According to CryptoRank, the overall cryptocurrency venture capital market has been operating at a low level since 2025, but Coinbase Ventures、Animoca Brands、Andreessen Horowitz(a16z crypto)、Tether Top institutions are still active in their layout, with Coinbase Ventures participating in about 33 transactions, Animoca Brands participating in about 19 transactions, and a16z crypto participating in about 18 transactions.