Crypto VC funding crashes 75% to $660M in April
April was the lowest monthly tally in over a year — and the drop from March's $2.6B is sharper than typical seasonal softness, pointing to a hard risk-off reset in capital flows.
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April was the lowest monthly tally in over a year — and the drop from March's $2.6B is sharper than typical seasonal softness, pointing to a hard risk-off reset in capital flows.
The $660M April print is the lowest monthly total in over a year and a ~4x collapse from March's $2.6B — a clean read on a risk-off tape that closed the door on new rounds.
Capital allocation reversed sharply — gaming took 62.5% of Web3 VC funding in 2022 and fell to single digits by 2025, with quarterly dollars sliding from $1.6B to $18M.