A written report published by venture majuscule enquiry business firm, Ana.vc, has revealed a 57% pass up in crypto funding from VCs over the month of April.

Despite the decline in overall investment, the decentralized lending sector appears to yet be flourishing — raising 150% of its March full.

Crypto fundraising plummets during April

The report excludes Bakkt's raise, identifying 32 disclosed deals valued at nearly $50 million in total, downward from $117 million last calendar month.

"Crypto wintertime isn't over and is not entirely immune to macro economic trends as [the] majority of the deals are done in disinterestedness," the written report asserts.

Ava.vc found that decentralized finance and fintech, or DeFi, continues to dominate overall funding, garnering almost 40% of the monthly total raised by the crypto sector for the second consecutive calendar month.

The second-largest segment of the crypto sector by total enhance was firms building blockchain infrastructure with 12.nine%, followed past enterprise with 9.7%, and marketplace with vi.5%.

Investment activity increases effectually DeFi lending

While most sectors within crypto saw heavy losses in overall fundraising during April, DeFi lending startups saw a 56% increase capital raised — up to $iv.84 one thousand thousand from $three.one million in March.

The proceeds in equity deals despite the total raised beyond the DeFi sector falling virtually 60% from $46.21 one thousand thousand to $19.35 1000000.

Within DeFi, Payment firms were the hardest hit in terms of percent — falling from 82.vi% from $9.24 million in March to $ane.61 million.

However, exchanges saw the largest full drop in fundraising, falling from the largest DeFi segment with $12.34 meg to just three.23% — a driblet of 73.8%.

Despite media hype, blockchain games shut no deals in Apr

About half of the fundraising took place in the United states, with over eighty% of deals endmost in the U.Due south., U.K., and Europe.

The report notes that despite significant hype surrounding blockchain-based gaming platforms from crypto media, no blockchain gaming companies were able to close funding deals during April.