Coinbase's "Market Outlook Report 2026" highlights a resilient U.S. economy and anticipates a positive cryptocurrency market landscape akin to 1996. The report, led by David Duong, suggests that a "DAT 2.0" model will emerge, focusing on specialized trading and procurement within sovereign blockchain spaces. This shift is expected to move beyond asset accumulation, treating blockchain as a key digital commodity. Coinbase foresees a transition towards a revenue-linked model, with token economics increasingly tied to platform usage through mechanisms like fee sharing and buybacks. The report also predicts advancements in zero-knowledge proofs and fully homomorphic encryption, alongside increased adoption of on-chain privacy. Market volume is expected to grow, driven by changes in U.S. tax policies and a shift towards derivative-based markets. By 2028, the stablecoin market value could reach $120 billion, with new applications in cross-border settlements and payroll platforms.