Crypto’s “Great Consolidation”: The Era of Easy Money Is Over as an M&A Frenzy Begins

Crypto M&A activity in 2025 is on pace to surpass 340 deals, setting a new record VC funding dries up as firms shift focus to survival, scale, and sustainability via M&A Large crypto fund launches collapse, with only 13 funds over $100M formed in 2025 The crypto industry is in the middle of a great reshuffling. A new report shows that while venture capital, VC funding has dried up, the pace of mergers and acquisitions (M&A) is on track to set a new all-time high this year, signaling a major shift in the crypto market. So far in 2025, 185 M&A deals have already closed. According to data from the analytics firm Messari, at the current pace of nearly 29 deals per month, the year 2025 will exceed 340 total deals, which would be a new record. Crypto M&A in 2025 is on track for a record year: – 2024: 222 deals (ATH) – 2025 YTD: 185 deals, ~84% of 2024 – 2025 pace: ~28.5/month, could exceed 340 deals Big crypto fund launches have collapsed: – 2022: 136 funds over $100M. – 2025 YTD: only 13. pic.twitter.com/Pb5iFYJK4a — Messari (@MessariCrypto) July 17, 2025 An M&A Boom and a VC Bust The once-flowing river of VC funding has slowed to a trickle. In May 2025, on… The post Crypto’s “Great Consolidation”: The Era of Easy Money Is Over as an M&A Frenzy Begins appeared first on Coin Edition .