Quick TakeThe Block Research analyzed a total of 423 blockchain-related investment deals that occurred during Q3′ 21 to identify which crypto funds were the most activeCompared to last quarter, the frequency of deal flow activity by the most active investors dropped considerably, from an average of 40 investments in Q2 to 22 in Q3Although DeFi funding and the number of deals declined in Q3, the vertical still made up roughly 42% of the most active investor’s investments