Why 2026 Could Redefine Crypto Market Structure
Crypto markets are likely to see liquidity concentrate across fewer venues in 2026 as new regulatory frameworks and institutional participation begin to shape how trading actually functions, market participants say.
Algorithmic trading and market-making firm Auros noted in its 2025 annual reflections shared with Decrypt that while decentralized finance has continued to grow, sustaining that momentum will require a fundamental upgrade in how liquidity functions.
“Despite the turbulence, DeFi TVL continues its steady climb, but sustaining it will demand a step-change in on-chain efficiency in 2026,” the firm said, calling for “deepening liquidity across key DeFi venues, tightening spreads, and improving execution quality.”
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