Observation of crypto investment institutions in 2025: star projects and the promise of decentralization

Here is the English translation of the text, with the terms in <> retained as is: In 2025, the cryptocurrency industry will enter a stage of deep development. Top cryptocurrency investment institutions, through injecting capital, guiding market trends, and shaping the direction of technological development, have a profound impact on the entire industry. These institutions have driven the success of projects in different tracks, while also facing challenges, revealing their strategic vision and the actual attitude towards decentralization. This article will explore the focus areas of leading investment institutions, their asset management scale, the performance of star projects, forecasts for 2025, and the actual strength of their support for decentralization. 1. - Focus areas: Web3 infrastructure, Layer-2 scaling, decentralized finance (DeFi), and AI blockchain integration. - Asset management scale: ≈$12 billion. - Star projects: - Success cases: (Layer-2 scaling) significantly improved Ethereum's scalability, (NFT ecosystem) expanded the crypto art and entertainment sector. - Challenges: Although a16z strongly supports modular architecture, its deep involvement in project governance has raised centralization controversies. - 2025 forecast: Continue to promote the integration of AI and blockchain, invest in autonomous AI agents and cross-chain infrastructure. - Support for decentralization: Funds are concentrated in decentralized protocols, but the degree of control over governance is relatively high, and the commitment to decentralization is controversial. 2. - Focus areas: Zero-knowledge proofs (ZK), DeFi innovations, decentralized exchanges, cross-chain interoperability. - Asset management scale: ≈$8 billion. - Star projects: - Success cases: drove DEX innovation; made breakthrough progress in zero-knowledge proof technology. - Challenges: The application scope of StarkWare's privacy solutions is limited, and the community is cautious about its high technical threshold. - 2025 forecast: zk-SNARKs privacy solutions and dynamic DeFi strategies will become more widespread. - Support for decentralization: Committed to community-led governance, but Paradigm's advisory role raises concerns about centralization. 3. - Focus areas: BSC ecosystem, GameFi, DeFi, and real-world assets (RWA). - Asset management scale: ≈$7 billion. - Star projects: - Success cases: became the top DEX on BSC, provided a decentralized lending solution. - Challenges: Balance the relationship between investments and CEX token listings, assess the impact on the decentralized competitive environment. - 2025 forecast: The GameFi track will continue to expand, and the BSC ecosystem will attract more institutional adoption. - Support for decentralization: Heavily dependent on the Binance platform, with a relatively weak commitment to decentralization. 4. - Focus areas: DeFi protocols, Layer-1 blockchains, blockchain SaaS solutions. - Asset management scale: ≈$5.5 billion. - Star projects: - Success cases: The rapid development of the ecosystem and the oracle network provided strong support for DeFi. - Challenges: Project performance in NFTs and SaaS solutions has not met expectations. - 2025 forecast: Modular blockchain architecture and BaaS models will become widespread. - Support for decentralization: Supports both decentralized projects and the profitability of centralized services. 5. - Focus areas: Layer-1 blockchains, decentralized storage, tokenization of real-world assets (RWA). - Asset management scale: ≈$4.2 billion. - Star projects: - Success cases: performed excellently in data indexing; provided a solution for decentralized GPU rendering. - Challenges: RWA projects have high legal and compliance risks, and market acceptance is growing slowly. - 2025 forecast: The tokenized RWA market size may exceed $300 billion. - Support for decentralization: Strongly advocates for decentralized applications and governance models. 6. - Focus areas: Stablecoins, Layer-2 solutions, DeFi applications. - Asset management scale: ≈$3 billion. - Star projects: - Success cases: The launch of the network lowered the entry barrier for developers;