According to The Block, the monthly number of risky transactions in the cryptocurrency industry has significantly shrunk, with only 116 private transactions tracked in February, setting one of the lowest points in recent years. This is a significant decrease compared to the over 300 transactions recorded in October 2024- a 60% decrease within five months. This slowdown is consistent with broader market conditions, as the overall risk appetite of financial markets has weakened. Despite a decrease in trading volume, the total investment value remained relatively stable in February, at around $1 billion, consistent with the monthly total since October 2022. However, an exception occurred in March, with investment exceeding $2.3 billion. Binance has reached an agreement with MGX in Abu Dhabi, which has invested $2 billion in this cryptocurrency exchange. Although traditional risk trading seems to be cooling down, new investment models are emerging. Coinbase Ventures has launched an investment team on the Echo platform, dedicated to projects built on Base. Echo represents an interesting evolution in the field of cryptocurrency financing, allowing individual traders to pool resources and jointly invest in web3 projects. The contraction in the venture capital sector seems to have had a relatively uniform impact on all cryptocurrency categories, including infrastructure DeFi、 The transaction volume in the fields of encrypted financial services, web3, and NFT/gaming has all decreased compared to the peak in 2024. The cooling of this venture capital environment may indicate that the cryptocurrency industry has entered a mature stage, with investors becoming more discerning and focusing on sustainable business models rather than speculative concepts.
