Data: In April, VC financing in the cryptocurrency industry plummeted by 74% month-on-month to $659 million, reaching the lowest level in nearly two years
According to Cointelegraph, the venture capital market in the cryptocurrency industry significantly cooled down in April, with the total amount of cryptocurrency VC financing dropping to $659 million, completing 63 rounds of financing, a sharp decline of 74% compared to March's $2.6 billion (84 rounds), marking the lowest monthly financing level since 2024.
As of 2026, the cumulative financing amount in the cryptocurrency industry has reached $5.64 billion. Since peaking at $3.84 billion in October 2025, cryptocurrency VC financing has continued to decline, during which the total market capitalization of the global cryptocurrency market has also fallen by about 37%. In terms of sectors, DeFi protocols led with 12 rounds of financing, while blockchain services and AI-related cryptocurrency projects each completed 8 rounds. The venture capital department of market maker GSR became the most active investor in April, participating in 4 financing deals; institutions such as Tether, Animoca Brands, and Coinbase Ventures also participated in 3 transactions each.
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