Cryptocurrency Investment Trends in May

KuCoin exchange's research division published a study on cryptocurrency performance in May, revealing $1 billion in new investments, slightly lower than April. The report emphasized that institutional investors favored Ethereum and EVM-based platforms during this period. In May, the crypto sector witnessed 156 investment disclosures totaling $1.02 billion, a 6.4% decrease from April. However, compared to May 2023, investments increased by 10.61%. Ethereum, EVM chains, and L2 networks like Arbitrum and Polygon were popular among institutional investors. Chinese institutions like Animoca and OKX were actively investing in emerging technologies. Modularity, Layer 2 Solutions, and Liquid Staking Derivatives were key interests. The report noted a shift towards memes, celebrity tokens, and low market cap assets, with Notcoin gaining traction. Regulatory changes in the US have also impacted the crypto market landscape, influencing investor strategies and decisions. Read more AI-generated news on: https://app.chaingpt.org/news