Crypto VC participants in July fall to lowest since November 2020

As of July 28, 150 venture capital firms had participated in cryptocurrency investment rounds this month, the lowest monthly figure since November 2020, according to crypto market data platform CryptoRank. That was also well below the peak of 1,177 firms recorded in May 2022. CryptoRank said the trend suggests crypto VC investment is becoming concentrated among a smaller number of funds, while investors are applying stricter screening standards to projects.