Prop firm crypto payouts hit $115M in Q1 2026, but growth stalls after December peak

Tracked crypto payouts from prop firms doubled year-over-year to $115.1M in Q1 2026, up from $55.3M in Q1 2025. However, the figure flatlined versus Q4 2025's $115.2M, signaling momentum loss. Two firms accounted for 70% of tracked payouts. The plateau suggests the crypto prop boom may be cooling despite strong annual growth.