币界网报道：[Data: 56 VC coins will be listed in the first half of 2025, and only three have FDV exceeding $1 billion] According to the data released by X platform user @ahboyash, 56 venture capital-backed tokens have been listed in the first half of 2025. Among them, 80% (45 projects) have a total fully diluted valuation (FDV) between $50 million and $1 billion at the token generation event (TGE), 8 projects are less than $50 million, and only 3 projects (@KaitoAI, @StoryProtocol and @WalrusProtocol) exceed $1 billion. The data also pointed out that venture capital usually invests in the seed round with a valuation of $20 million to $100 million, and investors need to lock in for about 3 years after TGE, while the current trading price of some projects is lower than the valuation of their previous round of financing, leaving investors at a loss.