Crypto funding up 50% in 12 months as fewer, larger deals dominate

Cryptocurrency funding has increased by 50% over the past 12 months, but the growth is driven by fewer, larger deals rather than broad market participation. Messari's Eric Turner highlighted that major crypto VCs haven't closed new funding rounds recently except for Dragonfly, indicating the industry needs fresh capital injection.

• →Crypto funding rose 50% in 12 months through concentration in larger deals rather than volume increase.
• →Most major crypto venture capital firms have not closed new funding rounds recently.
• →Dragonfly is noted as an exception among major crypto VCs that recently closed a funding round.
• →Industry analysts suggest the crypto sector requires fresh capital influx for continued growth.
• →The funding pattern shows market consolidation with fewer but more substantial investment deals.