As the crypto market gradually regains its popularity, the investment prospects in 2025 have attracted global attention. From DeFi to crypto AI, from Solana ecosystem to the stablecoin revolution, major crypto venture capital companies have given their unique insights into the coming year. The following are the predictions of industry giants such as Dragonfly, Pantera, and Multicoin on the financing trend in 2025, revealing the secrets of the next round of capital chasing!
2024: Capital rebounds, growth is strong but not yet at its peak
According to The Block Pro, crypto venture capital funding increased by 28% year-on-year to approximately $13.7 billion in 2024. Despite the strong momentum, it has not returned to the historical highs of 2021-2022. Looking ahead to 2025, the investment focus is shifting from casting a wide net to carefully selecting, and those startups with product-market fit (PMF) and high user acceptance will become the favorites of capital.
A clash of opinions among giants: Who can seize the capital high ground?
Dragonfly: DeFi and CeFi take the lead
Rob Hadick, general partner of Dragonfly, believes that the relaxation of the US regulatory environment and the appreciation of token prices will stimulate the growth of financing in 2025, but the financing level will still be difficult to reproduce the peak of 2021. He pointed out that DeFi, CeFi, and stablecoins will continue to attract a lot of investment, while fields such as encrypted AI and decentralized physical infrastructure network (DePIN) are still in the experimental stage.
Pantera: Encrypted AI leads the new wave
Lauren Stephanian of Pantera is optimistic about crypto AI and new Layer 1 blockchains. She believes that the crypto market will continue to grow driven by an improved policy environment and a bull market, but the pace of deployment may slow down in the middle of the year.
Multicoin: Is Solana’s time coming?
Kyle Samani, co-founder of Multicoin Capital, made it clear that the Solana ecosystem will lead the next cycle and may even cause Ethereum to "fall into recession." In addition, Samani praised the potential of stablecoins, believing that it is "one of the greatest financial innovations of our time."
Future financing hotspots: bet on these areas
Stablecoins and the Payment Revolution: Both Coinbase Ventures and Galaxy Ventures believe that the adoption of stablecoins will accelerate further in 2025, opening up new horizons for capital inflows.
Crypto-AI: Hack VC and Pantera believe that the combination of AI and encryption is a once-in-a-lifetime opportunity, and technologies such as DePIN will completely subvert traditional industries.
On-chain economy and consumer applications: Coinbase Ventures focuses on DeFi, on-chain payments, and decentralized social networking, and looks forward to the actual implementation of "Internet-scale applications."
Potential risks that cannot be ignored
Although the market is full of opportunities, major venture capital institutions have also warned:
Uncertainty in the regulatory environment: Especially in the US market, fluctuations in regulatory policies may have a significant impact on capital deployment.
Macroeconomic volatility: Geopolitical tensions and the risk of a global recession could dampen growth.
Shrinking funding for speculative projects: For example, NFT projects and early GameFi projects that lack real use cases may be left out due to a cooling market.
In 2025, investment opportunities and challenges coexist
The outlook of top venture capital firms for the future paints an exciting picture. From technological innovation to business model implementation, the crypto market in 2025 will be a real testing ground. Capital will favor startups that dare to break through, while avoiding empty concept hype.
Insight into the market rhythm is the beginning of controlling wealth! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Follow Lao Tan and never let the opportunity slip away!
#加密ETF申请热潮涌现 #ETH #BTC #xrp #solana $ETH $SOL $XRP
