CryptoRank data shows venture funding remains uneven and concentrated in fewer, larger deals, with Coinbase Ventures leading investor activity while DeFi investment falls to its lowest quarterly level since late 2023.
Crypto venture funding has remained active but uneven, with CryptoRank data showing startups raised about $1.2 billion in July as of July 20 across roughly 25 rounds, even as overall deal activity stayed subdued and capital concentrated in fewer transactions. Coinbase Ventures led CryptoRank’s recent investor ranking with 33 investments and one led deal, ahead of Animoca Brands with 19, a16z crypto with 18 and Tether with 17. Over the past six months, exchanges, prediction markets, payments and AI drew the most capital, while DeFi raised about $654 million but fell to its lowest quarterly funding level since the fourth quarter of 2023, with second-quarter round counts at their lowest since 2020. The figures suggest the crypto VC market remains selective rather than broadly revived, with established firms continuing to shape funding flows.