PANews reported on December 3rd that, according to Cryptopolitan, RootData data shows that venture capital activity in the crypto industry slowed in November 2025, with the number of publicly disclosed investment deals falling to 57, a 28% decrease month-over-month and a 41% decrease year-over-year. Despite the decrease in the number of deals, total funding surged to $14.54 billion, a 219% increase from $4.556 billion in October. This significant increase stemmed from Naver's $10.3 billion acquisition of Upbit operator Dunamu, the largest funding event in crypto history.
From an industry perspective, DeFi projects accounted for the largest share of investment transactions, representing 30.4% of all disclosed crypto venture capital deals in November, making it the most active category. Centralized financial infrastructure followed closely, accounting for 12.5% of the total transactions, including exchanges, lending platforms, and other centralized cryptocurrency services. AI-centric crypto projects, as well as RWA/DePIN projects, each accounted for 7.1% of the total investment. Tool and wallet development projects accounted for 5.4% of the total transactions, while Layer 1 and Layer 2 blockchain infrastructure projects accounted for only 1.8%. NFT and GameFi projects combined accounted for 1.8% of the total transactions.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more