Web3 Annual Summary and New Trends
Web3 Annual Summary and New Trends
A total of 233 articles Last updated on 01.17
The past can serve as a mirror, and the future can be pursued.

Galaxy Report: Venture Capital in the Cryptocurrency Sector Reaches $11.5 Billion in 2024, Still Below Previous Bull Market Levels

ChainCatcher news, according to CoinDesk, Galaxy Digital stated in a research report on Wednesday that despite the recent rise in digital asset prices, cryptocurrency venture capital (VC) activity remains below previous bull market levels. In 2024, the total capital allocation of venture funds to the crypto industry is $11.5 billion, down from 2023. Galaxy pointed out that in the early rounds of bull markets in 2017 and 2021, VC activity was highly correlated with crypto asset prices, "but in the past two years, despite the rise in cryptocurrencies, VC activity has remained sluggish."There are several reasons for the stagnation in the venture capital market. Galaxy stated that these reasons include a "barbell market," where Bitcoin and its new spot ETF take center stage, while meme coins have "limited marginal net new activity." These meme coins struggle to secure funding and have a "questionable lifespan."The report noted that new projects at the intersection of artificial intelligence (AI) and cryptocurrency are gaining increasing attention, and upcoming regulatory changes may bring more opportunities for stablecoins, decentralized finance (DeFi), and tokenization. The report indicated that some large investors may gain exposure to cryptocurrencies through Bitcoin spot ETFs, "rather than turning to early VC investments."Galaxy stated that the U.S. completed the most transactions and invested the most funds in the fourth quarter. Galaxy added that early-stage deals accounted for 60% of the total investment in the fourth quarter, with stablecoin companies raising the most funds.The report also noted that in 2024, venture capitalists invested a total of $11.5 billion in startups focused on cryptocurrency and blockchain. These funds invested $3.5 billion in 416 deals in the fourth quarter, a quarter-over-quarter increase of 46%.

RootData: The popular TGE in H1 2025 focuses on BTC, AI, and high-performance chains, with the OTC market led by Solana driving the high-performance narrative of the Move system

ChainCatcher news, RootData released the "2024 Web3 Industry Investment Research Report." The report shows that popular TGE projects in the first half of 2025 are mainly focused on BTC, artificial intelligence, and high-performance chains.2025 H1 Popular TGE Financing Overview (* indicates projects that have conducted TGE):Projects with total financing exceeding $100 million include Monad, Farcaster, *EigenLayer, *Magic Eden, Berachain;Projects with total financing between $50 million and $100 million include Babylon, *Scroll, Morpho, Eclipse;Projects with total financing between $10 million and $50 million include Sahara, Nillion, *Movement, *Puffer, Initia, Walletconnect, *Usual, Lombard, Solayer, *Bio, Sophon;Projects with total financing less than $10 million include Roam, Symbiotic, *deBridge, *Grass.In addition, the OTC market quotation amount has generally increased, with a total trading volume of 262 transactions, a month-on-month decrease of 3%; the total order quotation amount reached $1.2 billion, a month-on-month increase of 29%, with an average transaction amount of $5.2 million, a month-on-month increase of 34%. Buyers account for 41.98%, while sellers account for 58.02%. In the first half of 2025, the OTC market is led by Solana, driving the high-performance narrative of the Move ecosystem.

RootData: Large token unlocks are usually accompanied by positive news that drives up prices, with infrastructure, Layer 1/2, and DeFi remaining the hottest sectors

ChainCatcher news, RootData released the "2024 Web3 Industry Investment Research Report." The report shows that in 2024, VC coins have become a daunting term, with the crypto market bearing its exit liquidity. Projects such as Optimism, Sui, Aptos, Ethena, dydx, and Cardano unlock over 30 million tokens each month. Among these, there have been 9 major unlocking events (single transactions exceeding 100 million USD), namely INJ, MEME, PYTH, AVAX, SUI, W, JTO, APT, TIA.Comparing the prices before and after token unlocks, it is found that project parties can significantly raise token prices before large unlocks through early announcements of positive information, marketing, and other means. Over-the-counter (OTC) trading is the method with the least impact on token prices for exiting, which can eliminate the risk of significant token price drops.In addition, based on the popular tags from RootData over the past year (with over 5000 clicks), infrastructure, Layer 1/2, and DeFi remain the hottest tracks in blockchain. Tags such as artificial intelligence and DeSci have seen a rapid increase in clicks, with representative projects like Virtuals Protocol and Bio Protocol consistently ranking high on the RootData popularity list.The popularity of some high-click tags usually lasts only 1-3 months, such as DePIN, Tap to Earn, and the Bitcoin ecosystem.

Grayscale executives: The cryptocurrency industry will see many small-scale breakthroughs in 2025, including Bitcoin becoming a reserve asset in the United States

ChainCatcher news, according to Cointelegraph, Grayscale's Managing Director of Research Zach Pandl stated that following the approval of the spot ETF in 2024 and the election of Trump, the crypto industry will see more small-scale breakthroughs in 2025. These include increased institutional adoption, Congress introducing a more comprehensive legislative framework, and Bitcoin potentially becoming a reserve asset for the United States.In a conversation with Ric Edelman, founder of the Digital Assets Council of Financial Professionals (DACFP), Pandl mentioned that it is not "completely impossible" for Bitcoin to reach $500,000 by 2030. He pointed out that pension funds and endowments that have been cautious about cryptocurrencies over the past decade are now actively engaging in this field, with some portfolio managers beginning to allocate up to 5% of their assets to crypto, and more institutional approval processes expected to be completed within 6-12 months.Additionally, Pandl anticipates that sovereign wealth funds outside the United States will increase their exposure to crypto assets in the coming months. He is particularly optimistic about the institutional adoption prospects of Ethereum, calling it "one of the most important open-source software projects." In the private equity space, decentralized finance (DeFi), tokenization of physical assets, and AI tokens may attract institutional interest.

RootData: Early investment growth of 20.6% in 2024, with Polychain leading in the number of investments

ChainCatcher news, RootData released the "2024 Web3 Industry Investment Research Report." The report shows that early-stage investments (under $5 million) continue to dominate, with 627 financing events occurring throughout the year, a 20.6% increase from 520 projects in 2023. Mid-stage investments ($5 million to $10 million) showed robust growth, completing 244 projects in 2024, up 24.5% from 196 projects in 2023. Late-stage and large-scale investments (over $10 million) completed 188 projects, a slight increase from 175 projects in 2023.From the leaderboard of leading investors, Polychain ranks first with 30 lead investments, clearly focusing on the infrastructure and DeFi sectors. The second place, Hack VC, made 24 lead investments, 17 of which were directed towards the infrastructure field. Among Animoca Brands' 17 lead investments, 8 were directed towards gaming projects, demonstrating its professional layout in the gaming sector. Overall, sectors like NFT and DAO showed a lukewarm performance in terms of lead investments, with most institutions having zero lead investments in these areas.In the TOP 10 active investment institutions of 2024, OKX Ventures ranks first with 72 investments, primarily focusing on infrastructure and DeFi sectors. Notably, OKX Ventures was active in the gaming sector, making 34 investments. Following closely are MH Ventures and Cogitent Ventures, both making 56 investments.
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