PitchBook projects crypto VC funding to reach $18 billion in 2025, a 50% rise from 2024's estimated $12 billion. This growth reflects renewed interest from generalist investors, capital reserves in crypto-focused funds, and increasing institutional participation. Analysts highlight a shift toward application-layer projects, including decentralized apps targeting broader users and blockchain solutions in mobility and energy. Regulatory clarity, potentially influenced by SEC leadership changes, could further boost investments. Even a lack of new regulatory measures would be seen positively, mitigating past uncertainty. This prediction underscores the sector’s resilience and evolving appeal despite previous market challenges.