Looking ahead to 2026, treasury leaders from Bitcoin, Solana and Hype are betting big on three major shifts: M&A activity within their ecosystems, aggressive portfolio diversification, and a major wave of institutional money flowing in.

The treasury execs are expecting consolidation plays to reshape how these networks compete—think strategic acquisitions that strengthen their moats. On the diversification front, treasuries are shifting beyond single-asset concentration into multi-chain strategies and alternative assets. This isn't just about hedging risk; it's about building resilience.

But here's the real story: institutional adoption. After years of retail-driven cycles, these projects see the next phase being institutional players finally getting serious. Whether it's RWA integration, custody solutions maturing, or regulatory clarity, the pieces are falling into place for institutions to deploy capital at scale.

For Bitcoin and Solana—the heavy hitters—this could mean tighter integration with traditional finance. For emerging projects, it's about proving they can handle that institutional-grade infrastructure before the capital really flows.