May Crypto Investment Report
According to data gathered by WuBlockchain, the investments made in May showed a decrease of 8.9% compared to April. A total of 153 crypto projects received funding during the month, marking a significant 43% increase from the 107 projects funded in the same period last year. The sectors that attracted the most substantial investments in the crypto space were DeFi, NFT/GameFi, L1/L2, RWA/DePIN, Tool/Wallet, and AI.
Distribution of Investments:
- DeFi: 23.5%
- NFT/GameFi: 17.6%
- L1/L2: 11.8%
- RWA/DePIN: 11.1%
- Tool/Wallet: 5.9%
- AI: 3.3%
DeFi and NFT/GameFi projects emerged as the top contenders for investment, with the total investment amounting to $990 million. While April saw the crypto industry surpass the $1 billion mark, May recorded a slightly lower figure of $780 million.
Projects That Attracted Investment:
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Farcaster: The SocialFi platform secured the highest investment, totaling $150 million from well-known entities such as a16z, Haun, USV, Variant, and Standard Crypto. This funding boosted the project's valuation close to $1 billion.
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Bitdeer: Through a subscription agreement with Tether, Bitdeer gained access to $150 million in capital. The funding structure included $100 million from stock issuance and an additional $50 million subject to specific conditions.
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Babylon: This Bitcoin-focused staking platform raised $70 million in its latest financing round, showcasing significant growth potential.
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Securitize: Notably, the RWA company Securitize secured a $47 million investment led by BlackRock, with support from Hamilton Lane, ParaFi Capital, Tradeweb Markets, and other firms.
In addition to the mentioned projects, Polymarket, Humanity Protocol, Arbelos, DePIN, Lagrange, and Chainge Finance also attracted investments ranging between $13 million and $45 million.
The crypto investment landscape in May highlighted the growing interest in DeFi and NFT/GameFi projects, with several key players securing substantial funding, driving innovation and expansion in the sector.
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