CryptoRank Research analyzed the state of crypto M&A in H1 2026. Buyers announced 87 acquisitions, 25% fewer than in H2 2025, while disclosed value climbed to $9.66 billion, the highest half-year total in the series. Wider disclosure and a handful of mega-deals produced that record, not a market-wide rise in transaction prices.
Crypto M&A did not enter a broad consolidation boom in H1 2026. While there were fewer announced M&A deals than in either half of 2025, the value attached to disclosed transactions reached the highest half-year total.
The target mix also changed. Infrastructure held its position as the largest category, taking 19 of 87 announcements even as its own count fell from 23. DeFi halved as a share of the market, dropping…
