Gate Research Institute: PayFi may lead the next wave of crypto finance boom

Odaily Planet Daily News: Gate Research Institute releases its latest report "Beyond DeFi Summer: Is the WayFi Summer Coming Soon? 》In depth exploration of the rise of on chain payment finance (PayFi) and its potential to lead a new wave of cryptocurrency finance boom. The report points out that unlike the speculative explosion of DeFi Summer in 2020, PayFi is driven by the core value of time for money and aims to address real-world payment pain points and achieve long-term sustainable value through models such as interest bearing payment tokens and RWA payment financing. The rise of PayFi is attributed to the large-scale application of stablecoins (as of June 2025, the global circulation exceeds $240 billion, and the transaction volume has surpassed PayPal and Visa), the gradual clarification of global regulatory policies (such as the Hong Kong Stablecoins Bill and the US GENIUS Act), continuous technological optimization, and economic incentives, among other factors. Gate Research Institute predicts that PayFi's' Summer 'will not be a short-term speculative frenzy, but a mild and lasting payment infrastructure revolution driven by strategic capital and aimed at the general public. In addition, the June 2025 on chain data interpretation report released by Gate Research Institute at the same time pointed out that Ethereum has returned to the top of the fee list with high-value clearing, the trend of Bitcoin's on chain mechanization is accelerating, and the SEI heat is soaring, becoming the focus on the chain under the triple drive of price, policy, and community.