Naver’s Massive Acquisition Fuels Crypto VC Boom

A major shakeup in the cryptocurrency venture capital (VC) landscape occurred in November 2025, fueled by Naver’s record-breaking acquisition of Dunamu for $10.3 billion. This deal dramatically boosted total funding to a staggering $14.54 billion, marking a significant increase despite a notable decrease in the number of VC deals closed that month. While deal volume fell by 28%, this record-breaking investment indicates growing investor confidence in crypto projects like DeFi and Ethereum-compatible ventures.