2025-12-24 17:21:22

In this market cycle, investors are no longer as interested in storylines. Recently, after reviewing the funding situation, more and more projects are struggling to survive, and mergers and acquisitions have become the norm—there have been three M&A cases in just one week.

Projects that can still raise funds now seem to be focused on two areas: derivatives DEX and prediction markets. These two sectors have become the main focus of capital. Even the parent fund of a leading exchange has taken action by investing in an on-chain trading platform, which shows the popularity of this direction.

In contrast, projects without real revenue or verifiable business models are indeed facing a colder funding environment. The market is actively filtering—those with products and data survive, while pure concepts are being eliminated.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
4
Repost
Share

Comment

0/400

MetaverseHermit

· 5h ago

Derivatives DEX and prediction markets are indeed hot, but will this wave of funding be the next bubble... --- Stories are no longer compelling; capital is finally starting to look at data, it's time to wake up --- The aggressive M&A wave indicates that many projects are in dire straits; the market is indeed clearing out --- The elimination of pure concepts has been long overdue; wasting so much time and money --- How long can DEX and prediction markets last? It feels like they're almost done炒完了 --- Products and data are essential for survival; this is true, but few actually have both --- Three mergers and acquisitions in a week, sounds very hopeless...

View OriginalReply0

WalletAnxietyPatient

· 5h ago

现在融资难度这么大啊，纯讲故事真的不吃香了衍生品DEX和预测市场这两条赛道要火？感觉又要卷起来了有真实数据的项目才能活，这波确实是优胜劣汰，别幻想了一周三起并购，这节奏有点快啊...感觉很多项目撑不住头部交易所母基金都进场了，这说明市场认可度还是够的

Reply0

GweiTooHigh

· 5h ago

Derivatives DEX and prediction markets are hot again. I think this wave is just capital betting on trading volume; only projects with real data support can survive. Stories are no longer valuable; it's all about genuine trading volume and user retention. Three mergers and acquisitions in one week—honestly, this kind of reshuffling is actually refreshing, much better than a bunch of vaporware dragging down the entire ecosystem.

View OriginalReply0

FlyingLeek

· 5h ago

Really, telling stories now is basically useless; capital is already tired of it. Derivatives DEX and prediction markets are popular, but it feels like these are the only two tracks still raising money... Projects die every day, three mergers a week, hearing about it until my ears are calloused. The question is, can these two directions really break through, or is it just another cycle of cutting leeks... Only projects with real returns survive; pure PPTs are an immediate GG. Although brutal, it’s necessary, or else the market will be flooded with air coins. Talking with data is much more useful than storytelling; at least I can see clearly whether money was invested or not... Difficult financing has become the new normal. It seems that projects able to raise funds in the future are truly worth watching, indicating not all are scammers. The RMB is finally being used to distinguish quality, thank goodness. The old storytelling method should go bankrupt; thank heavens. If you ask me, the wave of mergers and acquisitions is actually quite normal; it’s just survival of the fittest. I just worry that the funds from the leading exchange’s parent fund will once again be poured into a black hole...

View OriginalReply0