According to data provided by PitchBook, U.S. Crypto Venture funds earned about $861 million in the first three months of 2025, but were attracted by the nearly $20 billion operation of artificial intelligence.
Data shows that investors completed 795 transactions in US AI from January to March, a sensational transaction Databricks’ $15.3 billion round and Humanity’s $2 billion salary increase Lead the headlines.
By contrast, the biggest blockbuster in cryptocurrency is Abu Dhabi’s MGX Invest $2 billion – The first institutional placement in a crypto exchange. Other notes deals include a $82 million pay raise from a payment infrastructure network, a $70 million round by ETF issuer Bitwise, and a $58 million issue by digital asset bank Sygnum.
PitchBook’s prior report AI startups attracted a third of global venture capital in 2024, totaling $131.5 billion, and a quarter of new startups are AI companies in 4,318 VC deals, while Crypto’s $4.9 billion is just 706 models.
Analysis: Has AI stole the cryptocurrency USD?
A blockbuster round from VCS in AI space and engaging antics, For example, Openai’s Sam Altman seeks trillionsand the rise of AI from technological novelty to household names Thanks to the transformer modelwill make a person think that suddenly an investor prefers another person.
Historically, all data suggests that VCs are often more than AI than cryptocurrencies, while AI and machine learning attract consistent funds, which is exponentially expanded. politiciangrowing from $670 million in 2011 to $36 billion in 2020.
Cryptocurrencies have only been a year to beat AI for funding, and here’s a warning: narrower AI classifications, e.g. ABI researchSGD 22.3 billion AI estimates in 2021 show that cryptocurrencies briefly outpaced AI funds during a bullish crypto cycle, and then AI funds surged again to over $100 billion by 2024.
Remember that all of this ignores encrypted local quirks like Airdrops that take new capital into the hands of users and then tilt the token price to inflate the scale of the project.
The latest report of dragonfly It was found that between 2020 and 2024, the 11 largest gas and water generated $7 billion. This won’t close the gap between AI and cryptocurrencies, but it shows that there are more ways to get a dollar than traditional venture capital.
