Crypto VC Funding Jumps 31% to $5.7 Billion in Q2 2026

Crypto venture capital investment rose sharply in the second quarter of 2026, reaching $5.68 billion across 384 deals, a 31 % increase from the previous quarter.

Later‑stage deals dominate

About 78 % of the capital went to mature, later‑stage companies, while early‑stage startups received the remaining 22 %. Pre‑seed rounds still accounted for roughly 21 % of transactions by count. The median deal size hit a record $4.9 million.

Sector focus

• Trading, exchange, investing and lending firms attracted roughly $3.52 billion (about three‑fifths of total VC spend).
• DeFi projects received about $478 million.
• Other areas such as privacy, tokenization, AI, infrastructure and payments also secured funding.

Geographic concentration

U.S.‑based startups captured 73.5 % of the capital and 39.1 % of deals. The United Kingdom ranked second with 4 % of capital, followed by France at 3.2 %.

Fundraising slowdown

Only five new crypto‑focused venture funds raised capital in Q2, the fewest in a quarter since 2019, totaling about $3.9 billion. This suggests investors may be favoring more liquid exposure such as spot ETFs over new long‑duration venture funds.

Outlook

If the first‑half pace continues, total crypto VC investment could reach roughly $20 billion for the year, close to 2025 levels but above the 2023‑2024 downturn.