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“A lot of the projects that have done the best [in 2024] have been meme token projects,” EARN’M co-founder Dan Novaes told Cointelegraph.
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2025 will be a year of crypto projects and tokens merging to maximize product-market fit, according to Dan Novaes, co-founder of EARN’M — a loyalty platform that rewards users for screen time on their mobile devices.
In an interview with Cointelegraph, the executive said the crypto space is extremely overcrowded and plagued by over-tokenization, disproportionately affecting utility-based altcoin projects.
“Altcoins have generally been the worst performing sector of the newly launched coins,” Novaes added, as the speculative premium once enjoyed by altcoins is snatched away by memecoins and other hot narratives.
The EARN’M co-founder told Cointelegraph that this coming consolidation phase is similar to the consolidation of mobile applications and is a sign the industry is maturing.
Mergers and acquisitions of startup companies and projects are predicted to increase under the incoming Trump administration, driven by a policy of deregulation and pro-crypto cabinet members.
Number of Pump.fun tokens created on Pump.fun during 2024. Source: Dune
Related: AI, tokenization to usher ‘new long-tail capital market’ in 2025: Bitwise
2025 kicks off with several mergers and acquisitions
Fiat-to-crypto onramp company MoonPay announced the acquisition of Helio — a payment processor that allows businesses to accept payments in crypto — in January 2025.
The $175 million acquisition will expand MoonPay’s services and provide a more efficient transaction process for merchants using MoonPay to accept funds.
Blockchain analytics company Chainalysis acquired fraud prevention firm Alterya for $150 million, the company announced on Jan. 13.
Alterya uses AI agents to detect and prevent fraud, which Chainalysis said is set to increase due to the rise of generative artificial intelligence.
According to Chainalysis, Alterya detected over $10 billion in scams in 2024 and has worked with well-known crypto firms Binance, Coinbase, Block, and traditional financial institutions.
A recent Bloomberg report revealed that Deribit, a crypto options exchange, is exploring potential buyout offers. The options exchange could be worth as much as $5 billion but is not currently up for sale.
Spokespeople for Deribit said they received several investment offers from interested firms over time but would not disclose the parties to the media.
Magazine: Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex
This article first appeared at Cointelegraph.com News
