Crypto VC Activity Drops 87% From 2022 Peak as Only 150 Firms Participate in July

According to Cryptorank data, as of July 28, crypto venture capital activity hit a six-year low with only 150 independent venture capital firms participating in funding rounds in July, down 87% from the May 2022 peak of 1,177 active investors.

Dragonfly managing partner Haseeb Qureshi attributed the decline to mature networks becoming increasingly difficult for startups to challenge, suggesting crypto venture capital may be entering a final phase where scale and liquidity concentrate among fewer established platforms. By 2030, he said, most significant crypto companies may already be established, leaving limited room for new entrants to disrupt the market.