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.
