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This holiday season, cozy up to the fire with Messari's free Crypto Theses 2025 – Now Available in PDF format! ⬇️ Download as a PDF today: https://messari.co/4ftFSA0 To give you an idea of what you can expect, here's a LinkedIn exclusive sneak peek of the first 10 pages of the free report. Happy reading!

Messari's FREE 2025 Crypto Theses dives into the key trends shaping the crypto industry. From Binance's enduring dominance in CeFi to Solana’s rise as the go-to blockchain for DePINs and Bitcoin's impressive price action driven by institutional interest, the report provides unparalleled insights into the most critical developments. Ready to explore the future of crypto? Here’s a sneak peek into three key highlights from this year’s report. 1/ This year, Binance continues to dominate spot volumes across CEXs. Get a full overview of the CEX landscape this year in the CeFi section of the report.  👉 Catch Up on CeFi: https://messari.co/3VKfkU8 2/ Solana has emerged as the preferred blockchain for building DePINs. This trend has accelerated following notable migrations, with high-profile projects like Helium and Render now leveraging Solana. 👉 Dive Deep on DePIN: https://messari.co/3P18bLw 3/ Bitcoin reached new heights this year, making numerous runs to all-time highs. This price action was largely driven by institutional adoption and political focus on Crypto during the 2024 election. Learn more in the report. 👉 Buck up on Bitcoin: https://messari.co/401HfkU 4/ These are just a few highlights from Messari’s 2025 Crypto Theses. Explore the full report for 150+ paged packed with key details about the trends shaping 2025. 📖 Dive Into the FREE Report: https://messari.co/3VNFZzj

📢 Messari's Crypto Theses 2025 is Here! Dive into the definitive guide to the crypto industry's key trends, narratives, and predictions for the year ahead. From macro insights to sector highlights on Bitcoin, Ethereum, DePINs, and AI x Crypto, this year’s report is packed with everything you need to stay ahead in 2025. 🌐 State of Crypto: macro trends, policy updates, and capital flows shaping the crypto landscape. 🗂️ The Sector Theses: Deep dives into key crypto sectors, including Bitcoin, Ethereum, Solana, DeFi, AI x Crypto, and emerging infrastructure trends. 🫶 Messari Analyst Picks: Analysts’ curated insights on standout winners, losers, and top assets for 2025, alongside key trends like DePIN, AI agents, and Hyperliquid ecosystems. 🏆 The 2024 Messari Awards: A celebration of the best protocols, teams, and innovations in crypto, as voted on by the Messari team. 📖 Read the Report: https://messari.co/3ZZAWgP To celebrate the launch, we’re offering 30% off an annual Messari Pro subscription—unlock advanced analytics, premium research, and exclusive insights to power your crypto journey. Use code THESES25 at checkout! 🎉 Upgrade to Pro for 30% off: https://messari.co/3ZUybhE

🚀 39 Projects Raised $465M While M&A Momentum Continues Last week saw $465M in funding across 39 projects, six acquisitions, and one major merger reshaping the crypto landscape. Four new funds also launched, raising a combined $495M targeting AI, gaming, and more. 🔹 Notable Deals: Avalanche ($250M), Klickl ($25M), Exabits ($15M), Lava ($10M) 🔹 M&A: Crypto.com, Synthetix, Interchain Foundation making strategic moves 🔹 Funds: Beam Ventures ($150M), Topology Fund 1 ($75M), Gravity VC Alliance ($50M) Read the full breakdown ⬇️

🚨 $112M Raised + A New Bitcoin Power Play. Last week’s crypto venture scene: 💸 $112M Raised: 30+ deals, including Union ($12M), Spexi ($11.5M), & more. 🤝 M&A Surge: Yuga Labs, Mainbot, and APX Finance led key acquisitions. ₿ Bitcoin’s Big Move: Sora Ventures launched a $150M BTC-focused fund. 🔥 Investors Stay Aggressive: Animoca Brands continues to deploy. Get the full breakdown below

What's in the cards for 2025? Join my fireside w/ Aliya Das Gupta of Sygnum Bank & Francesco Andreolí of Consensys: 🕚 Monday, Dec. 9, 18:30 📍 TRUST SQUARE, Bahnhofstr. 75, Zürich 🇨🇭 Register: https://lnkd.in/eStVX7Cr Messari TRUST SQUARE CryptoMondays Zurich #digitalassets

🌍 Decentralized Energy: A $21 Trillion Opportunity The clean energy transition requires $21 trillion in grid investment by 2050. Decentralized Physical Infrastructure Networks (DePINs) are emerging as scalable solutions to: 🌞 Expand Distributed Energy Resources (DERs) like solar panels and EV chargers. ⚡ Improve grid coordination with Virtual Power Plants (VPPs) and tokenized incentives. DePINs align with ESG objectives and carbon credit frameworks, offering financial institutions opportunities for innovative financing models, enhanced regulatory compliance, and strategic participation in the clean energy transition. Explore how these decentralized networks are reshaping energy markets: https://messari.co/4inkZcA

November brought a mixed bag for crypto venture: 💸 $1.26B invested across 151 deals—funding slowed, but big bets like Tether’s $600M sale to Cantor Fitzgerald kept things interesting. 📈 M&A surged 35% month-over-month, with heavy hitters like Crypto.com, Coinbase, and Robinhood leading the charge. 🎮 Animoca Brands stayed on top, closing 7 deals and cementing its lead as 2024’s most active investor with 101 total. What’s driving the trends? M&A activity is reshaping the crypto landscape as companies race to scale and secure top talent. Meanwhile, fresh capital keeps flowing, with standout raises like Accolade Blockchain III ($202M) and Portal Ventures Fund 2 ($75M) driving innovation across the ecosystem. Catch the full November breakdown and insights into where things might head next.

Last week marked another dynamic period for crypto venture activity; over 25 projects raised $120 million, 5 projects were acquired, and 2 funds were launched. Key Highlights: Notable Deals: Monkey Tilt ($30M), Noble ($15M), KGeN ($10M), Shinami ($5.65M), OpenLayer ($5M), and more. M&A Activity: Paxos acquired Membrane, Phantom acquired Blowfish, Robinhood acquired TradePMR, Crypto.com acquired Charterprime, and more. Funds: Accolade Partners ($202M) and Ryze Labs ($5M) launched new funds.

🚀 The Solana Portal: Your NEW Home for Ecosystem Insights Introducing the Solana Portal, Messari’s first ecosystem platform offering free, no-login access to comprehensive data and insights for anyone navigating Solana’s ecosystem. Why We Built the Solana Portal ✅ Quantitative + Qualitative Insights: So you have the Full Picture ✅ Time to Insight: Instant answers for investors, builders, BD teams, and newcomers. ✅ Streamlined Navigation: All things Solana in one convenient place. The Solana Portal delivers real-time insights on token prices, on-chain activity, governance, protocol upgrades, fundraising, news, and project developments, enabling informed and efficient decision-making. And this is just the beginning—Portals for Avalanche, Tron, and more are on the way. 👉 Explore now: solana.messari.io