Galaxy: MGX's Single Investment in Binance Accounts for 40% of Q1 Crypto Funding

BlockBeats News, May 3rd, Galaxy Digital's report shows that the total amount of venture capital in the crypto industry in the first quarter of 2025 reached $4.9 billion, a 40% increase compared to the previous quarter, marking the highest level since the third quarter of 2022.

Over 40% of the funds (about $2 billion) came from the Abu Dhabi sovereign fund MGX in a single investment in Binance. U.S. companies continued to lead with 38.6% of the transaction volume, with funding mainly focused on exchanges, DeFi, and infrastructure.