@tommmy

The halo of the top institutions and top bosses in the cryptocurrency circle has been broken Chainplay and Strorillible's survey data shows that nearly 45% of VC-backed crypto projects have ceased operations, while 77% of projects have less than $1,000 in monthly revenue. The study covered 1,181 projects that received funding between January 1, 2023 and December 31, 2024. Among the top venture capital firms, Polychain Capital has the highest failure rate of projects, with 44% of projects having ceased operations and 76% failing to generate significant revenue. Other top venture capital firms such as Yzi Labs (72%), Circle (38%), Delphi Ventures (33%) and Consensys (30%) also face a high proportion of project failures.

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