CryptoRank.io

a16z Crypto is now @a16zfrontier The fund is expanding beyond crypto into AI, robotics, biotech and other frontier tech. Here are the biggest projects in its portfolio by funds raised: @Kalshi - $2.5B (3 rounds) @ForteProtocol - $725M @yugalabs - $450M @CantonNetwork - $365M @Anchorage - $350M @solana - $314M @dapperlabs - $305M @SuiNetwork - $300M @CoinSwitch - $260M @Alchemy - $250M

📈 Share of Mega-Rounds in Crypto Fundraising Hit 17% Mega-rounds have grown massively over the past two years. Their share of crypto deals count is up roughly 5x since 2023. At the same time, small rounds have lost ground. Deals under $3M made up more than 40% of the market in 2023. Today, their share is down to around 25%. Capital is shifting toward larger raises.

Crypto Fundraising Recap: Q2 2026 Our research team analyzed key data from the previous quarter on the state of crypto fundraising. Key findings: • Venture capital was the largest channel at $4.99B. • Debt financing reached $4.36B from only 9 transactions. • Acquisitions broadened while shrinking in value, falling to $3.33B from $4.51B a year earlier but spreading across 40 transactions instead of 6. 👇 Explore the full recap: cryptorank.io/insights/repor…

⚡️ Recent Funding Rounds for Projects With Live Tokens Fundraising doesn’t stop at TGE — these projects with live tokens have secured new capital investments in recent weeks: @AskVenice — $65.0M @ADIChain_ — $50.0M @ant_fun_trade — $5.0M @useKled — $3.0M @re — TBD Venice AI led with $65M — yet its token down 18.8% since the round.

📊 May Sees Biggest Crypto Capital Inflow Since Oct 2025 May 2026 saw a decisive reversal in the spring slowdown, with $3.52B raised across 83 VC rounds — up 408% MoM and the highest total since October 2025. Mega-rounds drove the surge, including @Kalshi $1.2B and @arc $222M, signaling renewed conviction despite round counts still below late-2025 peaks.

📈 April 2026 Crypto Fundraising Report – VC funding hit a 12-month low: -45% MoM from March – Investor activity at 25-month low – M&A dominated capital — nearly half of total – Exchanges and Payments led funding Dive into the full report 👇:

⚡️Notable Funding Rounds of the Past Week: @bitnomial - $550M @Payward - $200M @DriftProtocol - $148M @slashapp - $100M @ZenGo - $70M @getspektr - $20M @paxoslabs - $12M $1.1B+ raised in top 7 rounds this week. Kraken buys Bitnomial ($550M), Deutsche Börse invests $200M in Payward, Tether funds Drift's $148M recovery.

Curious about the data source here — are angel investors included, or only funds/VCs? We built a very similar chart in just a few minutes using MCP + @CryptoRank_io data. Jan 2026 - 273 Feb 2026 - 220 Mar 2026 - 377 Monthly Unique Investors – Last 36 months👇

📊 Top 10 biggest drops from last-round valuations @Scroll_ZKP -99.54% @bobanetwork -99.26% @fuel_network -99.25% @PolyhedraZK -99% @Starknet -97.5% @wormhole -97% @MagicEden -96.7% @HashKeyGroup -96.46% @MOCAFoundation -90.23% @immutable -88.23% These projects have fallen from billion-dollar valuations to nearly zero — a striking example of near-total value destruction. Even backing from Tier-1 VCs like @Paradigm , @sequoia , @cbventures, and @Multicoin wasn’t enough to protect post-TGE performance. 👉cryptorank.io/funding-rounds

📊Top 10 ecosystems by VC/fund capital raised $1.46B in disclosed raises flowed across 17 ecosystems: @0xPolygon — $611.5M @Plumenetwork — $288.2M @Ethereum — $164.7M @Solana — $164.2M @Base — $64.6M @BNBCHAIN — $33.0M @SonicLabs — $25.5M @Bitcoin — $25.2M @HyperliquidX — $21.2M Cross-Chain — $20.5M Main takeaway: #RWA and debt financing dominated Q1, while institutional convergence kept accelerating

Live AI Project Airdrop Campaigns From the Biggest Fundraisers AI continues to dominate as the leading global narrative, and the capital is following. Crypto-native AI projects alone have raised ~$150M YTD. Nearly 28% of all VC funding is now concentrated in this sector, with even bigger numbers flowing in from TradFi. Here are airdrop plays you can get in on right now 👇

🔥JUST IN: Hyperliquid launches the Hyperliquid Policy Center, led by Jake Chervinsky, seeded with $28M in $HYPE from the Hyperliquid Foundation.

What Investors are Most Favorable for Retail? Using retail ROI data from CryptoRank, we compiled a ranking of VCs and corporations with the highest average ROI for retail investors who buy after private rounds. Here are the ones who are less likely to dump on you the second you ape in: 🥇 HongShan - 122x 🥈 @strobefund - 51x 🥉 @Rockaway_X - 49x 4. Blockchange Ventures - 42x 5. @Consensys - 41x Note that even though @a16zcrypto isn’t ranked that high here, it’s still one of the most active VCs by deal count in this selection and still delivers solid average ROI for retail. Use this data next time you invest as an additional signal, but never rely solely on a project’s backers.

2025 Crypto Fundraising Recap is out VC money is back in Web3, but the rules of the game have changed. In 2025, total capital deployed nearly returned to 2022 levels, yet deal count dropped sharply. The era of spray-and-pray is over. Investors now focus on revenue, unit economics, and proven product–market fit, while trust-based fundraising models continue to fade. In this recap, we break down: - Why fewer deals now absorb more capital - Why 88% of tokens trade below TGE - How IDOs lost relevance — and what still works - The Web3 niches that consistently attract VC money - Why CeFi and late-stage projects dominate - What founders must prioritize heading into 2026 If you want to understand how crypto fundraising actually works today, read our yearly recap👇

2025 Crypto Fundraising Recap: cryptorank.io/insights/repor…

MetaDAO Launches Deliver the Highest Average ROI @MetaDAOProject has recently gained traction and become one of the most popular launchpads in the market, thanks to its new fundraising model, which includes elements of futarchy and STAMP. With a focus on Internet Capital Markets, MetaDAO launches don’t deliver 100x returns, but they do deliver a stable average of 4-5x. Moreover, interest in its launches appears strong, with average commitments of around $50M. However, the last two launches have delivered negative ROI and are now trading slightly below breakeven, with one of them reaching an ATH ROI of just 0.99x. What are your thoughts on MetaDAO’s attempt to bring ownership to crypto?

2025 Fundraising Was Higher Than 2023-2024 Combined Even though 2025 saw far fewer deals than 2024 or early 2023, it still managed to outperform those two years combined, reaching almost $35B. In prior years, you could often track where the market was heading by the frequency of venture deals across sectors. Now the signal is different. There are fewer rounds in major narratives, but a smaller group of funds is writing bigger checks into category leaders. This view is supported by examples like @Kalshi and @Polymarket, which lead the prediction markets narrative, raising $1B and $2B, respectively. At the same time, attention is shifting to projects with real revenue and clear business execution, not complex tech with unclear monetization models. With this in mind, going into 2026 the focus should stay on a smaller set of projects that lead their narratives on measurable metrics, backed by fewer but larger VC rounds.

Only 12% of 2025 Token Sales Are Still Profitable In 2025, 533 public token sales took place. Some managed to raise millions in seconds, but only 63 tokens are still trading above their sale price. The biggest sale, $PUMP, raised $600M. It delivered 2.19x at ATH, but now trades below the IDO price, with ROI around 0.48x. Even though $PUMP led the narrative and captured massive attention, the retroactive EV looks weak. The same applies to $MON (current ROI 0.93x) and $XPL (0.47x). However, 58% of sales still delivered a solid 3–6x pop on decent size allocations right at the start of trading, but not in the long term. The most profitable sale for investors in 2025 was $MYX, with ATH ROI at 2103x, and it is still trading around 385x above the sale price today. Overall, weak market conditions and shrinking attention spans turned token-sale investing into hard mode this year, pushing participants toward shorter holding periods and faster profit-taking. Did you profit from token sales this year?

IDO and Fundraising Activity in the Past 12 Months In 2025, fundraising matured, liquidity fragmented, and the deal count fell vs 2024, but VCs concentrated into narrative leaders with bigger checks. In total, VCs invested about $68B. Most notable rounds: • Dunamu - $10.3B • @DeribitOfficial - $2.9B • @Polymarket - $2B • @binance - $2B ICOs followed the same pattern, with demand concentrated in top projects. In 2025, public token sales raised about $2.3B, led by: • @Pumpfun - $600M • @worldlibertyfi - $550M • @monad - $217M What was your biggest fundraising highlight in 2025?