Crypto VC Monthly Deal Volume Hits 5-Year Low at Around 50 Transactions

According to The Block, cryptocurrency venture capital monthly deal volume has plummeted to approximately 50 transactions, marking the lowest level since early 2021. Both infrastructure and crypto financial services—historically the most active segments—have reached multi-year lows as investor attention shifts significantly toward AI projects, coupled with insufficient supply of early-stage quality projects.

Despite declining deal count, total funding amounts remain at relatively elevated levels, exhibiting a "fewer but larger" pattern. Prediction market platform Kalshi's recent $1 billion funding round exemplifies this trend. Industry observers note that the current low-noise environment presents a window for projects with clear use cases and genuine traction.