Crypto Stats To Bear In Mind: Top Blockchain Facts And Figure Metrics To Consider For 2019
When it comes to Blockchain technology, it has been innovating at a truly rapid pace. Along with the underlying rate of innovation that we are seeing, there is a respective increase in the rate of adoption that comes from companies of varying scales, as well as from individuals interested in blockchain within the space.
Along with this level of adoption, there is a growing volume of jobs, government pilots, projects, as well as the increase in the number of Initial Coin Offerings emerging on the market.
Crypto Stats To Bear In Mind
With a rapid increase in innovation, here are some statistics to bear in mind when it comes to the world of blockchain.
Statistics In The World Of Adoption
These statistics are all the more important in allowing us to understand the rate in which this technology is being applied and used.
- According to Statista in 2018 – The number of Blockchain Wallet users internationally has hit 28 million
- Cointelegraph reported in the same year that there are 11,290 businesses that accept some medium of cryptocurrency at the tail end of 2017.
- BitPay has also reported that Businesses have received a total of $110 million per month in lieu of payments in Bitcoin.
- Currently, BitPay estimated in 2017, 47 percent of merchants that accept Bitcoin are in operation within the USA, while 35 percent operate within Europe, and only 2 percent operate in Latin America.
- 5 percent of residents in the USA are holders of some quantity of Bitcoin, according to The Global Blockchain Council in 2018.
- Overall interest in blockchain over the course of 2018 has shown the greatest rate of growth in Malta, with China and Ghana being close second and third, according to Google Trends in 2018.
- Out of the CIOs active over 2018, only 14 percent of them stated that they were interested in including blockchain in future roadmaps. This is according to Gartner.
- Overall, there are currently 4,000 ATMs dealing in Bitcoin internationally, according to Coin ATM Radar in 2018.
Initial Coin Offerings – The Statistics
These allow us to delve more into the volume as well as valuations of Initial Coin Offerings.
- In total, Coindesk found in 2018, that a total of $22 billion USD was subsequently raised by Initial Coin Offerings.
- ICOs have steadily increased in size in 2018 compared to the previous year. Rising from $15.98 million (2017), increasing to $25.72 million in 2018.
- In June 2018, Coindesk found that ICOs enjoyed their best month on record, drawing in a total of $5.4 Billion over the course of that month.
- EOS still holds the record as the single largest ICO in history. Raising $4.2 billion that would be put towards its proverbial ‘war-chest'.
- In total, the number of Initial Coin Offerings reached a total number of 650 being launched in 2018, nearly doubling when compared to the 343 that were launched over the course of 2017, according to Coindesk.
Bitcoin – The Statistics
This allows us to come to grips with the key milestones and statistics which pertain to the first cryptocurrency on record – Bitcoin.
- In total, BitInfoCharts found in 2018, there were 11 million Bitcoin wallets set up.
- According to Cambridge University in a study from 2017, Bitcoin has a total of 2.5-6 million active users within its ecosystem.
- From January 4th 2018, the total number of transactions on Bitcoin transactions conducted over the course of one day reached a total of 425,000. Which is the highest on record, according to Blockchain.com.
- In December, on the 14th, there was a total of 1.13 million active BTC wallets, which is the highest number in a single day on record – BitInfoCharts in 2018.
- BitInfoCharts has also found that there are 567 Bitcoin Wallets with a combined balance of $10 million
- Overall the single largest amount held within a single wallet totaled 138,661 BTC within Bitfinex
- Coindesk reports that Bitcoin's price managed to reach its all time highest valuation on the 17th of December 2017, reaching a peak at $19,783 precisely before declining.
- At this peak valuation, a single BTC could be used to buy more than 6358 Big Macs, according to BitcoinPPI.
- 48 percent of Bitcoin users range between the age demographics of 25 to 34, according to Coin Dance in 2018.
- In total, mainstream media outlets have announced that Bitcoin was ‘officially dead' a grand total of 320 times, with more likely to come as detractors come forward, according to 99 Bitcoins in 2018.
Blockchain And Jobs – The Statistics
Find out more when it comes to the jobs that were created within the blockchain ecosystem:
- Currently, according to LinkedIn (2018), there are more than 13,309 open vacancies in the blockchain world according to the sites job search tool.
- Out of this number, there are 127 of these roles that allow for ‘remote' work.
- On average, these same Cryptocurrency startup companies pay anywhere from 10 to 20 percent higher salaries when compared to Industry averages in other fields according to AngelList in 2018.
- In total, 61 percent of all vacancies within the field of blockchain are for engineers. The second being for operations personnel.
Blockchain Acquisitions – The Big Hitters
Find out what the single largest and most noteworthy company acquisitions are that have happened in the world of blockchain.
- Fortune reported in 2018 that the acquisition of Poloniex by Circle was believed to be a deal valued at a total of $400 million
- July 2013 saw the sale of Eric Voorhees' gambling site for a total of 126,000 BTC, according to Venture Beat in the same year.
- The Coin Offering reported in 2018 that TRON's purchase of BitTorrent, the peer to peer file sharing ecosystem ran a total of $126 million.
- PRNewswire also reported in 2018 that Tickermaster had successfully acquired Upgraded, the blockchain based Ticketing Solution system.
- FinSME's found that Circle had managed to purchase SeedInvest, which operated as a crowdfunding platform
- Coinbase had managed to acquire Cypher Browser, a previously well known blockchain startup company.
- Coindesk reported on the successful purchase of the blockchain-backed asteroid mining startup company (Planetary Resources) by Coinbase in 2018.
- MediaChain, according to Tech EU in 2017, was successfully acquired by Spotify
- ShapeShift successfully bought KeepKey, the Bitcoin Wallet Startup company – Coindesk 2017
Cryptocurrency Purchases – The Record Holders
Find out some of the biggest single transactions on record so far.
- Laszlo Hanyecz had paid for two Papa Johns Pizzas for a total of 25,000 Bitcoin according to Quartz in 2017.
- Two tickets for space flights on the maiden flight of Virgin Galactic sold for $500,000. And were bought by the Winklevoss Twins – Reuters 2014.
- Peter Saddington, the owner of the Bitcoin Forum purchased a Lamborghini for $200,000 worth of Bitcoin, according to Coin Bureau in 2018.
- Heavy reported in 2014, that a Model S Tesla, valued at $103,000 was bought using Bitcoin in late 2013.
- Coindesk also reported in 2014, that Olivier Janssens managed to pay for a private jet flight from Brussels to Nice using Bitcoin in order to pay the $30-40,000 it cost.
Crypto Transactions – Stats
Find out some of the major bits of data on transactions across some of the big contenders in the cryptocurrency world.
- Some of the highest recorded fees from Bitcoin is from December 30th in 2017, which hit a peak of $41 per conducted transaction, according to CoinMetrics in 2018.
- In 2017, CoinMetrics found that the average transaction fee on Bitcoin throughout the year was 30 cents.
- On November 2018, a single Litecoin transaction of $99 million only cost the user 40 cents, according to Business Insider.
- Over 2018, Ethereum consisted of an average of 23,000 transactions per hour, the most recorded from any cryptocurrency, according to BitInfoCharts.
- The single most valuable crypto transfer on record was back in 2015, when a total of 500,000 Bitcoin was moved from one wallet to another, according to Blockchain 2018.
Blockchain – Enter The Government Pilots
With Blockchain disrupting industries worldwide, where do governments get involved when it comes to blockchain projects.
- The Coin Offering reported that the Republic of Georgia intends to use blockchain as a way to modernize its land registry.
- Switzerland intends to make use of blockchain in order to support its regional voting programs.
- Chile will be leveraging blockchain in order to track energy data.
- Venezuela launched its own oil-backed cryptocurrency called the Petro.
- Deleware, according to The Coin Offering, seeks to allow users to register their businesses on blockchain.
Blockchain Banking – The Statistics
Find out all about the banking industry. While this field if widely portrayed as a dialectical enemy of blockchain technology, banking intends to innovate.
- According to Tech In Asia in 2017, approximately 69 percent of banks worldwide are experimenting, to some extent, with permissioned kinds of blockchains.
- Silicon, reporting in 2017, found that Blockchain had all the potential of saving banks anywhere from $8 to $12 billion on an annual basis.
- Half of banks are collaborating with fintech companies in order to better augment their blockchain capacities.
- In total, 19 financial organizations have since formed a consortium. Allowing them to work with Synaps in order to begin putting together syndicated loans on blockchain systems and solutions, according to the Financial Times in 2017.
- Yahoo Finance reports that in 2017, 75 banks in total worldwide have since incorporated and have since tested out Ripple as a solution for their own international payments solutions.