25,000 people attended Token2049.

There were countless discussions across different topics.

We compiled and analyzed Twitter sentiment to identify the 3 main narrative takeaways from the event.

🔥 RWAs, Perps & Prediction Markets lead the narrative

The top 3 themes dominating conversations this year are RWAs, Perpetuals and Prediction Markets.

Stablecoins also made plenty of noise — a possible sign of growing institutional adoption and bigger players entering the space.

👔 More serious people, less fluff

The vibe has changed. Token2049 isn’t just for degens anymore — it’s for builders and long-term investors. The crowd feels more professional, focused on real collaboration and sustainable growth.

🤖 AI Agents: the quiet builders

You might think the AI Agent hype is gone, but it’s just evolved.

The noise has cooled — now it’s about real products, not just buzzwords. Think of it like Layer 2s or modularity: the hype fades, but the innovation keeps building.

💡 Overall takeaway:
Token2049 feels more mature. Less hype, more substance. The next cycle might just be built by the people who stayed focused.