Fewer investors are participating in crypto funding rounds as macroeconomic pressures and competition for capital weigh on venture markets.

Crypto venture activity continued to narrow in 2026 as the number of investors participating in the sector fell sharply from previous cycle highs.

In its latest findings, CryptoRank revealed that the number of unique investors participating in crypto funding activity declined to 651 during the second quarter of 2026, down significantly from the record high of 2,564 investors recorded in 2022.

Crypto Funding Boom Is Fading

According to the data, the only period with lower participation was in 2020, when the quarterly number of active…