DeFi Lending Attracts VC Backing Despite Sharp Drop in Crypto Fundraising

A report from venture capital research firm Ana.vc has indicated a significant 57% drop in cryptocurrency funding from venture capitalists during the month of April.

However, the decentralized lending sector seems to be thriving, having raised 150% of the total amount it garnered in March.

Despite the overall downturn in investment, this growth in decentralized finance (DeFi) lending highlights a sector that continues to attract substantial interest and backing from investors.