Crypto VCs Map 2025 Landscape with Incumbents Stablecoins and Prediction Markets
TLDR
- Incumbents like Robinhood thrived in 2025 after regulatory clarity emerged.
- Stablecoin issuer Tether emerged as one of the most profitable companies in crypto.
- Prediction markets like Polymarket saw rapid growth after major investments.
- The SEC’s prior hostile stance on crypto led to challenges for the industry.
In a recent podcast, venture capital partners from Pantera Capital, Hash3, and Variant analyzed the evolving crypto landscape. They identified stablecoins, incumbents, and prediction markets as the clear winners in 2025. These sectors have thrived due to a mix of clearer regulatory environments, growth in customer adoption, and significant investments.
