As of 2026, the global cryptocurrency venture capital (VC) market is expected to undergo a structural shift, with the number of transactions significantly decreasing despite an increase in investment compared to the previous year (2025).
According to industry data, total cryptocurrency VC investment in 2025 is projected to reach approximately $18.9 billion, an increase from 2024. However, the number of investment deals during the same period decreased to approximately 1,200, a significant decrease from the previous year.
A shift in the investment structure is also being detected. Funding is increasingly focused on later-stage companies with proven business viability and financial structure, rather than early-stage startups. Digital asset-related companies operating large assets or focusing on financial strategies are believed to have accounted for a significant portion of VC funding.
This trend demonstrates that amidst persistent market uncertainty, investors are shifting to strategies that prioritize risk management and return visibility. While early-stage investments are shrinking, capital is increasingly flowing into companies perceived as relatively stable.
Market analysts predict that investment flows may change in response to future changes in the macroeconomic and institutional environment. However, analysis suggests that the cryptocurrency VC market currently exhibits structural characteristics of increasing investment volume, decreasing transaction volume, and concentrated funds.
