October 12, 2021, 6:03PM EDT
• 5 min read

Quick Take
- The Block Research analyzed a total of 423 blockchain-related investment deals that occurred during Q3′ 21 to identify which crypto funds were the most active
- Compared to last quarter, the frequency of deal flow activity by the most active investors dropped considerably, from an average of 40 investments in Q2 to 22 in Q3
- Although DeFi funding and the number of deals declined in Q3, the vertical still made up roughly 42% of the most active investor’s investments
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