Woofun AI reports that Coinbase Ventures dominated the first half of 2026 crypto venture capital landscape with 30 completed deals, surpassing competitors Animoca Brands, a16z, and Tether, according to rankings by CryptoRank.

The broader market context reveals a sharp contraction in deal volume and value over the trailing twelve months. While Coinbase Ventures executed a peer-leading 75 deals, Animoca Brands followed with 40, YZi Labs (formerly Binance Labs) with 39, GSR with 31, and a16z with 30. This activity persisted despite a severe downturn where total fundraising plummeted to $1.4 billion in June, marking a 63% decline from the $3.8 billion raised in April. Deal counts mirrored this drop, falling to 61 rounds in June from 89 in May.

However, June represented a slight recovery from April’s two-year low of $698 million across 71 rounds. Early July data shows $456 million raised across 12 funding rounds.

Woofun AI data shows Coinbase Ventures allocated capital across seven payment protocol rounds, four DeFi projects, and three infrastructure or real-world asset tokenization initiatives during the six-month period. Sector-wide, unique investors shrank to 242 in June, down from 452 in October 2025. Over the past year, DeFi, payments, and AI-crypto sectors attracted the majority of capital. DeFi protocols recorded 216 fundraising rounds, payments startups logged 131, and AI-crypto companies raised 128 rounds. Infrastructure providers secured 110 rounds, while all other sectors saw fewer than 100 investment rounds.

Geographically, US-based VCs deployed $5.8 billion and Australia-based VCs contributed $3.6 billion over the last six months. More than $11.6 billion was invested from undisclosed locations, highlighting the opaque nature of current capital flows.