[Crypto Venture Investment Volume Drops to Five-Year Low in May 2026] According to The Block, the number of crypto venture investment deals in May 2026 dropped to approximately 50, marking the lowest level since before 2021. Both the infrastructure and crypto financial services sectors fell to multi-year lows, with investors shifting their focus to the AI sector and a lack of high-quality early-stage projects being the primary reasons. Despite the decline in deal volume, total funding remained high, characterized by 'fewer but larger deals.' A typical example is the prediction market platform Kalshi, which recently completed a $1 billion funding round. Analysts believe that the low-noise environment could present a window of opportunity for projects with clear use cases and genuine traction.