The "spray and pray" era is over. In 2025, smart money made its biggest moves yet. Despite fewer deals overall, total funding hit $22.2B, signaling a major shift toward high-quality infrastructure and sustainable DeFi models. From Bitcoin hitting $124k+ to the explosion of
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The "spray and pray" era is over. In 2025, smart money made its biggest moves yet. Despite fewer deals overall, total funding hit $22.2B, signaling a major shift toward high-quality infrastructure and sustainable DeFi models. From Bitcoin hitting $124k+ to the explosion of