July 3 (Cointime) - Venture capital investments in cryptocurrency companies have dropped by over 70% in the past year, according to data from RootData. June 2022 saw $1.81bn invested in 149 rounds, while this year only 83 projects received $520m, the lowest funded month to date.

The infrastructure category received the most funding last month, with $213m invested in 26 projects. The US received the most funding, with 34% of the total, while Coinbase Ventures was the most active VC, participating in 71 rounds in the past year.