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2025 Venture Capital Financing Overview——
Total scale: $6.61 billion. It seems like a lot, but behind this number is actually a series of declines. Compared to $101 billion in 2024, it has dropped by 35%. Looking further back, this is the lowest since 2019—when it was only $6.9 billion.
The most outrageous comparison? The peak of financing in 2022 was $223 billion. Since then, the entire market has shrunk by 70%.
In simple terms, VC financing, which surged in recent years, has now hit the brakes. Project teams are finding it harder to raise funds, and capital attitudes have become more cautious. What does this adjustment mean for the entire Web3 ecosystem? It’s worth pondering carefully.