In November 2025, the number of venture capital deals in the crypto industry decreased to 57, marking a significant month-on-month decline of 28%.
Total funding reached 14.54 billion USD, showing a remarkable increase of 219% compared to the previous month, largely due to Naver’s acquisition of Dunamu.
DeFi projects were the most active, representing 30.4% of investments, followed by centralized financial infrastructure at 12.5%.
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