TREE NEWS update: The crypto VC landscape is shifting from token-centric speculation to sustainable revenue models, with stablecoins, prediction markets, and perpetual exchanges showing product-market fit. Regulatory clarity and new exit paths (M&A, IPOs) are attracting patient capital, while many funds are leaving or pivoting, leaving room for specialized investors.
Crypto VC After the Bubble: Exiters Leave, Deep Divers Add
AI take
The shakeout is doing the sector's sorting for it: funds that treated tokens as the product are exiting while specialist capital moves toward businesses with actual revenue. The notable signal is that regulatory clarity and real exit routes, not narrative, are what pull patient money in. Whether the remaining specialists can hold their discipline once sentiment turns is the open question.
Generated by AI for reference only.
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