According to a recent report from Pantera Capital, the crypto industry is poised to surpass its record-breaking funding levels of 2021. The report indicates that over $16 billion has been raised by crypto companies this year alone, already exceeding the total transaction volume for the entire year of 2024. This surge in funding is driven by a wave of mergers and acquisitions (M&A) and Initial Public Offerings (IPOs), according to Paul Veradittakit, managing partner at Pantera Capital. His report highlights the remarkable growth seen in M&A activity this year, with over 100 deals reaching completion worth $1.73 billion. This trend is expected to continue into 2025 as transaction numbers are projected to surpass those of 2024. With 76 M&A deals completed between January and July, totaling $6.23 billion, this represents a remarkable 3.6-times increase compared to the total transaction volume from 2024.