POPA ReconWe analyzed crypto M&A activity in H1 2026: the market is becoming more concentrated
We analyzed crypto M&A activity in H1 2026: the market is becoming more concentrated Deal count fell 25% to 87, while disclosed transaction value surged 223% to a record $9.66B. But the headline growth was driven by just a few mega-deals: the four largest accounted for 76% of disclosed value, while the median disclosed deal remained at $100M. At the same time, infrastructure stayed the largest acquisition target, DeFi activity slowed sharply, and repeat buyers such as MoonPay, Kraken, and GSR continued to consolidate capabilities across payments, market infrastructure, and data. 👉 Read Th…
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