$ETH
November set a historical benchmark: $14.5 billion entered the crypto industry — a record that changes the context of the current cycle.
CryptoRank records the largest month in transaction volume in the history of the market. To understand the scale: even in peak periods of previous cycles, monthly fundraising rarely exceeded $6–7 billion. Now the figure is more than double the previous highs.
The structure of the inflow shows that the market is changing. The main volume came not in trendy tokens, but in infrastructure:
— purchase of Dunamu (Upbit) for $10.3 billion,
— $1 billion round of Kalshi from top funds,
— $500 million strategic investments in Ripple from Fortress and Citadel Securities.
These are funds that create the foundation of the industry:
Institutionals show that for them, crypto is not a speculative asset, but a strategic infrastructure of the future financial system. For investors, this is a double signal: the industry receives resources for growth, but such spikes often appear closer to the mature phases of the cycle. Therefore, it is increasingly important to look not at the noise around new tokens, but at the projects that will become the support of the next stage of development — there is where long-term value arises.
