Crypto VC Funding Surges 87% in 2025
Although May has seen a notable slowdown in crypto venture capital activity compared to earlier months of 2025, overall investments in the space have already jumped by 87% year-over-year, reaching $7.7 billion, according to data from DefiLlama.
The surge in funding is largely attributed to more accommodative monetary policies from the U.S. Federal Reserve, political backing from President Donald Trump’s administration, and the significant unallocated capital available to VC firms.
In May alone, nearly 40 crypto-related startups have collectively secured around $415 million in funding.
Among the largest funding rounds this month, Worldcoin — the digital identity project co-founded by OpenAI CEO Sam Altman — raised $135 million through a token sale to investors including Andreessen Horowitz (a16z) and Bain Capital Crypto.
The proceeds will support the expansion of its World ID initiative and bolster operations in the U.S.
Fintech firm Slash, which caters to marketing agencies and crypto firms with banking solutions, secured $41 million in a Series B round led by Goodwater Capital.
Meanwhile, Catena Labs, a startup focused on AI-driven trading agents, raised $18 million in seed funding led by a16z crypto. The project is spearheaded by Sam Nevilles, a co-founder of Circle.
PitchBook data cited by Forklog suggests that total VC funding for crypto could hit $18 billion by the end of 2025 — almost double the annual levels seen in 2023 and 2024.
Earlier this year, crypto venture funding reached a high of $3.5 billion in March 2025, the strongest monthly figure since March 2022.
