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Crypto VC Funding Plunges to $659M in April, Hits 2024 Lows

Cointelegraph
Crypto venture capital funding dropped to $659 million in April, marking the lowest monthly total since July 2024.

Summary

Crypto venture capital funding plummeted to $659 million across 63 rounds in April, a 74% decline from March. This figure represents the lowest monthly fundraising level since July 2024, reflecting increased investor selectivity amid ongoing market pressures and reduced risk appetite. Decentralized finance (DeFi) protocols saw the most activity, while GSR and L1 Digital emerged as the most active investors during the month.

(Source:Cointelegraph)