PANews reported on March 2nd that, according to crypto KOL YashasEdu citing data from The Block, crypto startups raised a total of $883 million in February. However, overall, the number of venture capital deals hit a 5.5-year low, and the total funding amount was down approximately 80% from its 2022 peak. Funding is concentrated in a few specific areas, such as stablecoin infrastructure, custody, and compliance tools. 85% of tokens launched in 2025 are trading below their opening price, and the VC narrative has shifted towards a "revenue-centric" approach.