METV - UST Aftershocks Weigh On Crypto

• Crypto’s disappointing performance in May was catalyzed by the collapse in the Terra ecosystem, specifically the UST stablecoin.
• The collapse of LUNA and its UST stablecoin have highlighted continued regulatory and governance risks in the space.
• Overall, exchange tokens fell 49% this month. KuCoin was the best performer in the category, down only 5%.
• There has been considerable innovation in open-source, on-chain social media applications in recent months.

For further details see: