The beginning of Q3 2025 has been marked by the notable closing of Acquisition Deals worth $ in the Crypto space. The just ended week from 7 July-12 July saw major Crypto brands closing in major acquisition deals, continuing to hype up the M&A activity.From OpenSea, Coinbase, Monad to Pump.Fun, the crypto acquisition space saw around 4 such acquisitions this week. Here’s a list and detailed analysis of the deals:
OpenSea Acquires Rally for “Mobile-First” NFT Trading
On July 8, the NFT leader OpenSea acquired the mobile-first Web3 wallet Rally to bring NFT and token trading to users’ pockets.
Founded in 2021, Rally is built from the ground up as a mobile-first app with social features, excelling in mobile wallet management, real-time token trading, and portfolio tracking.
With the acquisition, a new mobile OpenSea app that’s a true “onchain everything app” is expected later in 2025. OpenSea is aiming at evolving from a pure NFT marketplace into a “one-stop shop” for all on-chain activities including tokens, DeFi features, perpetual futures, and more.
As part of the deal, Rally co-founders who are both ex-Robinhood employees – Chris Maddern (now CTO) and Christine Hall (Chief of Staff) – have joined OpenSea. They bring proven expertise in mobile app architecture, UX, and on-chain trading.
Steve, a thought leader in NFTs, called it a “smart move by OpenSea”. He said that OpenSea has rightly recognised that “The next wave of onchain users isn’t coming from desktop – it’s from the familiar experience of the six-inch screen we all carry. This isn’t just a bet. It’s a blueprint.”
PumpFun Acquires Wallet Tracker Korscan
Another major acquisition that came this week was on July 11 when the leading token launchpad PumoFun acquired Kolscan.
Similar to OpenSea’s bet, this acquisition also aims to make crypto token trading more social and transparent. As the wallet tracker, Kolscan will be integrated into the PumpFun products to improve the reliability and speed of PnL, trades and token data. A leadership board that includes not only KOLs will also be integrated as part of the acquisition.
Alon, co-founder of Pump.Fun said on the acquisiton, “we believe that products that provide social insights/tools and gamify the trading experience are key to growing our ecosystem.”
Interestingly, the acquisition came in as the platform raised $500 million from its 12-minute long $PUMP token sale on Sunday.
we’re excited to announce that pump fun has acquired @kolscan
Kolscan is a wallet tracker that monitors the activities of top onchain traders. it provides realtime transactions, token PnL, and a leaderboard ranking their performance
our integration will not only enable better… pic.twitter.com/V4VDcOwVeG
— pump.fun (@pumpdotfun) July 10, 2025
Monad and Coinbase’s Bet at Expansion
Another two important acquisitions that came in this were Monad Foundation acquiring Portal Labs and Coinbase completinf an acqui-hire of Opyn’s leadership.
On July 9, the high‑performance EVM-compatible Layer‑1 blockchain, Monad Foundation acquired Portal Labs, the team behind Portal — a standalone, embedded stablecoin payments infrastructure platform Prepare for Monad’s upcoming mainnet launch, Portal will build a full-stack stablecoin payment ecosystem targeting enterprises, fintechs, and Web3 developers.
Further, in a bid to enhance its Coinbase’s Onchain Markets team, Coinbase on July 11 welcomed Opyn’s leadership team into its own team. This includes Opyn’s CEO Andrew Leone, Head of Research Joe Clark, Opyn’s co-founders – Alexis Gauba, Aparna Krishnan, Calvin Liu. The acquisition is aimed at enhancing the on-chain derivatives & institutional offerings of Coinbase as its team has significant DeFi options expertise.
Opyn was the first platform to introduce the first decentralized options protocol, Power Perpetuals, and Squeeth and can help the CEX which is eying expansion in derivatives.
M&A Activity for Q3 can Beat Records
As exemplified in the past week itself, Crypto M&A has been building impressive momentum and Q3 2025 could indeed shatter records.
Q1 was a record quarter. It witnessed 62 crypto M&A deals with headline-grabbing moves like Kraken’s $1.5 billion acquisition of NinjaTrader.
According to Coingape Q2 2025 report, in Q2 2025 too, the M&A activity picked up highlighted most notably by the Coinbase’s $2.9 billion Deribit acquisition.
Thus, Q3 crypto M&A can set new records in terms of volume and potentially transaction value—thanks to strong momentum and favorable market conditions.
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Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
