Only 150 unique funds took part in funding rounds this month, marking a sharp slowdown in venture participation, according to CryptoRank.
Crypto venture capital activity has fallen to its weakest level since November 2020, with only 150 unique funds participating in funding rounds this month, according to CryptoRank. The decline points to a broad cooling in startup financing across the digital-asset sector, where venture funding is often used as a gauge of investor risk appetite and early-stage market confidence.