Galaxy Research released a research report indicating that cryptocurrency venture capital activity rose to $4.59 billion in the third quarter of 2025, the second highest level since the third quarter of 2022. The number of transactions remained stable month-on-month.
It is worth noting that while investment volume has increased, it is also more concentrated, with seven deals accounting for half of the total investment volume. In addition, nearly 60% of investment funds went to late-stage companies, the second highest level since Quarter 1 in 2021. The only higher quarter in more than 4 years was Quarter 1 in 2025, but the quarter's figure was largely due to MGX's $2 billion investment in Binance. The decline in investor interest is evident in the VC fundraising data. In the third quarter of 2025, 16 new funds raised a total of $3.16 billion, but this was also mainly driven by two large exchange-linked VC funds.
Galaxy Research: Crypto VC Q3 investment reached $4.59 billion, funds tend to invest in later-stage companies
2025-11-25 08:23:22
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Galaxy Research：加密 VC Q3 投资额达 45.9 亿美元，资金倾向投资后期公司Next article：
币安钱包调整交易手续费政策，11月26日起部分代币恢复标准费率
