Binance Research has published its comprehensive annual report analyzing the crypto industry's development throughout 2025 and projecting key themes for 2026.
Key Points:
- The report examines how the blockchain industry scaled and matured over the past year
- Analysis covers major developments and trends that shaped 2025
- Forward-looking insights identify potential themes and opportunities for 2026
- Builds on previous year-over-year performance analyses
The full research report is available on the Binance Research platform.
This annual analysis provides data-driven insights for understanding the industry's trajectory and planning for the year ahead.
Every year tells a story. This report breaks down how the industry scaled, matured, and moved forward in 2025 and what it means for 2026. Full report by @BinanceResearch π binance.com/en/research/anβ¦
π₯ Binance Lists FOGO Token

Binance has listed **FOGO ($FOGO)** on its spot trading platform. The exchange is running a campaign offering **38 million FOGO token vouchers** to participants. Users can join the trading competition through Binance's [official campaign page](https://www.binance.com/activity/trading-competition/spot-fogo-listing-campaign?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial). This follows a similar pattern to previous token listings on the platform, such as the ENSO listing in October 2025.
π― Year in Review
A special speaker reflects on key developments from 2025 and shares perspectives on what to expect in 2026. The discussion covers: - Major milestones achieved in 2025 - Strategic priorities for the year ahead - Industry trends and ecosystem developments This follows a similar year-end review from early 2025, where the CPO outlined 2024 achievements and 2025 plans. [Watch the full discussion](https://www.youtube.com/watch?v=HoHXNrx1TAo)
A Practical Look at the Blockchain Trilemma and Technical Paths
The blockchain trilemma presents a fundamental challenge in distributed systems: balancing **decentralization, security, and scalability**. Most networks can optimize for two of these properties, but achieving all three simultaneously remains difficult. **Key technical approaches** being explored: - **Layer 2 solutions** - Moving transactions off the main chain while maintaining security guarantees - **Sharding** - Splitting the network into parallel chains to increase throughput - **Consensus mechanism innovations** - New protocols that attempt to reduce the traditional trade-offs Different blockchain projects prioritize different aspects of the trilemma based on their use cases. Understanding these trade-offs helps evaluate which networks are suited for specific applications. [Read the full analysis](https://brnw.ch/21wZ64V)
π Understanding MEV: How Transaction Reordering Affects Your Trades
**Maximal Extractable Value (MEV)** refers to the practice where validators and searchers reorder blockchain transactions to maximize profits. **How it works:** - Validators can reorder, insert, or censor transactions before they're confirmed - Common tactics include front-running, back-running, and sandwich attacks - These practices often extract value from regular traders **Solutions in development:** - Private mempools to hide pending transactions - Order flow auctions for fairer transaction processing - Intent-based execution systems **The bigger picture:** While MEV presents challenges for DeFi users, new protocols are working to redistribute this value more equitably rather than allowing unfair extraction. [Read the full guide](https://www.binance.com/en/academy/articles/what-is-maximal-extractable-value-mev)