Recent data from Bitcoin.com highlights a challenging landscape for venture capital-backed crypto projects, revealing that nearly 45% have discontinued operations. The comprehensive analysis, spanning 1,181 projects funded between January 2023 and December 2024, underscores that 77% of these initiatives generate less than $1,000 in monthly revenue, signaling widespread financial underperformance. Among leading investors, Polychain Capital exhibited the highest project attrition rate at 44%, with 76% of its portfolio failing to achieve meaningful revenue benchmarks. Other prominent firms such as Yzi Labs, Circle, Delphi Ventures, and Consensys also reported significant failure rates, ranging from 30% to 72%. The study further emphasizes the correlation between funding size and project viability, noting that ventures receiving upwards of $50 million demonstrate markedly improved survival rates, whereas over one-third of projects with less than $5 million in capital ultimately cease operations. This data provides critical insights into the risk dynamics within the crypto venture ecosystem.