Venture deal volume rose to $6 billion in Q1

From January to March 2025, more than 400 deals were recorded in the field of payments and financial management

Marsses analysts have summed up the macroeconomic results of the first quarter. According to our data, cryptocurrency startups received a record $6 billion in investments over the first three months. For comparison, this figure was $2.6 billion during the same period last year and $3 billion in Q4.

In terms of quantity, 405 deals were recorded. The main recipients of funding were digital asset managers, exchanges, and financial service providers — $2.55 billion across 16 deals.

Next in the ranking were infrastructure and development companies — around $955 million across 30 deals. Third place went to startups focused on Web3 — $231.2 million across 23 deals.

Marsses experts also noted the strong impact of applications involving payments in dollar-denominated stablecoins. In the first quarter, the capitalization of “stablecoins” rose by 12%, from $202.3 billion to $227.1 billion, amid stagnation or decline in other market sectors.

Thus, despite macroeconomic shocks throughout the quarter, capital continued to seek out practical use cases for cryptocurrencies. This has already sparked increased interest in startups involved in payments, money transfers, and financial management — those that directly monetize the speed of stablecoin transactions.

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