The cryptocurrency market secured approximately $2.21 billion in funding across 62 events in May 2026, according to RootData. DeFi led the sector with 26 funding rounds, focusing on stablecoins, liquidity protocols, and yield strategies. Infrastructure followed with 18 events, emphasizing foundational technologies and on-chain scalability. CeFi, while having fewer rounds, led in total funding, driven by strategic investments. Top funded projects included Dunamu ($667 million), Reap ($600 million), and Arc ($222 million), collectively raising over $1.9 billion. Significant investments were also made in Kalshi and Elliptic. The funding landscape indicates a strategic shift towards infrastructure and institutional services, with active participation from investors like Kraken and Sequoia Capital.