According to Foresight News, data from The Block showed that blockchain venture capital soared 32% in May to more than $1.3 billion, and the number of investments increased by 11%, totaling 293. Bitcoin and Solana have seen a large amount of investment activity, and trading activity has surged in the past six months.

The blockchain industry is expected to see growth in funding in the second quarter, with $3.5 billion invested across 834 deals, marking the third consecutive quarter of increased funding and deal activity.