According to The Defiant, CryptoRank data shows that only 150 venture capital firms participated in cryptocurrency project funding in July, the lowest monthly number since November 2020, representing an approximately 87% decline from the peak of 1,177 firms in May 2022. In Q2, around 651 firms participated in cryptocurrency funding, down approximately 75% from 2,564 firms in Q2 2022. Dragonfly closed its fourth fund of $650 million in February this year.
July saw 150 active crypto VCs, the lowest number since 2020.
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Summary
July crypto news shows only 150 venture capital firms were active in crypto project financing, the lowest since November 2020. This represents an 87% drop from the 1,177 firms in May 2022. In Q2 2026, approximately 651 firms participated, a 75% decline from Q2 2022. Dragonfly Capital closed its fourth fund in February 2026 with $650 million. Crypto Today highlights a sharp slowdown in funding activity.
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