M&A market showing clear structural shift in H1 2026:
87 deals announced (-25% vs H2 2025)
Disclosed transaction value hit ATH
The divergence is loud: big players still stacking major acquisitions while smaller buyers went quiet. This isn't a slowdown—it's consolidation. Whales eating, minnows watching.
Bullish for established protocols with strong fundamentals. Bearish for mid-tier projects hoping for exit liquidity through M&A.
87 deals announced (-25% vs H2 2025)
Disclosed transaction value hit ATH
The divergence is loud: big players still stacking major acquisitions while smaller buyers went quiet. This isn't a slowdown—it's consolidation. Whales eating, minnows watching.
Bullish for established protocols with strong fundamentals. Bearish for mid-tier projects hoping for exit liquidity through M&A.