Infrastructure dominates, DeFi surges mid-month, and meme coin hype cools — a sharper look at May 2025’s crypto presales. The meme coin hype may have dominated headlines this spring, but fresh data from May 2025 reveals a more nuanced fundraising landscape — one where infrastructure, DeFi, and utility-focused projects quietly outperformed their flashier counterparts. Fresh figures from Outset PR’s internal fundraising tracker reveal a capital landscape shaped less by hype and more by structure. While meme coins remained highly visible, they accounted for just 9
source: https://beincrypto.com/crypto-fundraising-may-infrastructure-dominance/