VC investment into crypto startups peaked right before everything went to hell

The first quarter was a hot time for crypto-focused startups. According to a recent dataset from CB Insights, crypto startups raised more capital than ever before in Q1 2022 and set records across a host of other metrics.
If you closely watched the first-quarter venture capital cycle, this should not come as a surprise. As The Exchange noted, the crypto startup economy — blockchain technology upstarts, trading platforms, web3 more generally, etc. — was busy partying while the rest of startup land was buckling under a falling stock market, limited exit opportunities, and a dramatic

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