Crypto VC participation falls to 150 firms in July, lowest since November 2020

CryptoRank data shows investor participation in crypto funding rounds remains far below 2022 levels, with fewer institutions active even as larger funds continue backing infrastructure and RWA projects.

28d ago

Fact Check

The claim is directly corroborated by the originating source, a Wu Blockchain post citing CryptoRank (a recognized crypto market data platform), and by the CoinNess news report. Both state exactly 150 unique VC firms as of July 28, 2026, the lowest since November 2020, versus the May 2022 peak of 1,177 investors. CryptoRank's own dashboard confirms it tracks this 'Unique Investors' metric. Figures are consistent across all sources with no conflicting evidence. Confidence is high, though it is a single-platform (CryptoRank) dataset for a partial-month figure.

Summary

Participation by crypto venture investors fell to 150 firms in July, down about 87% from the May 2022 peak of 1,177 and the lowest monthly level since November 2020, according to CryptoRank data cited by The Defiant. Second-quarter data showed about 651 institutions took part in crypto funding rounds, down about 75% from 2,564 in Q2 2022. The trend points to a more concentrated funding market in which a smaller group of investors remains active, while larger funds continue to support areas such as infrastructure and real-world asset projects. Dragonfly closed a $650 million fourth fund in February, underscoring that sizable capital pools are still being raised despite the broader pullback in participation.

Terms & Concepts

venture capital firms: Investment firms that provide funding to startups and early-stage companies
funding rounds: Capital-raising events in which startups secure money from investors
RWA projects: Crypto projects focused on tokenizing or connecting real-world assets such as securities, credit or property to blockchain-based markets