May Sees $1B in Crypto Investments, Slightly Down from Previous Month: KuCoin
The cryptocurrency space attracted over $1 billion in investments during the month of May, representing a slight decrease compared to the previous month’s figures.
According to a report published by KuCoin’s research arm, there were 156 publicly disclosed investments in May, with a total investment capital of $1.02 billion flowing into the crypto space.
Although this marked a 10.61% increase compared to May 2023, it also indicated a 6.4% decline when compared to the month of April.
Among institutional investors, Ethereum, Ethereum Virtual Machine (EVM) chains, and layer-2 (L2) network projects remained popular choices for investment.
However, non-EVM chains such as Bitcoin, Solana, Fantom, and TON also ranked among the top 15 networks favored by investors in May.
The report highlighted that Animoca Brands and OKX Ventures were the most active investors during the month.
Animoca Brands engaged in 15 deals, while OKX Ventures invested in 11 projects.
Other active investors included Cogitent Ventures, SNZ Holding, and DWF Labs, with 10, 8, and 7 deals respectively.
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