In May 2026, the crypto sector recorded $3.52B raised across 83 VC rounds, alongside $5.55B of M&A value led by Bullish's $4.2B acquisition of Equiniti. Late-stage and strategic financings accounted for $3.10B (about 88% of VC capital), highlighted by Kalshi's $1.2B Series F and a $670M strategic stake in Dunamu. Investor participation also rebounded to 255 unique backers during the month.

In the second half of 2025, TRON focused on execution and distribution, strengthening its role as a stablecoin-led settlement network with low fees and fast confirmations. Stablecoin supply on TRON climbed 41% in 2025, monthly active stablecoin users rose 38% to above 10 million, and monthly transactions exceeded 300 million while TRX gained 26% since January 1, 2025. Despite mounting competition from chains like Ethereum, Solana, Base, and stablecoin-focused newcomers, TRON remained among the leading networks for P2P stablecoin payments and on-chain settlement activity.