release of 492,000 TRUMP tokens. Investors are concerned that this increased supply may further weigh on the price.

The surge in supply could prove bearish for TRUMP, which is already facing low demand. This may push the price back down to $7.14 or lower, potentially creating a new all-time low. However, if the price breaches $9.11, the bearish outlook would be invalidated, and recovery could occur.

The post 3 Altcoins to Watch in the Third Week of April 2025 appeared first on BeInCrypto.

Ripple allegedly made a $5 billion offer to acquire Circle, the second-largest stablecoin issuer, which the firm rejected.

Further reports suggest that Circle was not categorically opposed to buyout offers, but that a $5 billion offer was too low.

Did Ripple Try to Buyout Its Competition?

Multiple social media reports suggest that Circle rejected Ripple’s massive buyout offer. The major stablecoin issuer recently filed for an IPO but subsequently paused its plans after Trump’s tariff chaos.

Earlier reports from VanEck’s Matthew Sigel suggested that Circle’s planned IPO had a $4 to $6 billion equity valuation. So, it looks like Ripple attempted to match that valuation. 

The planned IPO and current circumstances suggest that Circle may be open to acquisition offers in the future. After all, analysts have previously raised concerns about Circle’s financials. 

Ripple’s executives, for their part, recently asserted that they have no plans to go public. However, the company has shown increasing interest in acquisitions. 

Earlier in April, the firm acquired prime brokerage platform Hidden Road in a record $1.25 billion deal. So, its expansion plans are very evident. 

Last year, Ripple entered the stablecoin market with RLUSD, an asset that directly competes with Circle’s USDC. Ripple’s RLUSD stablecoin market cap has been consistently increasing over the past 3 months, currently at $318 million.

The stablecoin has seen notable developments. RLUSD was recently integrated with Cardano and Chainlink

Under Trump’s pro-crypto shift, Ripple is seeing a major opportunity to achieve dominance in the US market. As the SEC lawsuit nears an end, the firm is seemingly eyeing an aggressive expansion strategy.  

It would be a powerful business opportunity if the firm could take over Circle’s stablecoin expertise and market share. For now, it is unclear if any further negotiations will take place, or if any other firms will make larger offers.

The post Circle Reportedly Rejected $5 Billion Buyout Offer from Ripple appeared first on BeInCrypto.