The platform’s experts noted an 11% decrease in deal value and a 12.2% decrease in the total number of deals compared to the previous quarter.
In addition, analysts recorded the lowest level of investment in cryptocurrencies since 2020.
The authors of the report insist: despite the possible continuation of the decline, industry participants see some positive prospects in front of them.
For example, Blockstream was able to raise $125 million in funding for bitcoin mining infrastructure.
Taurus raised $65 million in a funding round led by the nation’s second-largest bank, Credit Suisse.
In its latest weekly review, CoinShares reported that between May 8 and 12, $54 million in assets were withdrawn from cryptocurrency investment products for institutional investors.
The record capital outflow was recorded in March – in just one week, investors withdrew $255 million.