RootData：1차 시장 자금 조달액이 두 배로 증가하며 사상 최고치를 기록, 자금이 "상위로 집중되는" 특성을 보임
Jan 4, 2026 15:56:38
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据《RootData 2025 Web3 산업 연례 보고서》显示，2025年 암호화 1급 시장融资总额达227.3亿美元，同比大幅增长120.6%，并购事件数创历史新高 。
然而，亮眼数据背后是严重的结构化分化：增长主要由Polymarket、Binance等少数大额融资驱动，早期项目融资环境持续恶化，融资件数创近五年新低 。市场整体仍处于深度出清阶段，尚未出现广泛的周期性复苏信号 。
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