Crypto venture capital shrank in January, but funds are still flowing in.

According to a report by Bijie Network: In January 2026, the total amount of cryptocurrency venture capital increased by 61% month-on-month, reaching $14.57 billions. Despite a 15% decrease in the number of publicly disclosed deals to 52, this highlights a trend of capital flowing into fewer but larger projects. Major deals included BitGo’s US listing with $213 million in financing; Fireblocks’ $130 million acquisition of TRES Finance; and a $150 million financing agreement between Ripple and LMAX Group to support the integration of the RLUSD stablecoin. Capital is shifting towards institutional-grade infrastructure, with significant funds also flowing into DeFi projects such as Flying Tulip and payment network Mesh. Additionally, a notable $36 million SOL-backed Upexi convertible bond deal was recorded.