Crypto Funding Surges to $3.5 Billion in May, Up 408% Month-Over-Month

According to Invezz, crypto funding soared to $3.5 billion in May, up 408% from April's roughly $690 million, driven by mega-rounds in prediction markets and South Korean exchanges.

Prediction market platform Kalshi led the surge with a $1 billion Series F round, valuing the company at approximately $22 billion. Separately, Dunamu, operator of South Korea's largest crypto exchange Upbit, secured over $1 billion in investments from Samsung affiliates and Hana Bank, with the latter acquiring a roughly $670 million stake that valued Dunamu at around $10.2 billion. Combined monthly trading volume across Kalshi and Polymarket reached around $24 billion in April 2026.