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Blockchain Statistics 2024: Adoption, Market & Users
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enable-background="new 57 35.171 26 16.043" xml:space="preserve"> <path d="M57.5,38.193l12.5,12.5l12.5-12.5l-2.5-2.5l-10,10l-10-10L57.5,38.193z"/> </svg></span></span></a><button class="ast-menu-toggle" aria-expanded="false"><span class="screen-reader-text">Menu Toggle</span><span class="ast-icon icon-arrow"><svg class="ast-arrow-svg" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" x="0px" y="0px" width="26px" height="16.043px" viewBox="57 35.171 26 16.043" enable-background="new 57 35.171 26 16.043" xml:space="preserve"> <path d="M57.5,38.193l12.5,12.5l12.5-12.5l-2.5-2.5l-10,10l-10-10L57.5,38.193z"/> </svg></span></button> <ul class="sub-menu"> <li id="menu-item-20306" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-20306 ast-mm-has-desc"><a href="https://www.demandsage.com/category/seo/" class="menu-link"><span class="ast-icon icon-arrow"><svg class="ast-arrow-svg" xmlns="http://www.w3.org/2000/svg" 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class="ast-arrow-svg" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" x="0px" y="0px" width="26px" height="16.043px" viewBox="57 35.171 26 16.043" enable-background="new 57 35.171 26 16.043" xml:space="preserve"> <path d="M57.5,38.193l12.5,12.5l12.5-12.5l-2.5-2.5l-10,10l-10-10L57.5,38.193z"/> </svg></span><span class="menu-text">Data Statistics<span role="application" class="dropdown-menu-toggle ast-header-navigation-arrow" tabindex="0" aria-expanded="false" aria-label="Menu Toggle" ></span></span><span role="application" class="dropdown-menu-toggle ast-header-navigation-arrow" tabindex="0" aria-expanded="false" aria-label="Menu Toggle" ><span class="ast-icon icon-arrow"><svg class="ast-arrow-svg" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" x="0px" y="0px" width="26px" height="16.043px" viewBox="57 35.171 26 16.043" enable-background="new 57 35.171 26 16.043" xml:space="preserve"> <path d="M57.5,38.193l12.5,12.5l12.5-12.5l-2.5-2.5l-10,10l-10-10L57.5,38.193z"/> </svg></span></span></a><button class="ast-menu-toggle" aria-expanded="false"><span class="screen-reader-text">Menu Toggle</span><span class="ast-icon icon-arrow"><svg class="ast-arrow-svg" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" x="0px" y="0px" width="26px" height="16.043px" viewBox="57 35.171 26 16.043" enable-background="new 57 35.171 26 16.043" xml:space="preserve"> <path d="M57.5,38.193l12.5,12.5l12.5-12.5l-2.5-2.5l-10,10l-10-10L57.5,38.193z"/> </svg></span></button> <ul class="sub-menu"> <li id="menu-item-25373" class="menu-item menu-item-type-post_type menu-item-object-post menu-item-25373"><a href="https://www.demandsage.com/chatgpt-statistics/" class="menu-link"><span class="ast-icon icon-arrow"><svg class="ast-arrow-svg" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" x="0px" y="0px" width="26px" 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class="ast-post-format- single-layout-1 ast-no-date-box"> <header class="entry-header "> <h1 class="entry-title" itemprop="headline">Blockchain Statistics 2024: Adoption, Market & Users</h1><div class="entry-meta">By <span class="posted-by vcard author" itemtype="https://schema.org/Person" itemscope="itemscope" itemprop="author"> <a title="View all posts by Naveen Kumar" href="https://www.demandsage.com/author/naveen/" rel="author" class="url fn n" itemprop="url" > <span class="author-name" itemprop="name" > Naveen Kumar </span> </a> </span> / <span class="posted-on"><span class="published" itemprop="datePublished"> September 25, 2024 </span></span></div> </header><!-- .entry-header --> <div class="entry-content clear" itemprop="text" > <p>The blockchain market has steadily grown over the years. Its market value increased from $4.19 billion in 2020 to $26.91 billion in 2024.</p> <p>It is fascinating to see that the blockchain industry is worth billions, even though just 3.9% of people worldwide use it.</p> <p>Let us take a closer look at the number of blockchain users, adoption rate, and more in this article. </p> <h2 class="wp-block-heading"><strong>Blockchain Statistics For 2024 (Quick Insights)</strong></h2> <ul class="wp-block-list"> <li>More than 300 million people worldwide use Blockchain.</li> <li>Over 85 million people worldwide use Blockchain Wallet.</li> <li>The blockchain market is predicted to reach $32.69 billion by the end of 2024.</li> <li>The global spending on blockchain solutions is forecasted to reach $19 billion in 2024. </li> <li>There are nearly 20,000 cryptocurrencies in existence, but only 10,025 cryptocurrencies are currently active.</li> <li>Nearly 90% of the businesses surveyed reported deploying blockchain technology in some capacity.</li> <li>86% of people believe Blockchain technology can enhance their business.</li> <li>Crypto users in the US have lost around $5.6 billion in cryptocurrency scams in 2023. </li> </ul> <h2 class="wp-block-heading"><strong>Blockchain Users</strong></h2> <p>Nearly 1 in 20 people worldwide use Blockchain. That is quite low compared to the number of people who are aware of the blockchain and cryptocurrency market.</p> <p>Besides, the highest number of Blockchain users are from the Asian continent, followed by Europeans.</p> <h3 class="wp-block-heading"><strong>More Than 300 Million People Worldwide Use Blockchain</strong></h3> <p>This means that 3.9% of the global population will use blockchain in 2024. </p> <p>If we talk about region-wise usage, then 160 million people in Asia use the technology, while just 1 million people in Oceania use it.</p> <figure class="wp-block-image aligncenter size-full"><img fetchpriority="high" decoding="async" width="946" height="495" src="https://www.demandsage.com/wp-content/uploads/2024/01/Blockchain-Users-In-Different-Regions-Worldwide.png" alt="Blockchain Users In Different Regions Worldwide" class="wp-image-32665" style="object-fit:cover" title="Blockchain Users In Different Regions Worldwide" srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Blockchain-Users-In-Different-Regions-Worldwide.png 946w, https://www.demandsage.com/wp-content/uploads/2024/01/Blockchain-Users-In-Different-Regions-Worldwide-300x157.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Blockchain-Users-In-Different-Regions-Worldwide-768x402.png 768w" sizes="(max-width: 946px) 100vw, 946px" /></figure> <p><strong>The following table displays the number of blockchain users in different regions worldwide. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Region</th><th class="has-text-align-left" data-align="left">Number Of Blockchain Users </th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Asia</td><td class="has-text-align-left" data-align="left">160 million</td></tr><tr><td class="has-text-align-left" data-align="left">Europe</td><td class="has-text-align-left" data-align="left">38 million</td></tr><tr><td class="has-text-align-left" data-align="left">Africa</td><td class="has-text-align-left" data-align="left">32 million</td></tr><tr><td class="has-text-align-left" data-align="left">North America</td><td class="has-text-align-left" data-align="left">28 million</td></tr><tr><td class="has-text-align-left" data-align="left">South America</td><td class="has-text-align-left" data-align="left">24 million</td></tr><tr><td class="has-text-align-left" data-align="left">Oceania</td><td class="has-text-align-left" data-align="left">1 million</td></tr></tbody></table></figure> <p><strong>Source:</strong> <a href="https://kruschecompany.com/blockchain-sector-statistics-and-facts/" target="_blank" rel="noreferrer noopener nofollow">Kruschecompany</a>, Zippia. </p> <h3 class="wp-block-heading"><strong>Over 85 Million People Worldwide Use Blockchain Wallet</strong></h3> <p>The number of blockchain wallet users has grown significantly over the past few years. There were just 10 million blockchain wallet users in 2016. This number reached 80 million in 2021. </p> <p>This was an increase of 70 million blockchain wallet users in just 5 years. </p> <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="948" height="500" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20948%20500'%3E%3C/svg%3E" alt="Number Of Blockchain Wallet Users" class="wp-image-32666" style="object-fit:cover" title="Number Of Blockchain Wallet Users" data-lazy-srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Number-Of-Blockchain-Wallet-Users.png 948w, https://www.demandsage.com/wp-content/uploads/2024/01/Number-Of-Blockchain-Wallet-Users-300x158.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Number-Of-Blockchain-Wallet-Users-768x405.png 768w" data-lazy-sizes="(max-width: 948px) 100vw, 948px" data-lazy-src="https://www.demandsage.com/wp-content/uploads/2024/01/Number-Of-Blockchain-Wallet-Users.png" /><noscript><img decoding="async" width="948" height="500" src="https://www.demandsage.com/wp-content/uploads/2024/01/Number-Of-Blockchain-Wallet-Users.png" alt="Number Of Blockchain Wallet Users" class="wp-image-32666" style="object-fit:cover" title="Number Of Blockchain Wallet Users" srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Number-Of-Blockchain-Wallet-Users.png 948w, https://www.demandsage.com/wp-content/uploads/2024/01/Number-Of-Blockchain-Wallet-Users-300x158.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Number-Of-Blockchain-Wallet-Users-768x405.png 768w" sizes="(max-width: 948px) 100vw, 948px" /></noscript></figure> <p><strong>The following table displays the number of blockchain wallet users recorded over the years. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Year </th><th class="has-text-align-left" data-align="left">Number Of Blockchain Wallet Users</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">2022</td><td class="has-text-align-left" data-align="left">85.08 million</td></tr><tr><td class="has-text-align-left" data-align="left">2021</td><td class="has-text-align-left" data-align="left">80.24 million</td></tr><tr><td class="has-text-align-left" data-align="left">2020</td><td class="has-text-align-left" data-align="left">63.48 million</td></tr><tr><td class="has-text-align-left" data-align="left">2019</td><td class="has-text-align-left" data-align="left">44.51 million</td></tr><tr><td class="has-text-align-left" data-align="left">2018</td><td class="has-text-align-left" data-align="left">31.91 million</td></tr><tr><td class="has-text-align-left" data-align="left">2017</td><td class="has-text-align-left" data-align="left">19.34 million</td></tr><tr><td class="has-text-align-left" data-align="left">2016</td><td class="has-text-align-left" data-align="left">10.69 million</td></tr><tr><td class="has-text-align-left" data-align="left">2015</td><td class="has-text-align-left" data-align="left">5.34 million</td></tr><tr><td class="has-text-align-left" data-align="left">2014</td><td class="has-text-align-left" data-align="left">2.71 million</td></tr><tr><td class="has-text-align-left" data-align="left">2013</td><td class="has-text-align-left" data-align="left">0.89 million</td></tr><tr><td class="has-text-align-left" data-align="left">2012</td><td class="has-text-align-left" data-align="left">0.07 million</td></tr></tbody></table></figure> <p><strong>NOTE:</strong> Although the figures are from 2022, that’s the latest data available.</p> <p><strong>Source: </strong>Kruschecompany,<a href="https://www.statista.com/statistics/647374/" target="_blank" rel="noreferrer noopener nofollow"> Statista</a>.</p> <h2 class="wp-block-heading"><strong>Blockchain Market Size</strong></h2> <p>The blockchain market is predicted to reach $162.84 billion by the end of 2027. The market is currently estimated to be valued at over $32 billion.</p> <p>The market is predicted to grow by $143.48 billion in a span of just four years.</p> <h3 class="wp-block-heading"><strong>The Blockchain Technology Market Size Is Forecasted To Reach $32.69 Billion in 2024</strong></h3> <p>Further, the forecast states that the market will be valued at $162.84 billion by the year 2027. </p> <p>Increased investments in blockchain technology and the rising adoption of distributed ledger technology (DLT) systems are major factors contributing to the growth of the blockchain market. </p> <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="944" height="497" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20944%20497'%3E%3C/svg%3E" alt="Market Size Of Blockchain Technology" class="wp-image-32667" title="Market Size Of Blockchain Technology" data-lazy-srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Market-Size-Of-Blockchain-Technology.png 944w, https://www.demandsage.com/wp-content/uploads/2024/01/Market-Size-Of-Blockchain-Technology-300x158.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Market-Size-Of-Blockchain-Technology-768x404.png 768w" data-lazy-sizes="(max-width: 944px) 100vw, 944px" data-lazy-src="https://www.demandsage.com/wp-content/uploads/2024/01/Market-Size-Of-Blockchain-Technology.png" /><noscript><img decoding="async" width="944" height="497" src="https://www.demandsage.com/wp-content/uploads/2024/01/Market-Size-Of-Blockchain-Technology.png" alt="Market Size Of Blockchain Technology" class="wp-image-32667" title="Market Size Of Blockchain Technology" srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Market-Size-Of-Blockchain-Technology.png 944w, https://www.demandsage.com/wp-content/uploads/2024/01/Market-Size-Of-Blockchain-Technology-300x158.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Market-Size-Of-Blockchain-Technology-768x404.png 768w" sizes="(max-width: 944px) 100vw, 944px" /></noscript></figure> <p><strong>The following table displays the blockchain technology market size recorded over the years:</strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Year</th><th class="has-text-align-left" data-align="left">Blockchain Market Size</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">2027*</td><td class="has-text-align-left" data-align="left">$162.84 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2026*</td><td class="has-text-align-left" data-align="left">$94.89 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2025*</td><td class="has-text-align-left" data-align="left">$55.54 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2024*</td><td class="has-text-align-left" data-align="left">$32.69 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2023</td><td class="has-text-align-left" data-align="left">$19.36 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2022</td><td class="has-text-align-left" data-align="left">$11.54 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2021</td><td class="has-text-align-left" data-align="left">$6.92 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2020</td><td class="has-text-align-left" data-align="left">$4.19 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2019</td><td class="has-text-align-left" data-align="left">$2.55 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2018</td><td class="has-text-align-left" data-align="left">$1.57 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2017</td><td class="has-text-align-left" data-align="left">$0.98 billion</td></tr></tbody></table></figure> <p><strong>Source: </strong><a href="https://www.statista.com/statistics/1015362/" target="_blank" rel="noreferrer noopener nofollow">Statista</a>. </p> <h2 class="wp-block-heading"><strong>Cryptocurrency Statistics</strong></h2> <p>The number of cryptocurrency users increased by 415 million in the past three years. </p> <p>This rapid growth in the number of users is due to the increasing awareness about crypto and blockchain among people worldwide. </p> <p>Here are further details about the cryptocurrency users. </p> <h3 class="wp-block-heading"><strong>There Are Over 617 Million Cryptocurrency Users Worldwide As Of 2024</strong></h3> <p>This is an <a href="https://www.demandsage.com/cryptocurrency-statistics/" target="_blank" rel="noreferrer noopener">increase of 100 million cryptocurrency users</a> compared to 2023. The number of users in that year was recorded to be 516 million. </p> <p>The number of crypto users grew by more than 377% since the beginning of 2021</p> <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="2550" height="1334" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%202550%201334'%3E%3C/svg%3E" alt="Number Of Cryptocurrency Users" class="wp-image-39967" title="Number Of Cryptocurrency Users" data-lazy-srcset="https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users.png 2550w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-300x157.png 300w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-1024x536.png 1024w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-768x402.png 768w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-1536x804.png 1536w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-2048x1071.png 2048w" data-lazy-sizes="(max-width: 2550px) 100vw, 2550px" data-lazy-src="https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users.png" /><noscript><img decoding="async" width="2550" height="1334" src="https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users.png" alt="Number Of Cryptocurrency Users" class="wp-image-39967" title="Number Of Cryptocurrency Users" srcset="https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users.png 2550w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-300x157.png 300w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-1024x536.png 1024w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-768x402.png 768w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-1536x804.png 1536w, https://www.demandsage.com/wp-content/uploads/2024/09/Number-Of-Cryptocurrency-Users-2048x1071.png 2048w" sizes="(max-width: 2550px) 100vw, 2550px" /></noscript></figure> <p><strong>The following table displays the number of Cryptocurrency users recorded over the years. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Year</th><th class="has-text-align-left" data-align="left">Number of Cryptocurrency Users</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">2024</td><td class="has-text-align-left" data-align="left">617 million</td></tr><tr><td class="has-text-align-left" data-align="left">2023</td><td class="has-text-align-left" data-align="left">516 million</td></tr><tr><td class="has-text-align-left" data-align="left">2022</td><td class="has-text-align-left" data-align="left">425 million</td></tr><tr><td class="has-text-align-left" data-align="left">2021</td><td class="has-text-align-left" data-align="left">295 million</td></tr><tr><td class="has-text-align-left" data-align="left">2020</td><td class="has-text-align-left" data-align="left">101 million</td></tr><tr><td class="has-text-align-left" data-align="left">2018</td><td class="has-text-align-left" data-align="left">35 million</td></tr><tr><td class="has-text-align-left" data-align="left">2017</td><td class="has-text-align-left" data-align="left">18 million</td></tr></tbody></table></figure> <p><strong>Source:</strong> <a href="https://www.statista.com/statistics/1202503/" target="_blank" rel="noreferrer noopener nofollow">Statista</a>.</p> <h3 class="wp-block-heading"><strong>There Are 10,025 Cryptocurrencies In Existence As Of 2024</strong></h3> <p>While there have been over 20,000 cryptocurrencies launched to date, only 50% of them are currently active. The rest of the cryptocurrencies are either inactive or discontinued. </p> <p><strong>The following table displays the number of active cryptocurrencies recorded over the years. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Year</th><th class="has-text-align-left" data-align="left">Number Of Active Cryptocurrencies</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">2024</td><td class="has-text-align-left" data-align="left">10,025</td></tr><tr><td class="has-text-align-left" data-align="left">2023</td><td class="has-text-align-left" data-align="left">8,866</td></tr><tr><td class="has-text-align-left" data-align="left">2022</td><td class="has-text-align-left" data-align="left">9,310</td></tr><tr><td class="has-text-align-left" data-align="left">2021</td><td class="has-text-align-left" data-align="left">7,557</td></tr><tr><td class="has-text-align-left" data-align="left">2019</td><td class="has-text-align-left" data-align="left">2,817</td></tr><tr><td class="has-text-align-left" data-align="left">2018</td><td class="has-text-align-left" data-align="left">1,658</td></tr><tr><td class="has-text-align-left" data-align="left">2017</td><td class="has-text-align-left" data-align="left">1,335</td></tr><tr><td class="has-text-align-left" data-align="left">2016</td><td class="has-text-align-left" data-align="left">644</td></tr><tr><td class="has-text-align-left" data-align="left">2015</td><td class="has-text-align-left" data-align="left">562</td></tr><tr><td class="has-text-align-left" data-align="left">2014</td><td class="has-text-align-left" data-align="left">506</td></tr><tr><td class="has-text-align-left" data-align="left">2013</td><td class="has-text-align-left" data-align="left">66</td></tr></tbody></table></figure> <p><strong>Source: </strong><a href="https://www.statista.com/statistics/863917/" target="_blank" rel="noreferrer noopener nofollow">Statista</a>. </p> <h2 class="wp-block-heading"><strong>Blockchain User Demographics</strong></h2> <p>Men’s interest has always been more significant than that of females in the blockchain and crypto markets. </p> <p>This is because females consider the market very risky and avoid its usage or investing in it. The same goes for Asians, as they prefer not to invest in the crypto markets.</p> <p>Here are further details about the Blockchain and Crypto user demographics. </p> <h3 class="wp-block-heading"><strong>Males Are More Than Twice As Likely To Have Used Cryptocurrencies</strong></h3> <p>22% of the males reported that they had used cryptocurrencies, while just 10% of females said so.</p> <p>As per a survey by CNBC and Acorn, 16% of men and 7% of women invest in blockchain technology.</p> <p><strong>The following table includes further findings from the survey. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Investment Type</th><th class="has-text-align-left" data-align="left">Share of Males Investing</th><th class="has-text-align-left" data-align="left">Share of Females Investing</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Blockchain Technology</td><td class="has-text-align-left" data-align="left">16%</td><td class="has-text-align-left" data-align="left">7%</td></tr><tr><td class="has-text-align-left" data-align="left">exchange-traded funds</td><td class="has-text-align-left" data-align="left">14%</td><td class="has-text-align-left" data-align="left">7%</td></tr><tr><td class="has-text-align-left" data-align="left">Individual Stocks</td><td class="has-text-align-left" data-align="left">40%</td><td class="has-text-align-left" data-align="left">24%</td></tr><tr><td class="has-text-align-left" data-align="left">Mutual Funds</td><td class="has-text-align-left" data-align="left">30%</td><td class="has-text-align-left" data-align="left">20%</td></tr><tr><td class="has-text-align-left" data-align="left">Real Estate</td><td class="has-text-align-left" data-align="left">36%</td><td class="has-text-align-left" data-align="left">30%</td></tr><tr><td class="has-text-align-left" data-align="left">Bonds</td><td class="has-text-align-left" data-align="left">14%</td><td class="has-text-align-left" data-align="left">11%</td></tr></tbody></table></figure> <p><strong>Source: </strong><a href="https://www.sciencedirect.com/science/article/pii/S2199853123002056" target="_blank" rel="noreferrer noopener nofollow">Science Direct</a>. </p> <h3 class="wp-block-heading"><strong>62% Of The Crypto Owners Are White</strong></h3> <p>Considering the fact that 69% of the population in the United States is White, it comes as no surprise that the highest percentage of Crypto owners in the United States are White.</p> <p><strong>The following table displays further details about the ethnicity and race of crypto owners in the United States. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Ethnicity/ Race </th><th class="has-text-align-left" data-align="left">Percent of Cryp<strong>to Ownership </strong></th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">White</td><td class="has-text-align-left" data-align="left">62%</td></tr><tr><td class="has-text-align-left" data-align="left">Hispanic</td><td class="has-text-align-left" data-align="left">24%</td></tr><tr><td class="has-text-align-left" data-align="left">Black or African-American</td><td class="has-text-align-left" data-align="left">8%</td></tr><tr><td class="has-text-align-left" data-align="left">Asian</td><td class="has-text-align-left" data-align="left">6%</td></tr></tbody></table></figure> <p><strong>Source:</strong> Morning Consult.</p> <h3 class="wp-block-heading"><strong>57% Of The Total Number Of Crypto Owners In The United States Are Millennials</strong></h3> <p>Most of the crypto owners belong to the working class and are financially educated about crypto and other assets. Hence, the highest number of crypto owners are Millennials. </p> <p>At the same time, the second highest share of crypto owners is GenX. </p> <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="945" height="495" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20945%20495'%3E%3C/svg%3E" alt="The Share Of Crypto Owners By Different Generations In The United States" class="wp-image-32670" style="object-fit:cover" title="The Share Of Crypto Owners By Different Generations In The United States" data-lazy-srcset="https://www.demandsage.com/wp-content/uploads/2024/01/The-Share-Of-Crypto-Owners-By-Different-Generations-In-The-United-States.png 945w, https://www.demandsage.com/wp-content/uploads/2024/01/The-Share-Of-Crypto-Owners-By-Different-Generations-In-The-United-States-300x157.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/The-Share-Of-Crypto-Owners-By-Different-Generations-In-The-United-States-768x402.png 768w" data-lazy-sizes="(max-width: 945px) 100vw, 945px" data-lazy-src="https://www.demandsage.com/wp-content/uploads/2024/01/The-Share-Of-Crypto-Owners-By-Different-Generations-In-The-United-States.png" /><noscript><img decoding="async" width="945" height="495" src="https://www.demandsage.com/wp-content/uploads/2024/01/The-Share-Of-Crypto-Owners-By-Different-Generations-In-The-United-States.png" alt="The Share Of Crypto Owners By Different Generations In The United States" class="wp-image-32670" style="object-fit:cover" title="The Share Of Crypto Owners By Different Generations In The United States" srcset="https://www.demandsage.com/wp-content/uploads/2024/01/The-Share-Of-Crypto-Owners-By-Different-Generations-In-The-United-States.png 945w, https://www.demandsage.com/wp-content/uploads/2024/01/The-Share-Of-Crypto-Owners-By-Different-Generations-In-The-United-States-300x157.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/The-Share-Of-Crypto-Owners-By-Different-Generations-In-The-United-States-768x402.png 768w" sizes="(max-width: 945px) 100vw, 945px" /></noscript></figure> <p><strong>The following table shows the share of crypto owners by different generations in the United States. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Generation</th><th class="has-text-align-left" data-align="left">Percentage Of Crypto Owners</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Gen Z</td><td class="has-text-align-left" data-align="left">13%</td></tr><tr><td class="has-text-align-left" data-align="left">Millennials </td><td class="has-text-align-left" data-align="left">57%</td></tr><tr><td class="has-text-align-left" data-align="left">Gen X</td><td class="has-text-align-left" data-align="left">20%</td></tr><tr><td class="has-text-align-left" data-align="left">Baby Boomers</td><td class="has-text-align-left" data-align="left">10%</td></tr></tbody></table></figure> <p><strong>Source:</strong> Morning Consult</p> <h2 class="wp-block-heading"><strong>Business Blockchain Statistics</strong></h2> <p>With the advancements in industries worldwide, almost 9 in 10 enterprises have adopted the usage of blockchain or are looking forward to it. </p> <p>Let us take a closer look at figures related to the adoption of blockchain by businesses worldwide. </p> <h3 class="wp-block-heading"><strong>Nearly 90% Of The Businesses Surveyed Reported Deploying Blockchain Technology In Some Capacity</strong></h3> <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="948" height="398" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20948%20398'%3E%3C/svg%3E" alt="Incorporating Blockchain Technology Is A Strategy Embraced By Almost 90% Of The Businesses Surveyed" class="wp-image-32671" style="object-fit:cover" title="Incorporating Blockchain Technology Is A Strategy Embraced By Almost 90% Of The Businesses Surveyed" data-lazy-srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Incorporating-Blockchain-Technology-Is-A-Strategy-Embraced-By-Almost-90-Of-The-Businesses-Surveyed.png 948w, https://www.demandsage.com/wp-content/uploads/2024/01/Incorporating-Blockchain-Technology-Is-A-Strategy-Embraced-By-Almost-90-Of-The-Businesses-Surveyed-300x126.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Incorporating-Blockchain-Technology-Is-A-Strategy-Embraced-By-Almost-90-Of-The-Businesses-Surveyed-768x322.png 768w" data-lazy-sizes="(max-width: 948px) 100vw, 948px" data-lazy-src="https://www.demandsage.com/wp-content/uploads/2024/01/Incorporating-Blockchain-Technology-Is-A-Strategy-Embraced-By-Almost-90-Of-The-Businesses-Surveyed.png" /><noscript><img decoding="async" width="948" height="398" src="https://www.demandsage.com/wp-content/uploads/2024/01/Incorporating-Blockchain-Technology-Is-A-Strategy-Embraced-By-Almost-90-Of-The-Businesses-Surveyed.png" alt="Incorporating Blockchain Technology Is A Strategy Embraced By Almost 90% Of The Businesses Surveyed" class="wp-image-32671" style="object-fit:cover" title="Incorporating Blockchain Technology Is A Strategy Embraced By Almost 90% Of The Businesses Surveyed" srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Incorporating-Blockchain-Technology-Is-A-Strategy-Embraced-By-Almost-90-Of-The-Businesses-Surveyed.png 948w, https://www.demandsage.com/wp-content/uploads/2024/01/Incorporating-Blockchain-Technology-Is-A-Strategy-Embraced-By-Almost-90-Of-The-Businesses-Surveyed-300x126.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Incorporating-Blockchain-Technology-Is-A-Strategy-Embraced-By-Almost-90-Of-The-Businesses-Surveyed-768x322.png 768w" sizes="(max-width: 948px) 100vw, 948px" /></noscript></figure> <p>Furthermore, 87% of businesses said they plan to invest in blockchain in 2024.</p> <p>42% of the Businesses that are already utilizing the technology are benefiting from its security capabilities. Another 42% of the businesses said they benefitted from its copy protection capabilities. </p> <p><strong>Source:</strong> <a href="https://cointelegraph.com/news/90-of-businesses-adopting-blockchain-technology-data" target="_blank" rel="noreferrer noopener nofollow">Coin Telegraph</a>, Deloitte.</p> <h3 class="wp-block-heading"><strong>86% Of People Believe Blockchain Technology Can Enhance Our Integration Toward More Touchless Business Processes</strong></h3> <p>In the Same survey, 91% of respondents expected to see a quantitative, verifiable return on their blockchain investments in the next five years.</p> <p><strong>Source: </strong>Delloite. </p> <h3 class="wp-block-heading"><strong>Companies Like Adobe, Allianz, Baidu, etc Use Blockchain Technology</strong></h3> <p>Here is a list of the top 10 companies that use Blockchain technology. </p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Companies</th><th class="has-text-align-left" data-align="left">Blockchain Network Used</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Adobe</td><td class="has-text-align-left" data-align="left">Ethereum</td></tr><tr><td class="has-text-align-left" data-align="left">Allianz</td><td class="has-text-align-left" data-align="left">Hyperledger Fabric, Corda</td></tr><tr><td class="has-text-align-left" data-align="left">Andreessen Horowitz </td><td class="has-text-align-left" data-align="left">Bitcoin, Ethereum, Solana, Flow, Celo, Near, Arweave, and others </td></tr><tr><td class="has-text-align-left" data-align="left">Ant Group</td><td class="has-text-align-left" data-align="left">Antchain</td></tr><tr><td class="has-text-align-left" data-align="left">Anthem</td><td class="has-text-align-left" data-align="left">Hyperledger Fabric</td></tr><tr><td class="has-text-align-left" data-align="left">Aon</td><td class="has-text-align-left" data-align="left">Corda</td></tr><tr><td class="has-text-align-left" data-align="left">A.P. Moller—Maersk </td><td class="has-text-align-left" data-align="left">TradeLens, Hyperledger Fabric </td></tr><tr><td class="has-text-align-left" data-align="left">Baidu</td><td class="has-text-align-left" data-align="left">XuperChain </td></tr><tr><td class="has-text-align-left" data-align="left">BHP</td><td class="has-text-align-left" data-align="left">MineHub, Hyperledger Fabric </td></tr><tr><td class="has-text-align-left" data-align="left">Block</td><td class="has-text-align-left" data-align="left">Bitcoin.</td></tr></tbody></table></figure> <h3 class="wp-block-heading"><strong>81 Companies Of The Top 100 Publicly Traded Companies In The World Are Using Blockchain Technology</strong></h3> <p>This list also includes companies that are still researching about the blockchain technology. </p> <p>However, 65 companies on the list have begun or completed the process of incorporating blockchain technology into their operations.</p> <p><strong>Source: </strong>Zippia.</p> <h3 class="wp-block-heading"><strong>77% Of Executives Said That Not Adopting Blockchain Technology Will Put Their Company At A Competitive Disadvantage</strong></h3> <p>Over 3 out of 4 executives said blockchain technology is a game changer and is here to stay. Besides, 56% of the surveyed executives said that blockchain can disrupt their industries.</p> <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="949" height="397" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20949%20397'%3E%3C/svg%3E" alt="77% Of Executives See Not Using Blockchain As A Competitive Disadvantage" class="wp-image-32672" style="object-fit:cover" title="77% Of Executives See Not Using Blockchain As A Competitive Disadvantage" data-lazy-srcset="https://www.demandsage.com/wp-content/uploads/2024/01/77-Of-Executives-See-Not-Using-Blockchain-As-A-Competitive-Disadvantage.png 949w, https://www.demandsage.com/wp-content/uploads/2024/01/77-Of-Executives-See-Not-Using-Blockchain-As-A-Competitive-Disadvantage-300x126.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/77-Of-Executives-See-Not-Using-Blockchain-As-A-Competitive-Disadvantage-768x321.png 768w" data-lazy-sizes="(max-width: 949px) 100vw, 949px" data-lazy-src="https://www.demandsage.com/wp-content/uploads/2024/01/77-Of-Executives-See-Not-Using-Blockchain-As-A-Competitive-Disadvantage.png" /><noscript><img decoding="async" width="949" height="397" src="https://www.demandsage.com/wp-content/uploads/2024/01/77-Of-Executives-See-Not-Using-Blockchain-As-A-Competitive-Disadvantage.png" alt="77% Of Executives See Not Using Blockchain As A Competitive Disadvantage" class="wp-image-32672" style="object-fit:cover" title="77% Of Executives See Not Using Blockchain As A Competitive Disadvantage" srcset="https://www.demandsage.com/wp-content/uploads/2024/01/77-Of-Executives-See-Not-Using-Blockchain-As-A-Competitive-Disadvantage.png 949w, https://www.demandsage.com/wp-content/uploads/2024/01/77-Of-Executives-See-Not-Using-Blockchain-As-A-Competitive-Disadvantage-300x126.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/77-Of-Executives-See-Not-Using-Blockchain-As-A-Competitive-Disadvantage-768x321.png 768w" sizes="(max-width: 949px) 100vw, 949px" /></noscript></figure> <p><strong>The following table includes details about the most popular blockchains among the top 100 public companies. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Blockchain</th><th class="has-text-align-left" data-align="left">Number Of Top Companies Who Use It </th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Hyperledger Fabric</td><td class="has-text-align-left" data-align="left">26</td></tr><tr><td class="has-text-align-left" data-align="left">Ethereum</td><td class="has-text-align-left" data-align="left">18</td></tr><tr><td class="has-text-align-left" data-align="left">Quorum</td><td class="has-text-align-left" data-align="left">11</td></tr><tr><td class="has-text-align-left" data-align="left">Corda</td><td class="has-text-align-left" data-align="left">8</td></tr><tr><td class="has-text-align-left" data-align="left">Mediledger</td><td class="has-text-align-left" data-align="left">3</td></tr><tr><td class="has-text-align-left" data-align="left">AxCore</td><td class="has-text-align-left" data-align="left">3</td></tr><tr><td class="has-text-align-left" data-align="left">Other</td><td class="has-text-align-left" data-align="left">12</td></tr></tbody></table></figure> <p>Source: Zippia. </p> <h2 class="wp-block-heading"><strong>Blockchain Spending And Adoption</strong></h2> <p>With the increase in the adoption of blockchain, its spending worldwide is forecasted to reach $19 billion in 2024. However, in 2017, the spending on blockchain solutions was recorded to be just $0.95 billion.</p> <p>Hence, the industry is forecasted to witness an increase of $18 billion in spending in just seven years. </p> <p>Here are further details about the adoption and spending on blockchain technology.</p> <h3 class="wp-block-heading"><strong>The Global Spending On Blockchain Solutions Is Predicted To Reach $19 Billion In 2024</strong></h3> <p>In the year 2021, worldwide spending on blockchain solutions was recorded to be just $6.6 billion. Hence, the spending on blockchain solutions is predicted to increase by over $12 billion in just 3 years.</p> <p><strong>The following table displays the global spending recorded over the years for blockchain solutions. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Year</th><th class="has-text-align-left" data-align="left">Worldwide Spending On Blockchain Solutions </th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">2024</td><td class="has-text-align-left" data-align="left">$19 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2023</td><td class="has-text-align-left" data-align="left">$12.4 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2022</td><td class="has-text-align-left" data-align="left">$7.4 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2021</td><td class="has-text-align-left" data-align="left">$6.6 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2020</td><td class="has-text-align-left" data-align="left">$4.5 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2019</td><td class="has-text-align-left" data-align="left">$2.7 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2018</td><td class="has-text-align-left" data-align="left">$1.5 billion</td></tr><tr><td class="has-text-align-left" data-align="left">2017</td><td class="has-text-align-left" data-align="left">$0.95 billion</td></tr></tbody></table></figure> <p><strong>Source: </strong><a href="https://www.statista.com/statistics/800426/" target="_blank" rel="noreferrer noopener nofollow">Statista</a>. </p> <h3 class="wp-block-heading"><strong>Almost 3 In 10 Organizations In The Banking Sector Have Adopted Blockchain Technology </strong></h3> <p>Over 90% of the banks in the United States and Europe have started blockchain-related projects. This has boosted the usage of blockchain in the banking sector.</p> <p>As a result, Banking is the sector with the highest distribution of blockchain market value.</p> <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="948" height="497" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20948%20497'%3E%3C/svg%3E" alt="Distribution Of Blockchain Market Value By Sector" class="wp-image-32673" style="object-fit:cover" title="Distribution Of Blockchain Market Value By Sector" data-lazy-srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Distribution-Of-Blockchain-Market-Value-By-Sector.png 948w, https://www.demandsage.com/wp-content/uploads/2024/01/Distribution-Of-Blockchain-Market-Value-By-Sector-300x157.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Distribution-Of-Blockchain-Market-Value-By-Sector-768x403.png 768w" data-lazy-sizes="(max-width: 948px) 100vw, 948px" data-lazy-src="https://www.demandsage.com/wp-content/uploads/2024/01/Distribution-Of-Blockchain-Market-Value-By-Sector.png" /><noscript><img decoding="async" width="948" height="497" src="https://www.demandsage.com/wp-content/uploads/2024/01/Distribution-Of-Blockchain-Market-Value-By-Sector.png" alt="Distribution Of Blockchain Market Value By Sector" class="wp-image-32673" style="object-fit:cover" title="Distribution Of Blockchain Market Value By Sector" srcset="https://www.demandsage.com/wp-content/uploads/2024/01/Distribution-Of-Blockchain-Market-Value-By-Sector.png 948w, https://www.demandsage.com/wp-content/uploads/2024/01/Distribution-Of-Blockchain-Market-Value-By-Sector-300x157.png 300w, https://www.demandsage.com/wp-content/uploads/2024/01/Distribution-Of-Blockchain-Market-Value-By-Sector-768x403.png 768w" sizes="(max-width: 948px) 100vw, 948px" /></noscript></figure> <p><strong>The following table displays the distribution of blockchain market value by sector. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Sector</th><th class="has-text-align-left" data-align="left">Market Share</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Banking</td><td class="has-text-align-left" data-align="left">29.7%</td></tr><tr><td class="has-text-align-left" data-align="left">Process manufacturing</td><td class="has-text-align-left" data-align="left">11.4%</td></tr><tr><td class="has-text-align-left" data-align="left">Discrete manufacturing</td><td class="has-text-align-left" data-align="left">10.9%</td></tr><tr><td class="has-text-align-left" data-align="left">Professional services</td><td class="has-text-align-left" data-align="left">6.6%</td></tr><tr><td class="has-text-align-left" data-align="left">Retail</td><td class="has-text-align-left" data-align="left">6%</td></tr><tr><td class="has-text-align-left" data-align="left">Others</td><td class="has-text-align-left" data-align="left">35.3%</td></tr></tbody></table></figure> <h3 class="wp-block-heading"><strong>India Has The Highest Blockchain Adoption Rates Worldwide, With A Global Crypto Adoption Rate Of 1</strong></h3> <p>Nigeria and Vietnam follow India on the list and take up second and third place, respectively. </p> <p>The United States ranks 4th in blockchain adoption, while the United Kingdom ranks 14th with global crypto adoption rates of 0.37 and 0.12, respectively.</p> <p>Note that the highest crypto adoption rate is 1. </p> <p><strong>Here are further details about the countries with the highest blockchain adoption rates worldwide. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Ranking</th><th class="has-text-align-left" data-align="left">Country </th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">1</td><td class="has-text-align-left" data-align="left">India</td></tr><tr><td class="has-text-align-left" data-align="left">2</td><td class="has-text-align-left" data-align="left">Nigeria</td></tr><tr><td class="has-text-align-left" data-align="left">3</td><td class="has-text-align-left" data-align="left">Vietnam</td></tr><tr><td class="has-text-align-left" data-align="left">4</td><td class="has-text-align-left" data-align="left">United States</td></tr><tr><td class="has-text-align-left" data-align="left">5</td><td class="has-text-align-left" data-align="left">Ukraine</td></tr><tr><td class="has-text-align-left" data-align="left">6</td><td class="has-text-align-left" data-align="left">Philippines</td></tr><tr><td class="has-text-align-left" data-align="left">7</td><td class="has-text-align-left" data-align="left">Indonesia</td></tr><tr><td class="has-text-align-left" data-align="left">8</td><td class="has-text-align-left" data-align="left">Pakistan</td></tr><tr><td class="has-text-align-left" data-align="left">9</td><td class="has-text-align-left" data-align="left">Brazil</td></tr><tr><td class="has-text-align-left" data-align="left">10</td><td class="has-text-align-left" data-align="left">Thailand</td></tr><tr><td class="has-text-align-left" data-align="left">11</td><td class="has-text-align-left" data-align="left">China</td></tr></tbody></table></figure> <p><strong>Source: </strong><a href="https://www.chainalysis.com/blog/2023-global-crypto-adoption-index/" target="_blank" rel="noreferrer noopener nofollow">Chainanalysis</a>, <a href="https://www.statista.com/chart/30867/" target="_blank" rel="noreferrer noopener nofollow">Statista</a>. </p> <h2 class="wp-block-heading"><strong>Crypto Fraud Statistics</strong></h2> <p>With the rise in the usage and adoption of blockchain and crypto, the number of cybercrimes has increased rapidly. </p> <p>AI-powered phishing scams, BRC-20 exploits, and new smart contract vulnerabilities are some of the biggest threats that crypto projects and investors are likely to face in 2024.</p> <h3 class="wp-block-heading"><strong>Crypto Users Lost $1.8 Billion In 2023 To Hacks And Scams</strong></h3> <p>The number of single incidents increased by 90%, from 168 in 2022 to 319 in 2023.</p> <p>A total of $1.6 billion was lost as a result of hacks in 247 incidents, while fraud accounted for $103 million lost in 110 incidents.</p> <p>The third quarter of 2023 proved to be the most disastrous, accounting for a third of all losses registered during the year.</p> <p>Besides, in terms of monthly losses, the highest was recorded in November at $343 million.</p> <p>However, 13.5% of the stolen funds, or around $231.7 million, had been recovered in 19 cases.</p> <p><strong>Here are further details about the months in 2023 that witnessed the highest losses to crypto frauds.</strong></p> <ol class="wp-block-list"> <li>November: $343 million lost </li> <li>September: $340 million lost </li> <li>July: $320 million lost</li> </ol> <p><strong>Source: </strong><a href="https://www.theblock.co/post/269349/crypto-users-lost-1-8-billion-in-2023-hacks-and-scams-immunefi-says" target="_blank" rel="noreferrer noopener nofollow">The Block</a>. </p> <h3 class="wp-block-heading"><strong>The Cryptocurrency Losses That Occurred In 2023 Decreased By 54% Compared To 2022</strong></h3> <p><a href="https://www.demandsage.com/cybersecurity-statistics/" target="_blank" rel="noreferrer noopener">Cybercriminals stole a record $3.8 billion</a> in cryptocurrency in 2022. Meanwhile, the theft of $1.8 billion was recorded in 2023. </p> <p>The losses in 2022 witnessed a 15% increase than the previous year. In 2021, $3.3 billion worth of cryptocurrency was stolen by cybercriminals. </p> <p>Besides, there were 198 reported crypto thefts in 2022. A 45% increase compared to last year. A total of 136 cases of crypto thefts were recorded in 2021. </p> <p><strong>Source: </strong><a href="https://blog.chainalysis.com/reports/2022-biggest-year-ever-for-crypto-hacking/" target="_blank" rel="noreferrer noopener nofollow">Chainanalysis</a>, <a href="https://www.comparitech.com/crypto/biggest-cryptocurrency-heists/" target="_blank" rel="noreferrer noopener nofollow">Comparitech</a>. </p> <h3 class="wp-block-heading"><strong>Ronin Network Faced A Loss Of $620 Million In March 2022</strong></h3> <p>This was the biggest cryptocurrency heist of all time.</p> <p>A senior engineer in Ronin Network downloaded a PDF file containing spyware. This gave the attacker control of four of the network’s private validator keys.</p> <p>As a result, the cybercriminals stole more than 173,000 Ethereum, worth $595 million at the time, plus another $25.5 million from a bank account.</p> <p>Some of the other biggest cryptocurrency heists of all time are Poly Network, Binance, Coincheck, and more.</p> <p><strong>The following table includes further details about them.</strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Cryptocurrency Heists </th><th class="has-text-align-left" data-align="left">Loss Occurred</th><th class="has-text-align-left" data-align="left">Date</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Ronin Network</td><td class="has-text-align-left" data-align="left">$620 million </td><td class="has-text-align-left" data-align="left">March 2022</td></tr><tr><td class="has-text-align-left" data-align="left">Poly Network</td><td class="has-text-align-left" data-align="left">$610 million</td><td class="has-text-align-left" data-align="left">August 2021</td></tr><tr><td class="has-text-align-left" data-align="left">Binance</td><td class="has-text-align-left" data-align="left">$570 million </td><td class="has-text-align-left" data-align="left">October 2022</td></tr><tr><td class="has-text-align-left" data-align="left">Coincheck</td><td class="has-text-align-left" data-align="left">$534 million</td><td class="has-text-align-left" data-align="left">January 2018</td></tr><tr><td class="has-text-align-left" data-align="left">Mt. Gox</td><td class="has-text-align-left" data-align="left">$470 million</td><td class="has-text-align-left" data-align="left">February 2014</td></tr></tbody></table></figure> <p><strong>Source:</strong> <a href="https://withpersona.com/blog/cryptocurrency-theft-statistics" target="_blank" rel="noreferrer noopener nofollow">Persona</a>. </p> <h2 class="wp-block-heading"><strong>Bitcoin Statistics</strong></h2> <p>Bitcoin is one of the most popular cryptocurrencies, with a market cap of more than $964.71 billion.</p> <p>Its current price is over around $44,000. Analysts at Blockware Solutions predict that the 2024 Bitcoin halving could cause the price to reach $400,000.</p> <p>Let’s take a closer look at the latest figures related to Bitcoin. </p> <h3 class="wp-block-heading"><strong>Bitcoin’s Market Cap Is $944.71 Billion</strong></h3> <p>This is approximately over 45% of the total cryptocurrency market value. The value of all existing cryptocurrencies is around $1.05 trillion.</p> <p><strong>Source: </strong><a href="https://www.bankrate.com/investing/cryptocurrency-statistics/" target="_blank" rel="noreferrer noopener nofollow">Bankrate</a>. </p> <h3 class="wp-block-heading"><strong>An Average Of More Than 400K Transactions Takes Place Daily On The Blockchain Of Bitcoin</strong></h3> <p>Bitcoin transaction volume was highest in December 2023 at the current time. Bitcoin generally has a higher transaction volume than other cryptocurrencies, except Ethereum. </p> <p>It is often processed more than one million times per day.</p> <p><strong>The following table displays the average daily transactions recorded on the Bitcoin blockchain over the months. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Month, Year</th><th class="has-text-align-left" data-align="left">Number Of Daily Transactions On The Blockchain Of Bitcoin</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Jun 2024</td><td class="has-text-align-left" data-align="left">737,521</td></tr><tr><td class="has-text-align-left" data-align="left">May 2024</td><td class="has-text-align-left" data-align="left">713,689</td></tr><tr><td class="has-text-align-left" data-align="left">Apr 2024</td><td class="has-text-align-left" data-align="left">501,881</td></tr><tr><td class="has-text-align-left" data-align="left">Mar 2024</td><td class="has-text-align-left" data-align="left">315,001</td></tr><tr><td class="has-text-align-left" data-align="left">Feb 2024</td><td class="has-text-align-left" data-align="left">407,609</td></tr><tr><td class="has-text-align-left" data-align="left">Jan 2024</td><td class="has-text-align-left" data-align="left">460,379</td></tr><tr><td class="has-text-align-left" data-align="left">Dec 2023</td><td class="has-text-align-left" data-align="left">724,837</td></tr><tr><td class="has-text-align-left" data-align="left">Nov 2023</td><td class="has-text-align-left" data-align="left">410,936</td></tr><tr><td class="has-text-align-left" data-align="left">Oct 2023</td><td class="has-text-align-left" data-align="left">437,895</td></tr><tr><td class="has-text-align-left" data-align="left">Sep 2023</td><td class="has-text-align-left" data-align="left">280,334</td></tr><tr><td class="has-text-align-left" data-align="left">Aug 2023</td><td class="has-text-align-left" data-align="left">433,684</td></tr><tr><td class="has-text-align-left" data-align="left">Jul 2023</td><td class="has-text-align-left" data-align="left">446,746</td></tr><tr><td class="has-text-align-left" data-align="left">Jun 2023</td><td class="has-text-align-left" data-align="left">446,825</td></tr><tr><td class="has-text-align-left" data-align="left">May 2023</td><td class="has-text-align-left" data-align="left">421,021</td></tr><tr><td class="has-text-align-left" data-align="left">Apr 2023</td><td class="has-text-align-left" data-align="left">561,448</td></tr><tr><td class="has-text-align-left" data-align="left">Mar 2023</td><td class="has-text-align-left" data-align="left">308,895</td></tr><tr><td class="has-text-align-left" data-align="left">Feb 2023</td><td class="has-text-align-left" data-align="left">335,341</td></tr><tr><td class="has-text-align-left" data-align="left">Jan 2023</td><td class="has-text-align-left" data-align="left">312,359</td></tr></tbody></table></figure> <p><strong>Source: </strong><a href="https://www.statista.com/statistics/730806/" target="_blank" rel="noreferrer noopener nofollow">Statista</a>.</p> <h3 class="wp-block-heading"><strong>Bitcoin’s Blockchain Size Almost Reached 500 Gigabytes In 2023</strong></h3> <p>In August 2023, the Bitcoin’s blockchain size was 493.28 GB. The database saw exponential growth by nearly one gigabyte every few days. </p> <p><strong>Here are further details about the size of the Bitcoin blockchain over the months.</strong></p> <ul class="wp-block-list"> <li>Jul 2023: 488.2 GB</li> <li>Jun 2023: 480.74GB</li> <li>May 2023: 473.51 GB</li> <li>Apr 2023: 465.84 GB</li> <li>Mar 2023: 458.38 GB</li> <li>Feb 2023: 448.96 GB</li> <li>Jan 2023: 440.76 GB</li> <li>Dec 2022: 435.43 GB</li> <li>Nov 2022: 430.28 GB</li> <li>Oct 2022: 424.91 GB</li> <li>Sep 2022: 419.67 GB</li> <li>Aug 2022: 414.6 GB</li> </ul> <p><strong>Source:</strong> Statista. </p> <h2 class="wp-block-heading"><strong>Ethereum Statistics </strong></h2> <p>Ethereum is the next most popular blockchain worldwide, with a current price of $ 2,249.30 per ETH. Its market cap is $ 270.33 billion.</p> <p>Here are further details about Ethereum. </p> <h3 class="wp-block-heading"><strong>There Are 129.17 Million ETH In Circulation</strong></h3> <p>Unlike Bitcoin, which has a limited supply, Ethereum has an infinite supply.</p> <figure class="wp-block-table is-style-stripes"><table><thead><tr><th class="has-text-align-left" data-align="left">Total Ethereum (sum of all currently existing Ethereum)</th><th class="has-text-align-left" data-align="left">129,171,125 ETH</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">Ethereums sent avg. per hour (last 24h)</td><td class="has-text-align-left" data-align="left">58,359 ETH ($133,018,166)</td></tr><tr><td class="has-text-align-left" data-align="left">Avg. Transaction Value (last 24h)</td><td class="has-text-align-left" data-align="left">1.27 ETH ($2,898)</td></tr><tr><td class="has-text-align-left" data-align="left">Median Transaction Value</td><td class="has-text-align-left" data-align="left">0 ETH ($0)</td></tr><tr><td class="has-text-align-left" data-align="left">Avg. Transaction Fee</td><td class="has-text-align-left" data-align="left">0.0029 ETH ($6.56)</td></tr></tbody></table></figure> <p><strong>Source: </strong><a href="https://bitinfocharts.com/ethereum/" target="_blank" rel="noreferrer noopener nofollow">Bitinfocharts.</a></p> <h3 class="wp-block-heading"><strong>The Average Ethereum Blockchain Transaction Per Day Was Recorded To Be 1,087.72K</strong></h3> <p>Ethereum is processed over one million times per day in 2022. This figure has stayed relatively stable in recent years. </p> <p><strong>The following table displays the average Ethereum transaction per day recorded over the years. </strong></p> <figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th class="has-text-align-left" data-align="left">Year</th><th class="has-text-align-left" data-align="left">Ethereum Transactions Per Day</th></tr></thead><tbody><tr><td class="has-text-align-left" data-align="left">November</td><td class="has-text-align-left" data-align="left">1,087.72 K</td></tr><tr><td class="has-text-align-left" data-align="left">Oct 2022</td><td class="has-text-align-left" data-align="left">1,063.25 K</td></tr><tr><td class="has-text-align-left" data-align="left">Sep 2022</td><td class="has-text-align-left" data-align="left">1,225.89 K</td></tr><tr><td class="has-text-align-left" data-align="left">Aug 2022</td><td class="has-text-align-left" data-align="left">1,035.14 K</td></tr><tr><td class="has-text-align-left" data-align="left">Jul 2022</td><td class="has-text-align-left" data-align="left">1,158.62 K</td></tr><tr><td class="has-text-align-left" data-align="left">Jun 2022</td><td class="has-text-align-left" data-align="left">1,054.43 K</td></tr><tr><td class="has-text-align-left" data-align="left">May 2022</td><td class="has-text-align-left" data-align="left">1,149.14 K</td></tr><tr><td class="has-text-align-left" data-align="left">Apr 2022</td><td class="has-text-align-left" data-align="left">1,211.67 K</td></tr><tr><td class="has-text-align-left" data-align="left">Mar 2022</td><td class="has-text-align-left" data-align="left">1,167.12 K</td></tr></tbody></table></figure> <p><strong>Source: </strong><a href="https://www.statista.com/statistics/730818/" target="_blank" rel="noreferrer noopener nofollow">Statista.</a> </p> <h2 class="wp-block-heading"><strong>Future Of Blockchain</strong></h2> <p>By 2026, the business value added by blockchain will increase to over $360 billion.</p> <p>Further, by 2030, it will surpass the value of $3.1 trillion.</p> <p>Hence, with current and future trends, blockchain is predicted to make a big revolution in the coming decades.</p> <p><strong>Apart from that, blockchain will play a major role in the following 5 areas in the upcoming years.</strong></p> <ul class="wp-block-list"> <li>Cybersecurity</li> <li>Government </li> <li>Finance – Banking</li> <li>Medical</li> <li>Marketing.</li> </ul> <p>Furthermore, in 2024, <a href="https://www.demandsage.com/artificial-intelligence-statistics/" target="_blank" rel="noreferrer noopener">the integration of AI</a>, blockchain, and virtual reality is expected to lead to a future of digital interaction.</p> <p><strong>Source:</strong> <a href="https://www.gartner.com/en/doc/3855708-digital-disruption-profile-blockchains-radical-promise-spans-business-and-society" target="_blank" rel="noreferrer noopener nofollow">Gartner</a>, <a href="https://bap-software.net/en/knowledge/future-of-blockchain/" target="_blank" rel="noreferrer noopener nofollow">BAP Software.</a></p> <h3 class="wp-block-heading"><strong>Conclusion: More Than 300 Million People Are Using Blockchain!</strong></h3> <p>The blockchain market continues to grow rapidly, with its value reaching $26.91 billion in 2024. Despite only 3.9% of the global population using blockchain, there are over 300 million users worldwide. </p> <p>The technology is gaining traction in business, with 90% of surveyed companies deploying blockchain in some capacity. While cryptocurrency adoption is increasing, with 617 million users in 2024, the sector faces ongoing challenges from scams and hacks. As blockchain integration expands across industries, its business value is projected to surpass $3.1 trillion by 2030.</p> <div class="conv-place conv-place_after_post"></div> </div><!-- .entry-content .clear --> </div> </article><!-- #post-## --> <div class=" ast-single-author-box ast-author-container--left ast-author-box-position--outside" itemprop="author" itemscope itemtype="https://schema.org/Person" > <div class="ast-author-meta"> <div class="about-author-title-wrapper"> <h3 class="about-author">About The Author</h3> </div> <div class="ast-author-details"> <div class="post-author-avatar"><img alt='' src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20100%20100'%3E%3C/svg%3E" data-lazy-srcset='https://secure.gravatar.com/avatar/39e4b21a732ea03546c8a874e3bbc013?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo' height='100' width='100' decoding='async' data-lazy-src="https://secure.gravatar.com/avatar/39e4b21a732ea03546c8a874e3bbc013?s=100&d=mm&r=g"/><noscript><img alt='' src='https://secure.gravatar.com/avatar/39e4b21a732ea03546c8a874e3bbc013?s=100&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/39e4b21a732ea03546c8a874e3bbc013?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo' height='100' width='100' decoding='async'/></noscript></div> <div class="post-author-bio"> <a class="url fn n" href="https://www.demandsage.com/author/naveen/" itemprop="url" rel="author" target="_self"> <h4 class="author-title" itemprop="name">Naveen Kumar</h4> </a> <div class="post-author-desc">Naveen Kumar is a Data and Statistical expert at DemandSage. 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