Venture Capital Shifts Focus in Crypto Investments
DefiLlama’s latest funding data—highlighted by crypto analyst @pgreyy—shows a clear shift in where venture capital money is flowing in the crypto industry.
Over the past three months, 73 projects raised more than $10 million, but interest in Layer-1 blockchains has dropped sharply. In fact, only one L1 made the list: Tempo, a payment-focused chain.
Where VCs Are Putting Their Money Now
Venture firms are concentrating on five main sectors:
Prediction markets
Payment systems, including crypto-native banking services
Real-World Assets (RWA)
Infrastructure tied to mainstream users or RWA
Decentralized Finance (DeFi)
What About AI?
Only two AI-related crypto companies hit the $10M+ mark in the last three months. If we expand beyond the strict time window, the number grows to nine, but the recent slowdown is notable.
