Investment Outlook for 2025: Top 10 Crypto Venture Capitals See DeFi, Stablecoins, and AI as Promising

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Ten major crypto venture capitals have forecasted next year's investment trends.

On the 31st, crypto-specialized media The Block shared the 2025 investment outlook released by 10 major crypto venture capitals (VCs) including Hashed. The media reported, "This year's crypto VC investment funds increased by 28% compared to the previous year, reaching $13.7 billion, but did not reach the all-time high," adding, "Major crypto VCs are showing cautious optimism."

Global Web3 venture capital Hashed predicted a strong performance in crypto, artificial intelligence (AI), infrastructure, and DeFi (decentralized finance). Kim Seo-joon, CEO of Hashed, said, "The mention of a strategic Bitcoin reserve plan by President-elect Trump implies a change in institutional investors' sentiment, but the likelihood of VC funding reaching the peak levels of 2021-2022 is low," adding, "However, if a macro or political black swan (an unexpected crisis) occurs, the outlook could change significantly."

Hashed expects data infrastructure, institutional-grade DeFi applications, regulated stablecoins, and crypto-AI infrastructure to be investment priorities next year. On the other hand, Layer 1 and Layer 2 protocols without differentiation, NFT platforms, and GameFi projects without clear usability or revenue models are expected to see reduced funding.

Dragonfly is focusing on DeFi, CeFi (centralized finance), and stablecoins. Rob Heddic, General Partner at Dragonfly, stated, "Crypto VC funds will grow next year due to regulatory easing in the U.S. and increased institutional capital inflow," but also noted, "It is unlikely that VC investment will reach the peak of 2021 again. This is due to the cautious attitude of VCs not wanting to repeat past mistakes."

Pantera Capital expressed expectations for new Layer 1 blockchains and crypto-AI. Pantera Capital anticipates that crypto VC investment may increase next year but could slow down within the year.

Multicoin Capital expects the Solana ecosystem to continue its strong performance. Kyle Samani, co-founder of Multicoin Capital, said, "Solana-based applications and protocols are surpassing Ethereum in terms of users, capital, and activity," predicting that "Solana will be the big winner of the next cycle."

Coinbase Ventures is focusing on the on-chain economy. Coinbase Ventures plans to continue active investments centered around the on-chain economy. Additionally, they have an optimistic outlook on stablecoins, DeFi, crypto-AI, social, gaming, and creator applications.

Binance Labs predicts that practical use cases for Web3 projects will be important. Binance Labs emphasized that projects with real use cases and strong teams will have the highest chances of success.

Additionally, Galaxy Ventures highly evaluates the growth potential of stablecoins and tokenization. Blockchain Capital is seeking opportunities in areas such as stablecoins, infrastructure, and DeFi. Portal Ventures also predicts that platforms capable of providing both infrastructure and applications will show strength.