The current pace of launching new cryptocurrency funds is far lower than during the peak period of 2017

ChainCatcher news, according to Crypto Fund Research data, the current pace of new cryptocurrency fund launches is far below the peak period of 2017, when approximately 73 new funds were launched each quarter, more than double the total number of crypto funds that year.

Moreover, fundraising for new funds is not as easy as it used to be. In terms of venture capital, the fundraising scale for new funds is often smaller than in 2021 and 2022, as there are fewer new investors entering the field. According to VisionTrack data, in the first quarter, only $2.62 billion was invested in 631 venture capital deals. This is down from $2.9 billion invested in 781 deals during the same period last year, and is just a small fraction of the $7.2 billion invested in 817 deals in the first quarter of 2021.