According to Bitcoin.com, in February 2025, cryptocurrency venture capital activities rebounded, with 98 projects receiving a total of $951 million in public financing, a 14% increase compared to the previous month. However, according to RootData data, the year-on-year investment level has still decreased by 35% compared to February 2024. Stablecoins and payments have become the dominant categories, attracting a large number of institutional support. DeFi and artificial intelligence (AI) fields have also received significant growth in financing. However, Layer1/Layer2 blockchain projects and CeFi investments are still relatively sluggish. The continuous inflow of funds into stablecoins, payments, and decentralized financial infrastructure indicates that institutions are increasingly confident in regulated and scalable cryptocurrency applications. With the increasingly clear regulatory environment, venture backed enterprises are expected to drive the next wave of cryptocurrency adoption.