The crypto primary market saw approximately $860 million in disclosed fundraising in April 2026 across 55 deals, with centralized finance (CeFi) dominating capital flows.CeFi, infrastructure, and DeFi led sector allocations with roughly $606 million, $105 million, and $90 million raised, respectively, while prediction markets and AI projects drew a growing number of early‑stage checks.Two exchanges, Vietnamese CEX CAEX and global giant Kraken, accounted for about $580 million, or 67% of the month’s total, underscoring extreme capital concentration at the top.