Announcements Gate Research: May Crypto Market Review

Gate Research: May Crypto Market Review

2025-06-10 10:47:31 UTC 75316 Read

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Gate Research has released its latest report, "<a href="https://www.gate.com/learn/articles/gate-research-may-crypto-market-review/9451" target="_blank">Gate Research: May Crypto Market Review</a>", which provides a comprehensive summary and analysis of market trends, on-chain data, hot topics, security incidents, funding activity, and upcoming events in the cryptocurrency space. This report offers in-depth insights into the overall performance of the crypto market and key industry trends.

**Key Takeaways:**
- Market Performance: In May, the total market capitalization of cryptocurrencies exhibited a high-level consolidation trend, continuing the upward momentum from late April driven by eased tariff policies, maintaining a strong overall upward trend. Boosted by the positive impact of the U.S. stablecoin bill "GENIUS" passed, the total crypto market cap reached a periodic high before the bill's approval. As the positive policy effects gradually faded, the market cap experienced a mild correction.
-  On-Chain Data: Regarding public blockchain data, Solana continued to lead with an average of nearly 100 million daily transactions, solidifying its dominance in high-frequency applications. Base saw a strong performance with transaction volume surpassing 10 million in mid-May. Ethereum maintained high per-transaction value, with stable gas revenue.
-  Hot Topics: Virtuals saw explosive growth in on-chain activity in May, with daily active addresses surging over 160% month-on-month, exceeding 8,000 and hitting a historical high. The growth was primarily driven by new protocol launches, Web3 gaming, community incentives, airdrop expectations, and active cross-chain arbitrage activities.
-  Funding Information: In May, the Web3 industry completed 122 funding rounds, totaling $1.92 billion, a 35% decrease month-on-month. Among these, the CeFi sector and blockchain services were the most active, securing $1.29 billion and $274 million in funding, respectively.
-  Security Incidents: Total disclosed losses from security incidents amounted to approximately $257 million, with over 80% of incidents caused by account hacks and contract vulnerabilities.
-  Upcoming Events: On June 20, 2025, ZRO will unlock 23.13% of its tokens, valued at over $50 million, expected to significantly impact the market. Additionally, major projects such as FTN, APT, and ENA will also unlock tokens worth over $50 million each, warranting close attention.

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="https://gimg.gateimg.com/learn/Gate%20Research%EF%BC%9A2025%20May%20Crypto%20Market%20Review.pdf" target="_blank" style="text-decoration: none !important;display: inline-block;"><div class="gateactivity-btn-style" style="width: 240px;height: 40px;box-sizing: border-box;padding: unset;border-radius: 99px;display: inline-flex;align-items: center;justify-content: center;background: #3377FF;cursor: pointer;"><strong><span style="color:#fff; text-decoration: none;">Download the Full Report (PDF)</span></strong></div></a></div>

<a href="https://www.gate.com/learn/category/research" target="_blank">Gate Research</a> is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

**Disclaimer** 
 Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. <a href="http://gate.com/" target="_blank">Gate</a> is not responsible for any losses or damages arising from such decisions.

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Gate Team
Jun 10th, 2025
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