Crypto VC funding plunges 74% to $659M in April
Crypto venture capital funding fell 74% to $659 million in April across 63 rounds, the weakest monthly total since July 2024 amid continued market pressure.
In April 2026, crypto venture capital funding fell 74% to $659 million across 63 funding rounds, down from $2.6 billion across 84 rounds in March, according to CryptoRank. Year-to-date investment in 2026 totaled $5.64 billion.
The April total was the lowest monthly sum since July 2024, when projects raised $622 million across 132 rounds. Monthly VC funding has declined since October 2025, when projects raised $3.84 billion across 127 rounds.
Market data show reduced liquidity and lower risk appetite. The global crypto market capitalization declined about 37% since October 2025, according to CoinGlass.
By sector, decentralized finance protocols recorded the most deal activity in April with 12 funding rounds. Blockchain services and crypto projects tied to artificial intelligence each logged eight rounds. Investors also backed infrastructure providers, exchanges and real-world asset tokenization projects.
GSR’s venture arm was the most active investor in April with four disclosed deals: a $3.5 million seed round for Legend Trade, a $4 million seed for 3F, a $1 million pre-seed in Enhanced Finance and an undisclosed investment in tokenization firm Libeara. Zurich-based L1 Digital took part in three investments, including a $5 million seed in exchange Exponent, an $18 million strategic investment in infrastructure provider Squads and a $7.5 million Series A in blockchain services company Oh.
Other participants that joined three deals each in April included Y Combinator, Tether, Animoca Brands, landScape Capital, Coinbase Ventures and Kosmos Ventures. Deal stages ranged from pre-seed and seed rounds to strategic investments and Series A financings.
April’s figures return monthly fundraising to levels last seen in mid-2024 and continue a pattern of lower monthly totals after the October 2025 peak.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
