Crypto VC investment reached $49.7B in 2025

Venture capital investment in the cryptocurrency industry totaled $49.75 billion in 2025, a more than fourfold increase from the previous year, according to data compiled by Wu Blockchain. The surge was largely driven by mergers and acquisitions and initial public offerings involving centralized exchanges. The largest single transaction was the Dunamu merger, valued at $10.3 billion. While the total investment value grew, the number of deals fell by 42.1% year-over-year to 898.