币界网报道：According to DL News, according to DefiLlama data, the total financing of crypto projects in the first half of 2025 reached 10.3 billion US dollars, which has exceeded the full-year scale of 2024. Among them, three iconic projects accounted for 22% of the total financing: 1. Stablecoin issuer Circle raised 1.1 billion US dollars through the NYSE IPO, and its stock price soared 500% after listing. 2. The TON Foundation associated with Telegram completed the financing of 400 million US dollars of Toncoin tokens in March. 3. Trump's related project World Liberty Financial completed the first issuance of 300 million US dollars of tokens on the presidential inauguration day in January, and then obtained 385 million US dollars through four rounds of financing. It is worth noting that Hut 8, a Bitcoin mining company associated with the Trump family, raised 220 million US dollars to purchase mining machines during the same period. The company's co-founders include Eric Trump. Venture capital institutions predict that the industry's financing amount for the whole year may exceed 25 billion US dollars.