In May, the number of venture capital deals in the cryptocurrency industry dropped to about 50, reaching a new low since 2021. Funding activities in traditional hot sectors such as infrastructure and crypto financial services are also near multi-year lows. The report suggests that the main reasons for the decline in deal volume are investors' continued shift of attention toward AI and the reduced supply of high-quality early-stage projects in the crypto industry. However, the total amount of financing has not decreased significantly at the same time, with funds further concentrating on a few leading projects. (The Block)

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GoToSleepAfterMinting
· 10h ago
The core issue is the depletion of supply; good projects have already been picked clean.
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LiquidityLibrarian
· 10h ago
The head effect is obvious, and small projects are becoming increasingly difficult to secure funding.
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