Capital in the crypto market is undergoing a paradigm shift, concentrating into specific sectors and companies. Tiger Research and RootData examined this shift in capital markets using data on 9,416 investment deals recorded from 2018 through the first half of 2026. Key Takeaways Capital inflows in the first half of 2026 reached $13.3 billion, already comparable to the $13.2 billion recorded for all of 2024, even as the number of funding rounds fell to just 435, a 78% decline from the 2022 peak of 1,978.