[Crypto Financing in April Drops 74% Month-on-Month to $659 Million, Hitting Lowest Level Since July 2024] Reported by Jinse Finance, on May 2, data shows that the total crypto financing in April amounted to $659 million, a 74% decrease compared to $2.6 billion in March. The number of financing deals dropped from 84 to 63. Since 2026, cumulative financing has reached approximately $5.64 billion. April's financing marked the lowest level since July 2024. The decline in funding reflects a cautious approach by investment institutions amid weakening liquidity and risk appetite. Since October 2025, crypto financing volumes have been steadily decreasing, with the total market capitalization of the crypto market falling by approximately 37% during the same period. Among specific sectors, DeFi projects garnered the most attention, completing 12 financing deals in April. Blockchain services and AI-related projects each completed 8 deals. On the investment side, market maker GSR was the most active investor of the month, participating in 4 financing transactions.