The Rise of China-Based Coins in 2025: Which Projects Should You Watch?

🧧 Although China’s perspective on the crypto ecosystem has changed, the country’s presence in blockchain technology remains very strong. Chinese-based coins, which maintain a leading position in mining, hardware development, and protocol design, continue to be on investors’ radar in 2025.

China’s Strategic Position in the Crypto Market

Despite the ban on direct crypto trading for citizens, China remains one of the backbone forces of the blockchain world. Where does this strength come from?

• Mining Dominance: An enormous network especially in Bitcoin and Filecoin mining
• Hardware Innovation: Global leader in ASIC chip and mining equipment manufacturing
• Technical Development: Heavy investment in protocol design and R&D

This infrastructure ensures that China-based coins and projects supported by Chinese developers have strong fundamentals.

The Most Prominent China-Origin Cryptos

NEO - Known as “China’s Ethereum,” a Smart Contract Platform

NEO is one of the cornerstones of China’s blockchain ecosystem. It focuses on smart contracts, digital identity verification, and asset tokenization. Supported by various blockchain firms in China and initially gained attention for its government-friendly approach.

In real-world applications, it plays a pioneering role in digitizing assets in China and building dApps.

VeChain - Real-World Solution for Supply Chain Technology

VeChain holds a special place among China-based coins specializing in product verification and supply chain management. It has partnerships with Walmart China, BMW, H&M, and the Chinese Customs Administration.

It is used to track the authenticity and movement of physical products such as food, wine, and pharmaceuticals. Although initially established in China, it now operates out of Singapore.

Conflux - Blockchain Compliant with China’s Regulatory Framework

Conflux was intentionally designed as a public blockchain compliant with China’s regulations. It collaborates with organizations like the Shanghai government and China Telecom.

It provides an infrastructure suitable for NFTs, Web3 identities, and decentralized applications, becoming the center of China’s NFT and Web3 pilot programs.

Filecoin - China’s Dominant Role in the Mining Network

Filecoin is a protocol prominent in decentralized storage, occupying a unique position among China-based coins. Early miners and hardware providers in China played a critical role in the growth of the FIL network.

It is heavily used in real-world applications such as Web3 hosting and archival data systems.

Phoenix ( Red Pulse ) - Designed for China’s Financial Intelligence

Red Pulse Phoenix is a project focused on providing market intelligence and financial data for China. It was initially developed on the NEO blockchain and offers China-focused financial news and analytical data.

Other Notable China-Linked Projects

Ontology (ONT): A identity-focused blockchain developed by the founders of NEO
Bitcoin SV (BSV): Widely supported in China’s mining circles
DODO: A decentralized exchange aggregator made in China
Fusion (FSN): Founded by a former CEO of a Chinese payment platform, focusing on cross-chain DeFi

The Future of China-Based Coins: Balancing Technology and Policy

While the Chinese government has restricted direct crypto trading, it continues to lead in core technology and infrastructure. China-based coins and Chinese-originated technology in mining, hardware design, and protocol development continue to form the backbone of the crypto market.

The emergence of Hong Kong as a regulated Web3 hub creates new opportunities in the region. The role Hong Kong is taking on in 2023-2024 demonstrates how serious the Chinese ecosystem is about technological development.

For investors, China-based coins should be viewed not only as geographically rooted but as projects supported by solid technical infrastructure, real-world partnerships, and long-term vision.