The scale of mergers and acquisitions in the crypto industry in 2025 may be the same as the total of the past five years

According to Wu Said, Messari data shows that the scale of crypto industry mergers and acquisitions (M&A) in 2025 is expected to be the same as the total in the past five years. So far, the disclosed transaction volume has reached US$11.98 billion, more than three times the amount of any single year from 2020 to 2023.