In May, the cryptocurrency market witnessed a significant influx of investments, totaling $1 billion, with Ethereum and EVM-focused platforms emerging as the preferred choices among institutional investors. According to a report by KuCoin Research, this figure represents a slight decrease from April but a notable increase from May 2023.

The report highlighted that over 50% of the projects received financing between $1 million and $10 million, with Ethereum, EVM chains, and layer-2 networks like Arbitrum and Polygon leading the pack. Solana, Bitcoin, Fantom, and TON also attracted significant institutional investment.

Major Chinese institutions, such as Animoca and OKX, were highly active, investing in emerging technologies and public chain networks. The report also noted a shift in investor focus towards memes, celebrity tokens, emerging narratives, and low market cap assets.

The legal and operational landscape of the crypto market has undergone significant changes due to recent regulatory developments in the United States, influencing investor strategies and decisions. Despite this, the report indicates ongoing capital interest and developmental potential in the industry.

In summary, the cryptocurrency market saw a substantial investment of $1 billion in May, with Ethereum and EVM-focused platforms dominating the landscape. Institutional investors continue to show interest in emerging technologies and public chain networks, while regulatory developments shape the legal and operational landscape of the industry.