Svmuu News: Data shows that despite the ongoing slump in the crypto market, Coinbase Ventures still topped the crypto venture capital rankings with 30 investments completed in the first half of 2026.
Close behind is Animoca Brands, which completed 19 investments; Andreessen Horowitz (a16z) completed 18 investments; and stablecoin issuer Tether participated in 15 deals.
Over the past 12 months, Coinbase Ventures has completed a cumulative total of 75 investments, continuing to lead the industry; Animoca Brands, YZi Labs, GSR, and a16z have completed 40, 39, 31, and 30 investments, respectively.
However, the crypto funding market as a whole remains in a bear market cycle. In June, total funding for crypto companies fell to $1.4 billion, a 63% decline from $3.8 billion in April; the number of funding rounds also decreased from 89 in May to 61.By comparison, funding in April of this year totaled just $698 million, marking a two-year low.
So far in July, the crypto industry has completed 12 funding rounds, totaling approximately $456 million.
In terms of investment focus, Coinbase Ventures has primarily targeted payment protocols, DeFi, and infrastructure over the past six months, participating in 7 funding rounds for payment projects, 4 for DeFi, and 3 for infrastructure and real-world asset (RWA) tokenization projects.
By sector, the areas most favored by investors over the past year were, in order, DeFi, payments, and AI. Specifically, DeFi projects completed 216 funding rounds, the payments sector completed 131 rounds, and projects combining AI with crypto completed 128 rounds;infrastructure projects secured 110 funding rounds.
It is worth noting that while leading institutions remain active, the number of market participants is declining. By June, the number of independent investment firms had dropped to 242, nearly halving from 452 in October 2025, reflecting a trend toward capital concentration amid the bear market. (Cointelegraph)