Crypto Venture Capital Drops 74% in April 2026, On-Chain Derivatives Surge in May

According to PANews, the crypto venture capital sector experienced a significant decline of 74% in April 2026. However, May saw a notable surge in on-chain derivatives activity. Three major protocols, PopDEX, Variational, and Liquid, collectively secured nearly $100 million in funding, marking the beginning of a new phase for Perp DEX.