Crypto investment deals fall by half as average size surges

The number of investment deals in the cryptocurrency market has dropped by half compared to the previous year, but the average deal size has grown, Cointelegraph reported, citing a Messari report. According to the report, the average funding round in the crypto market over the past year was $34 million, a 272% increase year-over-year. Last month, three deals alone accounted for 44% of the total $795 million invested. The report also noted that major venture capital firms, with the exception of Dragonfly Capital, have not been making new investments, and the industry is in urgent need of fresh capital. Some investors are reportedly turning their attention to the AI sector.