Leading crypto research firms such as Delphi Digital, Messari, Four Pillars, Coinbase, and a16z Crypto have released their 2026 market outlook, predicting a shift towards structural maturity. This evolution is expected to be characterized by liquidity convergence, infrastructure growth, and industry consolidation. Key themes identified in the market update include agentic finance, ownership tokens, privacy assets, DePIN, and evolving tokenomics. The firms anticipate a decline in traditional speculative cycles, suggesting a more stable and mature market environment in the coming year.