Crypto Project Valuations Plummet by Over 90% in 2026 Despite VC Rebound

Investors are facing significant losses as ten VC-backed crypto projects plummet in value.

A recent analysis by CryptoRank shows that these projects have dropped from their billion-dollar valuations to significantly lower market caps. According to data, the current market caps of these projects range from $7 million to $294 million, indicating a substantial decline.

Notably, four out of ten hardest-hit projects belong to the zero-knowledge proof and Layer 2 sector. These include Scroll (SCR), Boba Network, Fuel Network, and Polyhedra. Starknet recorded the largest absolute loss on the list.