Crypto Venture financing in the US clocked to approx. $ 861 million in the first three months of 2025, but was dwarfed by artificial intelligence of nearly $ 20 billion departure, according to data provided by Pitchbook, showing how investors continue to turn against AI.

Data shows that investors closed 795 agreements in the US in AI from January to March, with Blockbuster offers such as Databricks ’15, $ 3 billion round and Anthropics increase of $ 2 billion dominant headlines.

Crypto’s largest blockbuster deal was, by comparison, Abu Dhabis MGX with a $ 2 billion investment in Binance – the first institutional location in Crypto Exchange. Other notes of note include an increase of $ 82 million from payment infrastructure company Mesh, ETF issuer BitWise’s $ 70 million round and digital asset bank Sygnums offer of $ 58 million.

Previous reporting of the pitchbook shows that AI-Startup’s attracted one-third of global VC investments in 2024, a total of $ 131.5 billion, with almost a quarter of new startups being an AI company across 4,318 VC offers compared to Cryptos $ 4.9 billion across only 706 offers.

Analysis: Has AI stolen Cryptos VentureDollar?

Blockbuster rounds from VCs in the AI ​​room and the headline affected by antiquity, such as Openais Sam Altman seeking trillion, and AI’s increase from technological news to household name thanks to transformer models would make one believe that there is suddenly an investor preference for one over the other.

Historically, all data shows that VCs have generally favored AI rather than crypto, with AI and machine learning, which attracts consistent funding that has been expanded exponentially, according to Statistics Data, growing from $ 670 million in 2011 to $ 36 billion by 2020.

There has only been a year when Crypto beat AI for funding, and it comes with a warning: narrower AI categorizations, such as ABI Research’s $ 22.3 billion AI -Estimate in 2021, suggests that Crypto briefly over -the Billions in 2024.

Remember, all this ignores crypto-native quirks such as airdrops, which put fresh capital in users on and in turn pump the token price, inflation of the size of the projects’ treasuries.

A recent dragonfly report found that the 11 largest air drops between 2020 and 2024 generated $ 7 billion. This does not close the gap between AI and Crypto, but it shows that there are more ways to get a dollar than traditional venture capital.