[Crypto Industry VC Funding in April Plummets 74% Month-on-Month to $659 Million, Hitting a Two-Year Low] According to Cointelegraph, the crypto industry’s venture capital (VC) market significantly cooled in April, with total crypto VC funding dropping to $659 million across 63 deals. This marks a sharp 74% decline compared to March's $2.6 billion (84 deals), setting the lowest monthly funding level since July 2024. So far in 2026, the cumulative funding total for the crypto industry stands at $5.64 billion. Since peaking at $3.84 billion in October 2025, crypto VC funding has been on a continuous decline, during which the global crypto market capitalization has also fallen by approximately 37%. In terms of sectors, DeFi protocols led with 12 funding rounds, while blockchain services and AI-related crypto projects each completed 8 rounds.