Crypto VC Investments Surge in May, Blockchain Infrastructure Leads the Market

06/20 16:35

June 20 (Huobi) - Despite the declining economic backdrop, crypto venture capital investments increased for the second consecutive month in May. According to Cointelegraph Research's Venture Capital Database, funding amounts rose by 34% from April, and the number of individual deals increased by 62%. The US Federal Reserve's decision to pause interest rate hikes on June 14th may be a bullish signal for financial markets, including the crypto market. Blockchain infrastructure remains the top sector for capital inflows, with Web3 leading in the number of deals conducted.
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