The number of active investors in the space fell 34.5% to 3,225 over the same period.
Crypto News
Crypto fundraising has risen nearly 50% year-over-year between March 2025 and March 2026, even as the number of individual deals has dropped 46%, according to data from Messari. The figures point to a market where capital is concentrating in fewer, larger rounds rather than spreading across early-stage activity.
The average deal size climbed to $34 million over the past 12 months, a 272% increase from the year prior, Messari data shows. The number of active investors in the space fell 34.5% to 3,225 over the same period.
“Capital concentration is heavily skewed by late-stage and strategic mega-rounds,” Messari said. In February alone, three…
