ETH/BTC Remains Core Indicator as Hashed Unveils 2026 Protocol Economy Thesis Highlighting Stablecoins, RWAs, and AI-Driven Web3

COINOTAG News reports that Hashed’s study, The Protocol Economy: 2026 Thesis, marks a turning point: 2025 shifted from narrative to execution. The analysis highlights real users, real transaction volume, and real revenue as core valuation signals, with stablecoins underpinning initial practical apps.

For 2026, Hashed anticipates rapid application growth tied to the real economy. AI is poised to reshape Web3 development, while privacy becomes a critical structural issue after scalability.

The report suggests stablecoins will move beyond payments to support corporate treasury budgets, and RWAs may scale with on-chain use cases, including on-chain private placements and sustainable yield markets.

ETH and BTC will remain the main risk cycle indicators as liquidity adapts to the evolving Protocol Economy.