Crypto venture capitalists are dialing back their risk appetite. Gone are the days of “Ethereum killer” bets—VCs now focus on real adoption, usage metrics, and revenue pipelines before writing checks. Market fragmentation and oversaturated layer 1s are forcing a new era of discipline.
This shift marks crypto’s transition from experimentation to execution.
VCs want proof that projects can generate steady cash flow, not just hype cycles or token pumps.
Layer 1 fatigue is real — investors now demand measurable traction and differentiated value.
Only teams solving tangible problems will attract serious funding in this new disciplined era.