In the first quarter of 2025, VCs invested $4.8 billion in cryptocurrency and blockchain startups (a quarter-over-quarter increase of 54%), completing a total of 446 transactions (a quarter-over-quarter increase of 7.5%).

Perhaps the spring of VC is coming soon!

This is just the beginning! This is also the reason I am optimistic about the next year $ETH .

I have repeatedly mentioned that one of the important reasons for the poor performance of $ETH is the underperformance of the ecosystem, especially VC projects.

The reason for the underperformance of VCs is primarily due to high financing costs from high interest rates and the Biden administration's strong regulations, which have restricted Web3 innovation.

However, this year, everything has changed.

This is my understanding, and I welcome discussions.