Pantera Partners: Why the 2025 Crypto VC Landscape is Different from Previous Cycles?
Original Title: The State of Crypto Venture Capital in 2025
Original Author: Paul Veradittakit, Partner at Pantera Capital
Original Translation: Luffy, Foresight News
Summary
· Since the beginning of this year, cryptocurrency companies have raised over $16 billion, with more than 100 merger and acquisition deals. The industry is currently heading towards record levels, with total transaction amounts exceeding the entire year of 2024.
· Driven by increased transparency in U.S. regulation and global growth momentum, the foundation of this cycle is more solid.
· Strategic mergers and acquisitions and the IPO wave will continue into the next cycle.
In 2025, record-breaking M&A and IPO activities are reshaping and driving the upgrade of…
