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2025-05-14 17:12:23

The volume of venture capital investments in crypto startups jumped to $6 billion in the first quarter

According to PitchBook, from January to March 2025, $6 billion was invested in the crypto industry, which is almost 2 times more than in the fourth quarter ($3 billion) and 2.3 times more than a year ago ($2.6 billion).

 At the same time, the number of transactions decreased:

  •  405 transactions (-39.5% YoY)
  •  Large checks compensate for the drop in the number of

 Where did the money go:

Digital assets, exchanges, financial services — $2.55 billion (16 transactions)

Infrastructure and development — $955 million (30 transactions)

Web3 startups — $231.2 million (23 deals)

 An important catalyst is the expected IPO of Circle, which could be the largest since Coinbase went public.

 Trends:

  •  Growing interest in stablecoin payments and treasury startups
  •  Potential for proof of reserves, custodians and key management software
  •  Stablecoin capitalization increased from $202.3B to $227.1B (+12%) over the quarter

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