In April, venture capital funding for the crypto industry plummeted 74% month-over-month to $659 million, the lowest level in nearly two years.

CoinFeed reported on May 1st, citing Cointelegraph, that the crypto venture capital market cooled significantly in April, with total crypto VC funding falling to $659 million, completing 63 funding rounds. This represents a sharp 74% decrease compared to March's $2.6 billion (84 rounds), marking the lowest monthly funding level since July 2024. So far in 2026, the crypto industry has raised a total of $5.64 billion. Since reaching a high of $3.84 billion in October 2025, crypto VC funding has been declining, during which time the global crypto market capitalization has fallen by approximately 37%. In terms of sectors, DeFi protocols led with 12 funding rounds, while blockchain services and AI-related crypto projects each completed 8 rounds.