Crypto VC investment quadrupled to $49.75B this year

Major venture capital firms invested a total of $49.75 billion in the cryptocurrency industry this year, a more than fourfold increase from the previous year, according to data from Wu Blockchain. The bulk of this investment stemmed from mergers and acquisitions and initial public offerings involving centralized exchanges, with the largest single deal being the Dunamu merger at $10.3 billion. While the total investment amount surged, the number of individual deals fell by 42.1% year-over-year to 898.

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