After a massive success for the crypto and blockchain industry in 2021, the growth has been quite stagnant over the first few months of 2022. While investors put in record money in blockchain and crypto startups in Q1 2022, the crypto market is yet to show a rally. Crypto and blockchain startups raised more than $9.2 billion in Q1 2022 alone. Especially for retail investors, the market has been boring. This proves that numbers can sometimes be deceiving. It is difficult to draw concrete conclusions from crypto statistics. Bitcoin, the leading cryptocurrency globally, has been sitting under the $40,000-mark for quite some time now. The story is the same for other large caps like Ethereum and Cardano.
The aforementioned statistics and observations show the crypto industry has two sides: technology and trading. Since blockchain is a groundbreaking technology, its adoption is only going to increase in the coming years. Different protocols built on various blockchains aim to solve various problems. On the investment front, highs and lows are here to stay. The market moves from up-cycle to down-cycle and vice versa. Therefore, it is important to up the investment game by staying ahead of the trends. While statistics tell only a little about the present and the future of the crypto industry, they certainly help in getting a good idea of the major aspects. Here are some top crypto statistics that you should know about:
- There are more than 8,000 cryptocurrencies in the crypto market.
- The global crypto market is expected to grow to $23.3 billion by 2023.
- The popularity of Bitcoin is twice of Ethereum with over 80% of crypto enthusiasts globally aware of BTC
- The top 10 cryptocurrencies by market cap account for 88% of the total crypto market.
- Over 16% of the US population invests or trades in cryptocurrencies.
- The global blockchain market value is expected to grow to $67.4 billion by 2026, at a CAGR of 68.4%.
- As of February 2021, there are more than 68 million crypto wallets active globally.
- There are twice as many male crypto investors (16%) as female investors (7%).
- 65% of all crypto investors invest in Bitcoin
- There are more than 300 million crypto investors globally.
- India has the highest number (70 million) of crypto investors globally.
- As of 2021, the United States has over 17,400 operational crypto ATMs.
- The number of crypto wallets globally has increased at a rate of over 1,271% since 2016.
- As of 2020, there are more than 300 cryptocurrency exchanges globally.
- As of 2021, more than 900 crypto coins are launched in the market every day.
- There are more than 18.6 million Bitcoins in circulation.
- The amount of daily Bitcoin transactions is more than $6 billion daily.
- As of 2020, there are over 5,100 altcoins in circulation.
- Banks globally could save over $27 billion through blockchain adoption by 2030-end.
- Over $15.9 billion is expected to be spent on blockchain-related developments globally by 2023.
- As of 2021, crypto miners earn 6.25 Bitcoin for the addition of one block on the blockchain.
- The price of Bitcoin has increased 46,449,400% since 2010.
2022 is seeing a substantial increase in investments in blockchain and crypto startups. However, events like the Terra Luna fiasco have led to a sentiment of fear among retail investors globally. Going forward, the events in the crypto industry are likely to have a major impact on the crypto economy. These crypto statistics could be a reflection of what is about to come. Despite the extreme volatility of the crypto market, it is vital to stay ahead of the trends to minimize losses and make the most of the crypto wave.