Odaily星球日报讯 Dragonfly 合伙人 Rob Hadick 表示，受美国监管环境放宽、代币价格持续上涨及机构资金流入推动，2025 年加密风险投资将显著增长。然而，他认为融资水平短期内难以回到 2021-2022 年的高峰，反映出 VC 对避免重蹈覆辙的谨慎态度。 2025 年，Dragonfly 将继续支持 DeFi、CeFi、扩展平台、稳定币/支付等已验证市场需求的领域。Hadick 称，尽管加密 AI 和去中心化物理基础设施网络（DePIN）等新兴领域受到关注，但目前仍属“实验阶段”。他预计，安全、代币化和互操作性等领域投资可能减少，市场关注点将转向新兴赛道。此外，由于缺乏可扩展性和市场契合度，去中心化社交媒体可能面临发展挑战。（The Block）

Odaily星球日报讯 Dragonfly 合伙人 Rob Hadick 表示，受美国监管环境放宽、代币价格持续上涨及机构资金流入推动，2025 年加密风险投资将显著增长。然而，他认为融资水平短期内难以回到 2021-2022 年的高峰，反映出 VC 对避免重蹈覆辙的谨慎态度。2025 年，Dragonfly 将继续支持 DeFi、CeFi、扩展平台、稳定币/支付等已验证市场需求的领域。Hadick 称，尽管加密 AI 和去中心化物理基础设施网络（DePIN）等新兴领域受到关注，但目前仍属“实验阶段”。他预计，安全、代币化和互操作性等领域投资可能减少，市场关注点将转向新兴赛道。此外，由于缺乏可扩展性和市场契合度，去中心化社交媒体可能面临发展挑战。（The Block）

Dragonfly：2025年加密风险投资将显著增长

Odaily reports that Dragonfly partner Rob Hadick stated that due to the relaxation of the US regulatory environment, the continued rise in token prices, and the influx of institutional capital, crypto venture capital will see significant growth by 2025. However, he believes that financing levels are unlikely to return to the peaks of 2021-2022 in the short term, reflecting VC's cautious approach to avoid repeating past mistakes. In 2025, Dragonfly will continue to support verified market demand areas such as <DeFi>, <CeFi>, platform expansion, and <stablecoins>/payments. Hadick said that while emerging areas like crypto AI and decentralized physical infrastructure networks (<DePIN>) are attracting attention, they are currently still in the "experimental stage." He expects investments in areas like security, tokenization, and interoperability may decrease, and the market's focus will shift to new tracks. Additionally, due to a lack of scalability and market fit, decentralized social media may face development challenges.

Odaily Report: Dragonfly partner Rob Hadick states that due to the easing of the US regulatory environment, the continued rise in token prices, and the influx of institutional capital, crypto venture capital will see significant growth by 2025. However, he believes that financing levels are unlikely to return to the peaks of 2021-2022 in the short term, reflecting VC's cautious approach to avoid repeating past mistakes. In 2025, Dragonfly will continue to support verified market demand areas such as <DeFi>, <CeFi>, platform expansion, <stablecoins>/payments. Hadick noted that while emerging areas like crypto AI and decentralized physical infrastructure networks (<DePIN>) are attracting attention, they are still in the "experimental stage" at present. He expects investments in areas like security, tokenization, and interoperability may decrease, and the market's focus will shift to new tracks. Additionally, decentralized social media may face development challenges due to a lack of scalability and market fit.

Dragonfly: Crypto venture capital will grow significantly by 2025

Odaily reports that Franklin Tempelton Digital Assets has released its 2025 crypto outlook, which suggests that the crypto industry may see key advancements driven by regulatory clarity, institutional adoption, and technological development:

- We believe this will be led by U.S. regulators (such as the SEC), supporting more diversified financial or investment products related to cryptocurrencies, such as ETFs or tokenized securities.
- Favorable regulation will make the U.S. the global center of crypto innovation again.
- We will see major TradFi players and crypto infrastructure start to converge. The U.S. is expected to establish a stablecoin regulatory framework, which will open the door for major financial institutions to issue their own stablecoins.
- The adoption of tokenized products and stablecoins will continue to expand and become a key driver of global DeFi growth.
- BTC will solidify its position as a global financial asset for digital store of value, and accelerate due to sovereign and institutional adoption. We expect several countries to increase strategic BTC reserves.
- As various industries prioritize decentralized, efficient solutions for real-world applications like logistics and IoT, the demand for DePIN will continue to grow.
- We will see an accelerated fusion of AI and cryptocurrencies, where blockchain will provide the transparency and verification critical for scaling AI-driven economies.
- AI agents will leverage blockchain rails to automate on-chain transactions and portfolio management, and integrate digital content and social media with on-chain activities.
- Overall, 2025 will mark a shift from speculation to utility, as the underlying crypto technology becomes an integral part of the global financial and operational systems. Stakeholders should watch regulatory developments, institutional initiatives, and the progress of AI-crypto convergence to navigate this dynamic landscape.

Franklin Templeton releases 2025 crypto outlook: focus on regulatory developments, institutional initiatives, and progress in the integration of AI and crypto

Venture capital will make a strong comeback in 2025.

What will be the big trends in crypto venture capital in 2025?

Odaily Odaily reported that Dragonfly managing partner Haseeb Qureshi posted on X, saying: "So I have an obvious question - since <a16z> is now a token worth over $1 billion, does it not infringe on <a16z>'s trademark? <a16z> initially felt like a parody, but now it seems to have become a more legitimate project with a more positive roadmap." He sought the help of intellectual property lawyers to clarify his doubts. He added: "Without commercial intent, it's hard to become a token worth $1 billion."