Web3, Blockchain, and Crypto Weekly Update: Major News, Market Trends, and Key Insights

Welcome to your go-to supply for all issues Web3, Blockchain and Crypto! Our Weekly report dives into the freshest updates and game-changing developments within the fast-paced world. We curate one of the best information from trusted sources to maintain you forward of the curve. Prepared to remain knowledgeable and impressed? Let’s discover the most recent traits and insights collectively! 

1. Web3, Blockchain & Crypto Breaking Information This Week

Listed below are the most important breaking information experiences, associated to the Web3, Blockchain and crypto world, reported this week. 

• Client Value Index Rises to three.4% in April; Bitcoin Value Surges to $64k

The Client Value Index elevated by 3.4% over the previous 12 months, exceeding expectations of a 2.9% rise. Parallely, Bitcoin’s worth jumped to $64,000.

• Senate Passes Invoice Overturning SEC’s Crypto Tips

The Senate handed H.J. res, 109 to overturn SEC’s tips on cryptocurrency accounting, probably permitting banks to carry Bitcoin and different digital property. President Biden might veto the invoice, including uncertainty to the regulatory panorama.

• El Salvador Mines Bitcoin Utilizing Volcanic Geothermal Vitality

El Salvador has mined 474 Bitcoins, price $29 million, utilizing geothermal vitality from the Tecapa volcano. The nation’s complete Bitcoin holdings at the moment are 5,750, valued at $354 million, showcasing a inexperienced method to accumulating cryptocurrency.

• Binance Govt Denied Bail in Nigerian Courtroom Case

Justice Emeka Nwite denied bail to Tigran Gambaryan, a Binance government accused of cash laundering and tax violations in Nigeria. The authorized proceedings spotlight the regulatory challenges going through main cryptocurrency corporations.

• Invoice Proposed to Abolish Federal Reserve Amid Inflation

Consultant Thomas Massie launched a invoice to abolish the Federal Reserve, blaming its insurance policies for prime inflation. He argues that the Fed’s actions through the COVID-19 pandemic devalued the greenback, pushing folks in the direction of cryptocurrencies as different shops of worth.  

2. Blockchain Weekly Evaluation

The blockchain weekly evaluation primarily covers the blockchain dominance evaluation and the blockchain 7-day change evaluation. To be able to convey extra readability, the Layer 1 chains and Layer 2 chains are analysed individually. 

2.1. Blockchain Dominance Evaluation

Ethereum, TRON, BNB Good chain, Solana, and Arbitrum One are the highest 5 blockchains as per dominance and TVL.  

Blockchains	Dominance	TVL
Ethereum	60.71%	$52,713,518,411
TRON	9.92%	$8,610,792,735
BNB Good Chain	6.98%	$6,059,524,171
Solana	5.22%	$4,528,351,343
Arbitrum One	3.04%	$2,641,783,459

Among the many prime 5 chains, Ethereum dominates with 60.71%. TRON and BNB Good Chain observe with 9.92% and 6.98%. Solana has a dominance of 5.22% and Arbitrum One 3.04%. 

2.1.1. High 5 Layer 1 Chains By Dominance

Ethereum, BNB Good Chain, Solana, Bitcoin and Avalanche are the highest 5 Later 1 Blockchains. 

Layer 1 Blockchains	Dominance	TVL
Ethereum	77.31%	$52,646,879,307
BNB Good Chain	8.89%	$6,051,863,873
Solana	6.64%	$4,522,626,716
Bitcoin	1.64%	$1,115,232,049
Avalanche	1.38%	$942,995,040

Among the many prime 5 Layer 1 chains, Ethereum dominates with a dominance of 77.31%. BNB Good Chain and Solana observe with 8.89% and 6.64%, respectively. Bitcoin marks 1.64% dominance, and Avalanche registers 1.38% dominance. 

2.1.2. High 5 Layer 2 Chains By Dominance

Arbitrum One, Base, Blast, Polygon POS, and Optimism are the highest 5 Layer 2 Blockchains. 

Layer 2 Blockchains	Dominance	TVL
Arbitrum One	29.85%	$2,635,176,183
Base	17.29%	$1,526,465,299
Blast	17.08%	$1,508,006,967
Polygon POS	10.19%	$899,505,619
Optimism	8.83%	$779,597,461

Among the many prime 5 Layer 2 chains, Arbitrum One dominates with a dominance of 29.85%. Base and Blast carefully observe with 17.29% and 17.08%, respectively. Polygon POS marks a dominance of 10.19%, and Optimism data a dominance of 8.83%. 

2.2. Blockchain 7-Day Change Evaluation

Let’s analyse the highest 5 Layer 1 chains utilizing the 7-day change index. 

Layer 1 Blockchains	7-Day Change
Ethereum	-1.8%
BNB Good Chain	-3.4%
Solana	+9.5%
Bitcoin	-7.0%
Avalanche	+1.6%

Among the many prime 5 chains, solely Solana and Avalanche present optimistic modifications. Solana registers the best optimistic change of +9.5%, whereas Avalanche data an reasonable optimistic change of +1.6%. Bitcoin showcases the best unfavourable change of -7.0%. BNB good Chain and Ethereum mark reasonable unfavourable modifications of -3.4% and -1.8%, respectively. 

Let’s analyse the highest 5 Layer 2 chains utilizing the 7-day change index. 

Layer 2 Blockchains	7-Day Change
Arbitrum One	+0.9%
Base	-2.3%
Blast	-0.1%
Polygon POS	-0.4%
Optimism	-8.3%

Among the many prime 5 Layer 2 chains, solely Arbitrum One shows a optimistic change; it data a really reasonable optimistic change of +0.9%. The best unfavourable change is proven by Optimism, with -8.3% change. Base exhibits a reasonable change of -2.3%. Polygon POS and Blast showcase very reasonable modifications of -0.4% and -0.1%. 

3. Cryptocurrency Weekly Evaluation

The Cryptocurrency Weekly evaluation covers a variety of analyses, from the final cryptocurrency market cap evaluation and the highest gainers and losers evaluation to the Stabelcoin, Memecoin, AI Cash and Metaverse Cash analyses.  

3.1. High Cryptocurrency Classes By Market Cap

Layer 1 (LI), Good Contract Platform, Andreessen Horowitz (a16z) Portfolio, Alameda Analysis Portfolio, and Alleged SEC Securities are the highest 5 cryptocurrency classes by Market Cap. The Layer 1 (L1) class, with $1,975,884,413,592 market cap, is the one with the best market cap. The Good Contract Platform class follows with $678,209,531,506.     

Crypto Classes	Market Cap	7-Day Change
Layer 1 (L1)	$1,975,884,413,592	+3.6%
Good Contract Platform	$678,209,531,506	+1.1%
Andreessen Horowitz (a16z) Portfolio	$529,706,320,259	+1.5%
Alameda Analysis Portfolio	$476,950,967,546	+1.4%
Alleged SEC Securities	$254,824,240,832	+2.7%

Among the many prime 5 crypto classes, Layer 1 (L1) marks the best 7-day change of +3.6%. Alleged SEC Securities carefully follows with +2.7%. Andreessen Horowitz (a16z) Portfolio, Alameda Analysis Portfolio, and Good Contract Platform document +1.5%, +1.4% and +1.1% change, respectively.  

3.1.1. Trending Classes This Week

Wall Road Bets Themed Cash, Parody Meme Cash, PolitiFi, Base Meme Cash, Cat-Themed Cash, and DePIN are essentially the most trending classes this week.    

Trending Classes	Market Cap
Wall Road Bets Themed Cash	$59.4M
Parody Meme Cash	$496M
PolitiFi	$819M
Base Meme Cash	$942M
Cat-Themed Cash	$1.74B
DePIN	$29.3B

Among the many trending classes, DePIN stands out because it has a formidable market cap of $29.3B, which is the best among the many six. Cat-themed cash observe with a market cap of $1.74B. Base Meme Cash and PolitiFi document $942M and $819M market cap, respectively. Parody Meme Cash and Wall Road Bets Themed Cash register $496M and $59.4M market cap, respectively.   

3.2. High Cryptocurrencies By Market Cap

Bitcoin, Ethereum, Tether, BNB, and Solana are the highest 5 cryptocurrencies by market cap. Bitcoin has the best market cap of $1,308,281,130,156. Ethereum follows with a market cap of $364,014,920,398. 

Cryptocurrencies	Market Cap	7-Day Change
Bitcoin	$1,308,281,130,156	+5.2%
Ethereum	$364,014,920,398	-0.7%
Tether	$111,655,892,722	+0.3%
BNB	$89,098,450,093	-2.8%
Solana	$75,786,549,695	+9.0%

Among the many prime 5 cryptos, Solana, Bitcoin and Tether present optimistic modifications this week. Solana marks the best 7-day change of +9.0%. Bitcoin follows with a change of +5.2%. Tether exhibits a reasonable change of +0.3%. BNB and Etheruem show unfavourable modifications. BNB data a unfavourable change of -2.8%, and Ethereum a really reasonable unfavourable change of -0.7%. 

3.2.1. Trending Cash This Week

Apu Apustaja, Drift Protocol, Brett, Ondo, and Toncoin are essentially the most trending cryptocurrencies on the time of making ready this evaluation.  

Trending Cryptocurrencies	Market Cap
Apu Apustaja	$286,023,118
Drift Protocol	$54,742,896
Brett	$360,132,340
Ondo	$1,353,833,209
Toncoin	$23,478,151,394

Among the many trending cryptos, Toncoin has the best market cap of $23,478,151,394. Ondo follows with $1,353,833,209. Brett and Apu Apustaja present $360,132,340 and $286,023,118, respectively. Drift Protocol shows the bottom market cap of $54,742,896. 

3.2.2. High Gainers & Losers This Week

GME, MAGA VP, SIPHER, ConstitutionDAO, and Spectral are the highest gainers of the week as per the 7-day acquire index.  

High Gainers	7-Day Acquire
GME	+1222.2%
MAGA VP	+185.2%
SIPHER	+161.5%
ConstitutionDAO	+81.0%
Spectral	+68.1%

GME data the best acquire of +1222.2%. MAGA VP and SIPHER observe with +185.2% and +161.5%, respectively. ConstitutionDAO and Spectral document +81.0% and +68.1% acquire, respectively.  

Shark Cat, ALEX Lab, PunkCity, NORMIE, and Entangle are the highest losers of the week as per the 7-day loss index.   

High Losers	7-Day Loss
Shark Cat	-46.5%
ALEX Lab	-40.5%
PunkCity	-37.8%
NORMIE	-35.7%
Entangle	-35.7%

Shark Cat shows the best lack of -46.5%. ALEX Lab and PunkCity carefully observe with -40.5% and -37.8%, respectively. Each NORMIE and Entangle mark -a 35.7% loss.   

3.3. High Stablecoins Evaluation

Tether, USDC, Dai, First Digital USD, and Ethena USDe are the highest 5 stablecoins as per market cap.  

Stablecoins	Market Cap
Tether	$111,404,518,043
USDC	$33,344,450,829
Dai	$5,454,605,060
First Digital USD	$3,611,060,209
Ethena USDe	$2,349,531,273

Tether has the best market cap of $111,404,518,043. USDC and Dai observe with $33,344,450,829, and $5,454,605,060 market cap, respectively. First Digital USD registers a market cap of $3,611,060,209, and Ethena USDe data a market cap of $2,349,531,273.  

3.4. High Memecoins 7-Day Change Evaluation

Dogecoin, Shiba Inu, Pepe, dogwifhat, FLOKI are the highest 5 Memecoins as per market cap. Dogecoin has the best market cap of $22,198,117,707. Shiba Inu and Pepe observe with $14,672,691,432 and $4,284,171,989 market cap, respectively. 

Memecoins	Market Cap	7-Day Change
Dogecoin	$22,198,117,707	+0.7%
Shiba Inu	$14,672,691,432	+5.6%
Pepe	$4,284,171,989	+17.5%
dogwifhat	$2,876,263,223	-9.8%
FLOKI	$2,070,321,488	+18.0%

Among the many prime 5 Memecoins, solely dogwifhat exhibits a unfavourable 7-day change. FLOKI shows the best optimistic change of +18.2%. Pepe carefully follows with +17.5%. Shiba Inu marks a change of +5.6%. Dogecoin showcases a reasonable optimistic change of +0.7%. Conversely, dogewifhat data a unfavourable change of -9.8%. 

3.5. High AI Cash 7-Day Change Evaluation

Web Laptop, Fetch-ai, Render, The Graph, and Bittensor are the highest 5 AI Cash as per market cap. Web Laptop has the best market cap of $6,042,458,734. Fetch-ai and Render carefully observe with $5,781,641,812 and $3,959,699,597 market cap, respectively.  

AI Cash	Market Cap	7-Day Change
Web Laptop	$6,042,458,734	+4.9%
Fetch-ai	$5,781,641,812	-1.0%
Render	$3,959,699,597	-10.1%
The Graph	$2,950,787,914	+1.9%
Bittensor	$2,614,077,112	-2.1%

Among the many prime 5 AI cash, solely two show optimistic modifications this week. Web Laptop marks a optimistic 7-day change of +4.9%. The Graph exhibits a reasonable optimistic change of +1.9%. Render data the best unfavourable change of -10.1%. Bittensor and Fetch-ai observe with -2.1% and -1.0%. 

3.6. High Metaverse Cash 7-Day Change Evaluation

Render, FLOKI, Axie Infinity, The Sandbox, and Decentraland are the highest 5 Metaverse Cash on the premise of market cap. Render has the best market cap of $3,961,011,301. FLOKI, Axie Infinity, and The Sandbox carefully observe with $2,057,557,670, $1,064,252,244, and $1,009,956,073 market cap, respectively. 

Metaverse Cash	Market Cap	7-Day Change
Render	$3,961,011,301	-10.5%
FLOKI	$2,057,557,670	+18.0%
Axie Infinity	$1,064,252,244	-5.0%
The Sandbox	$1,009,956,073	-0.9%
Decentraland	$814,803,203	-1.0%

Among the many prime 5 metaverse cash, solely FLOKI exhibits a optimistic 7-day change; it data a change of +18.0%. Render, displaying -10.5% change, registers the best unfavourable change. Axie Infinity showcases a change of -5.0%. Decentraland (-1.0% change) and The Sandbox (-0.9% change) solely show reasonable unfavourable modifications.  

4. Crypto ETF Weekly Evaluation

The crypto ETF weekly evaluation covers Bitcoin Spot ETFs, Bitcoin Futures ETFs, and Ethereum Futures ETFs. 

4.1. Bitcoin Spot ETF Value Change Evaluation

GBTC, IBIT, FBTC, ARKB and BITB are the highest 5 Bitcoin Spot ETFs primarily based on Asset Underneath Administration. GBTC marks the best AUM of $24.33 billion. IBIT carefully follows with an AUM of $17.24 billion. 

Bitcoin Spot ETFs	Value	Change	AUM
Grayscale (GBTC)	$58.02	-1.36%	$24.33B
BlackRock (IBIT)	$37.15	-1.38%	$17.24B
Constancy (FBTC)	$57.02	-1.43%	$9.90B
Ark/21 Shares (ARKB)	$65.22	-1.27%	$2.85B
Bitwise (BITB)	$35.53	-1.47%	$2.16B

Among the many prime 5 Bitcoin Spot ETFs, none show optimistic modifications. BITB exhibits the best unfavourable change of -1.47%. FBTC carefully follows with -1.43%. IBIT and GBTC mark -1.38% and -1.36% change, respectively. 

4.2. Bitcoin Futures ETF Value Change Evaluation

BITO, XBTF, BTF, BITS, and ARKA are the highest 5 Bitcoin Futures ETFs as per Asset Underneath Administration.

Bitcoin Futures ETFs	Value	Change	AUM
ProShares (BITO)	$26.49	-1.30%	$598.78M
VanEck (XBTF)	$39.22	+0.33%	$42.41M
Valkyrie (BTF)	$18.25	-1.93%	$38.20M
World X (BITS)	$64.10	-0.94%	$26.10M
Ark/21 Shares (ARKA)	$62.17	-1.52%	$8.10M

Among the many prime 5 Bitcoin Futures ETFs, solely XBTF shows a optimistic change of +0.33%. The best unfavourable change is proven by BTF. ARKA and BITO carefully observe with -1.52% and -1.30% change, respectively. BITS marks a reasonable unfavourable change of -0.94%.  

4.3. Ethereum Futures ETF Value Change Evaluation

BITW, BTF, EFUT, EETH, and AETH are the highest 5 Ethereum Futures ETFs primarily based on Asset Underneath Administration. 

Ethereum Futures ETFs	Value	Change	AUM
Bitwise (BITW)	$31.55	-1.31%	$478.00M
Valkyrie (BTF)	$18.25	-1.93%	$25.93M
VanEck (EFUT)	$24.16	-1.88%	$7.84M
ProShares (EETH)	$63.87	-2.86%	$6.43M
Bitwise (AETH)	$38.69	-2.73%	$585.75K

Among the many prime 5 Ethereum Futures ETFs, none document optimistic modifications. The best unfavourable change is displayed by EETH (-2.86%). AETH carefully follows with -2.73%. BTF and EFUT document -1.93% and -1.88% change, respectively. BITW registers a change of -1.31%. 

5. DeFi Protocols Weekly Evaluation

Lido, EigenLayer, AAVE, Maker and JustLend are the highest 5 DeFi protocols as per Whole Worth Locked. 

DeFi Protocols	TVL	7-Day Change
Lido	$28.549B	+0.12%
EigenLayer	$14.919B	-0.67%
AAVE	$10.936B	+2.77%
Maker	$8.25B	+0.61%
JustLend	$6.431B	+4.07%

Among the many prime 5 DeFi Protocols, all of them present optimistic 7-day modifications besides Eigen Layer, which data a unfavourable change of -0.67%. The best optimistic change is proven by JustLend, which registers a change of +4.07%. AAVE follows with a change of +2.77%. Maker and Lido show reasonable optimistic modifications of +0.61% and +0.12%. 

6. Crypto Alternate Weekly Evaluation

6.1. High Crypto Centralised Exchanges

Primarily based on month-to-month visits, Binance, Coinbase Alternate, Bybit, OKK, and WhiteBIT are the highest 5 crypto centralised exchanges. 

Crypto Centralised Exchanges	Month-to-month Visits	Belief Rating
Binance	101M	9/10
Coinbase Alternate	65.7M	10/10
Bybit	39.1M	10/10
OKK	30.5M	10/10
WhiteBIT	22.9M	8/10

Binance data the best month-to-month go to of 101M. Coinbase Alternate follows with 65.7M. Bybit and OKK document 39.1M and 30.5M month-to-month visits. WhiteBIT registers 22.9M month-to-month visits. 

Among the many prime crypto centralised exchanges, at the least three, Coinbase Alternate, Bybit and OKK have the spectacular belief rating of 10/10. Binace has a belief rating of 9/10, and WhiteBIT has a rating of 8/10. 

6.2. High Crypto Decentralised Exchanges

Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum One), Uniswap V2 (Ethereum), Uniswap V3 (Polygon), and Uniswap V3 (Optimism) are the highest 5 crypto decentralised exchanges on the premise of Market Share by Quantity.   

Crypto Decentralised Exchanges	% Market Share by Quantity	24-Hour Quantity
Uniswap V3 (Ethereum)	15.6%	$875,859,638
Uniswap V3 (Arbitrum One)	4.9%	$275,170,379
Uniswap V2 (Ethereum)	2.0%	$113,110,402
Uniswap V3 (Polygon)	1.7%	$92,957,905
Uniswap V3 (Optimism)	1.0%	$56,123,372

Uniswap V3 (Ethereum) has the best market share by quantity of 15.6%. Uniswap V3 (Arbitrum One) and Uniswap V2 (Ethereum) observe with 4.9% and a pair of.0%, respectively. Uniswap V3 (Polygon) marks 1.7% market share by quantity, and Uniswap V3 (Optimism) data the market share by quantity of 1.0%.  

6.3. High Crypto By-product Exchanges

Binance (Futures), Bybit(Futures), BYDFi (Futures), Bitget Futures and Deepcoin (Derivatives) are the highest 5 crypto spinoff exchanges by 24-hour open curiosity. 

Crypto By-product Exchanges	24-Hour Open Curiosity	24-Hour Quantity
Binance (Futures)	$17,732,368,644	$56,137,133,472
Bybit (Futures)	$11,931,914,631	$17,252,999,974
BYDFi (Futures)	$9,735,334,808	$21,186,587,860
Bitget Futures	$9,455,430,822	$16,609,950,961
Deepcoin (Derivatives)	$9,330,882,218	$7,809,727,287

Binance (Futures) shows the best 24-hour Open Curiosity of $17,732,368,644. Bybit (Futures) and BYDFi (Futures) observe with $11,931,914,631 and $9,735,334,808, respectively. Bitget Futures and Deepcoin (Derivatives) register $9,455,430,822 and $9,330,882,218 open curiosity, respectively.   

Among the many prime 5 crypto derivatives exchanges, Binance (Futures) exhibits the best 24-hour Quantity of $56,137,133,472. BYDFi (Futures) follows with $21,186,587,860 quantity. Bybit (Futures) and Bitget Futures register $17,252,999,974 and $16,609,950,961 in quantity, respectively.   

7. NFT Market Weekly Evaluation

Blur, Blur Aggregator, Cryptopunks, X2Y2, and Gem are the highest 5 NFT Marketplaces by Market Share. Blur has the best market share of 64.32%. Blur Aggregator and Cryptopunks observe with 24.87% and three.25% market share respectively. 

NFT Marketplaces	Market Share	Quantity Change (Change of final 7-D Quantity over the Earlier 7-D Quantity)
Blur	64.32%	-1.41%
Blur Aggregator	27.87%	-5.86%
Cryptopunks	3.25%	-1.20%
X2Y2	2.58%	-12.94%
Gem	0.73%	-34.97%

Among the many prime 5 NFT Marketplaces, none exhibits optimistic quantity modifications. The best unfavourable quantity change is proven by Gem, which data a change of -34.97%. X2Y2 follows with -12.94%. Blur Aggregator shows a change of -5.86%. Blur and Cryptopunks mark modifications of -1.41% and -1.20%, respectively. 

7.1. High NFT Collectibles This Week

CryptoPunks #741, $ORDI BRC-20 NFTs #88159, CryptoPunks #3619, Lasogette NFT #802, and Bored Ape Yacht Membership #7616 are the highest NFT collectibles primarily based on Value. 

NFT Collectibles	Value
CryptoPunks #741	$792,046.13
$ORDI BRC-20 NFTs #88159	$681,497.38
CryptoPunks #3619	$627,990.88
Lasogette NFT #802	$273,036.16
Bored Ape Yacht Membership #7616	$248,797.03

CryptoPunks #741 is priced at $792,046.13. $ORDI BRC-20 NFTs #88159 prices $681,497.38. CryptoPunks #3619, Lasogette NFT #802, and Bored Ape Yacht Membership #7616 are priced at $627,990.88, $273,036.16, and $248,797.03, respectively.    

8. Web3, Blockchain & Crypto Funding Evaluation

8.1. Crypto Fundraising Pattern

Week	Funds Raised	Variety of Fundraising Rounds
Might 13-19, 2024	$155.40M	25
Might 6-12, 2024	$149.60M	37

This week, almost $155.40M has been raised up to now. It has already crossed the earlier week’s $149.60M. 

8.2. Most Lively Traders This Week

Animoca Manufacturers, P2 Ventures (Polygon Ventures), Unicorn Manufacturing unit Ventures, Double Peak and NXGen are essentially the most lively traders this week, primarily based on Offers.   

Traders (or Fund’s Identify)	Offers (12 Might – 17 Might, 2024)	Investments	Lead Investments
Animoca Manufacturers	4	2	2
P2 Ventures (Polygon Ventures)	3	3	0
Unicorn Manufacturing unit Ventures	2	2	0
Double Peak	2	2	0
NXGen	2	1	1

Animoca Manufacturers data the best variety of offers of 4; out of those offers, 2 are regular investments and a pair of are lead investments. P2 Ventures (Polygon Ventures) follows with three offers – all of them are regular investments. Unicorn Manufacturing unit Ventures and Double Peak register 2 offers every – none of them are lead investments. Notably, NXGen marks one regular funding and one lead funding – a complete of two offers. 

8.3. Crypto Fundraising By Class

Blockchain Infrastructure, Blockchain Providers, CeFi, Chain, DeFi, GameFi, and Social are the classes raised funds this week. 

Class	Variety of Fundraising Rounds (Might 13-19, 24)	Funds Raised
Blockchain Infrastructure	4	$40.05M
Blockchain Providers	3	$6.20M
CeFi	1	$2.70M
Chain	1	$15.00M
DeFi	9	$69.55M
GameFi	5	$15.10M
Social	2	$6.80M

DeFi raised the best quantity of $69.55M. Blockchain Infrastructure, GameFi and Chain observe with $40.05M, $15.10M, and $15.00M. 

8.4. High Crypto Funding Areas

Other than Undisclosed, america, Singapore and France are the highest crypto funding areas, on the premise of funds raised.  

Funding Location	Funds Raised (Might 12 – 17, 2024)	Funds Raised %	Variety of Rounds
Undisclosed	$87.10M	56%	16
United States	$56.20M	36%	5
Singapore	$9.50M	6%	2
France	$2.60M	2%	1

When the class of undisclosed raised over $87.10M, the US amassed an quantity of $56.20M. Singapore and France collected $9.50M and $2.60M, respectively.   

8.5. Most Lively Crypto VC Jurisdictions

The US, the UK, the UAE, Singapore and China are essentially the most lively crypto enterprise capital jurisdictions.  

Crypto VC Jurisdiction	Variety of Tasks (Might 12 – 17, 2024)
United States	53
United Kingdom	11
United Arab Emirates	11
Singapore	6
China	6

The US registers the best variety of initiatives 53. The UK and the United Arab Emirates observe with 11 every. Singapore and China recorded 6 every. 

9. Net 3, Blockchain & Crypto Hack Updates

The full worth of hacked is $8.75 billion. The full worth hacked in DeFi is $5.92B and Whole Worth Hacked in Bridges is $2.83 billion. 

Whole Worth Hacked

$8.75B Whole Worth Hacked in DeFi$5.92BWhole Worth Hacked in Bridges $2.83B

Undertaking Identify	Quantity Misplaced	Date
Sonne Finance	$20M	15 Might, 2024

A hack was reported in Sonne Finance on fifteenth Might, 2024 – the primary reported this month. An enormous quantity of $20 million was misplaced because of the hack. 

Endnote

This report gives a complete evaluation of the present efficiency of varied blockchains and cryptocurrencies, together with Bitcoin, Altcoins, Stablecoins, AI Cash, Memecoins and Metaverse. It highlights trending cash, prime gainers and losers, and delves into Crypto ETFs corresponding to Bitcoin Spot ETFS, Bitcoin Futures ETFs, and Ethereum Futures ETFs. Moreover, it examines centralised, decentralised, and derivatives crypto exchanges, DeFi protocols, and NFT marketplaces. The report additionally covers crypto fundraising actions, outstanding traders, key funding areas, and notable crypto hacks reported recently.