Ten crypto initiatives that had billion-dollar personal valuations now commerce at market caps starting from $7 million to $294 million, in accordance with CryptoRank information.
The hole between last-round enterprise capital valuations and present market caps ranges from 88% to over 99%. 4 of the ten hardest-hit initiatives belong to the zero-knowledge proof and Layer 2 sector.
Scroll, and Boba Community Lead the Record
Scroll (SCR) tops the rating with a 99.54% decline. The Ethereum Layer 2 raised $80 million throughout two rounds led by Polychain Capital, Variant Bain Capital Crypto, and extra. Its last-round valuation stood at $1.8 billion.
It now trades at roughly $8.25 million in market cap.
Boba Community follows at -99.26%, whereas Gas Community registered a 99.25% drop from a $1 billion valuation.
“These initiatives have fallen from billion-dollar valuations to almost zero — a putting instance of near-total worth destruction. Even backing from Tier-1 VCs like Paradigm, Sequoia, Cbventures, and Multicoin wasn’t sufficient to guard post-TGE efficiency,” the put up learn.
Starknet (STRK) recorded the biggest absolute loss on the record. It raised $282.5 million from Paradigm, Sequoia Capital, and Greenoaks Capital at a valuation of $8 billion. Its present market cap sits close to $199 million, a 95% decline.
Rounding out the highest 10 are Polyhedra (-99.05%), Wormhole (-96.99%), Magic Eden (-96.70%), HashKey Group (-96.46%), Mocaverse (-90.23%), and Immutable (-88.23%).
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Crypto VC Funding Rebounds Regardless of Market Weak spot
Regardless of these losses, enterprise capital exercise has picked up once more. CryptoRank information exhibits that March 2026 recorded round 100 funding rounds totaling $2.59 billion in raises, the very best degree since October 2025.
Coinbase Ventures and Animoca Manufacturers led essentially the most rounds throughout the month. Furthermore, blockchain providers accounted for 39 rounds, adopted by decentralized finance (DeFi) with 20 rounds, and centralized finance (CeFi) with 15 rounds.
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