April VC Funding in Crypto Market Plummets 74% to $659 Million, Lowest Since July 2024

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In April, venture capital funding in the crypto market saw a significant decline, with total financing dropping to $659 million, a 74% decrease from March’s $2.6 billion, marking the lowest monthly level since July 2024. A total of 63 funding rounds were completed in April, including 12 rounds in the DeFi sector, 8 rounds for blockchain services, and AI-related crypto projects. The venture capital arm of market maker GSR participated in 4 investments, while institutions such as Y Combinator, Tether, and Coinbase Ventures maintained a certain level of investment activity.

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