Golden Finance reported on December 31 that Dragonfly partner Rob Hadick stated that due to the relaxation of the regulatory environment in the United States, the continuous rise in token prices, and the influx of institutional funds, cryptocurrency venture capital is expected to grow significantly by 2025. However, he believes that the financing levels are unlikely to return to the peaks of 2021-2022 in the short term, reflecting VC's cautious attitude towards avoiding past mistakes. Dragonfly will continue to support verified market demand areas such as DeFi, CeFi, stablecoins/payments, while also focusing on scaling platforms. Hadick mentioned that although emerging fields like crypto AI and decentralized physical infrastructure networks (DePIN) are receiving attention, they are still in the 'experimental stage'. He anticipates a potential decrease in investments in areas such as security, tokenization, and interoperability, with market focus shifting to emerging tracks. Additionally, decentralized social media may face developmental challenges due to a lack of scalability and market fit.