Crypto venture capital funding plummeted to $659 million in April, marking a 74% decline from March's $2.6 billion, according to CryptoRank data. This represents the lowest monthly level since July 2024. The year-to-date total for crypto project funding stands at $5.64 billion. April saw the highest number of funding rounds in the DeFi sector with 12 deals, followed by blockchain services and AI-related crypto projects, each with 8 deals. GSR emerged as the most active investor, participating in four investments during the month.