TechFlow News, February 10 — According to a PitchBook research report cited by DL News, the number of venture capital deals in the cryptocurrency sector declined 14% year-on-year in 2024 to 351, while total funding volume remained steady at $10 billion. The median valuation for early-stage projects doubled year-on-year to $52 million, whereas late-stage financings accounted for only 5% of total funding rounds.
The report forecasts a wave of mergers and acquisitions in 2025 targeting infrastructure providers, exchanges, and custodians. Venture capital is primarily concentrating on two key sectors: first, crypto AI, a market now valued at $55 billion, with analysts projecting it could contribute as much as $20 trillion to the global economy by 2030; second, the stablecoin market, currently sized at $231 billion, where Tether's USDT and Circle's USDC both rank among the top ten cryptocurrencies by market capitalization. Notably, Tether holds nearly 70% market share and generated $13 billion in profit in 2024.
