Analysis: This year, 56 tokens supported by VC have been listed, among which 3 tokens have an FDV exceeding 1 billion USD.

PANews, July 2 news, crypto analyst @ahboyash posted on the X platform that by mid-2025, 56 venture-capital-backed Tokens will have been listed. Among them, 45 Tokens have a Fully Diluted Valuation (FDV) of 50 million to 1 billion (accounting for 80% of the total projects), 8 Tokens have an FDV of less than 50 million, and 3 Tokens have an FDV of over 1 billion (namely Kaito, Story Protocol, and Walrus). It is worth noting that venture capital firms usually invest in the seed round, at which point the project's valuation is generally 20 million to 100 million FDV; after the token generation event (TGE), the venture capital's Tokens will be locked for about 3 years, and after the lock-up + vesting period ends, the valuation may further experience a big dump; the trading prices of some projects' Tokens are already below the valuation of the last round of financing (meaning investors have already incurred losses).