PANews reported on January 4th that, according to Cryptopolitan, total cryptocurrency venture capital investment reached $49.75 billion in 2025, a 433.2% increase from 2024. Although the number of projects decreased by 42.1% to 898, this indicates a concentration of funds in larger projects. The largest deal of the year was Naver's $10.3 billion all-stock acquisition of Upbit's parent company, Dunamu. In addition, Strategy, ICE, and Abu Dhabi MGX led several billion-dollar funding rounds. DeFi projects accounted for the highest proportion of total investment and funding, at 22.4%.