The number of active crypto venture capital institutions dropped to 150 in July, hitting a new low since 2020.
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According to The Defiant, CryptoRank data shows that in July, only 150 venture capital institutions participated in crypto project financing, marking the lowest monthly count since November 2020 and a decrease of approximately 87% compared to the peak of 1,177 in May 2022. Around 651 institutions participated in crypto financing in Q2, down about 75% from 2,564 in Q2 2022. Dragonfly completed its fourth fund of 650 million US dollars this February.
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