KuCoin Research reports that May saw over $1 billion in crypto investments, driven by the launch of Notcoin, which had all its tokens circulating at the start.
According to KuCoin’s research arm, the crypto sector received $1.02 billion in investments in May, marking a slight decrease from the previous month but a 10.61% increase compared to May 2023.
On June 13, KuCoin Research revealed that 156 investment deals were disclosed publicly in May, reflecting a vibrant investment landscape despite the slight month-on-month decline.
Ethereum and EVM Blockchains Dominate
Ethereum, Ethereum Virtual Machine (EVM) chains, and layer-2 (L2) networks continued to attract significant interest from institutional investors. Notably, non-EVM chains such as Bitcoin, Solana, Fantom, and TON also ranked among the top 15 most popular networks for investors in May.
Leading Investors
Animoca Brands and OKX Ventures were the most active investors in May. Animoca Brands participated in 15 deals, while OKX Ventures invested in 11 projects. Other notable investors included Cogitent Ventures, SNZ Holding, and DWF Labs, with 10, 8, and 7 deals, respectively.
Summary Review: The crypto investment landscape remains robust, with over $1 billion flowing into the space in May, driven by key players and new launches like Notcoin. Despite slight fluctuations, the continued interest in Ethereum and other blockchain projects highlights the ongoing confidence in the sector.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
