{"id":3270,"date":"2021-05-07T18:54:40","date_gmt":"2021-05-07T18:54:40","guid":{"rendered":"https:\/\/techpricecrunch.com\/?post_type=blog&p=3270"},"modified":"2024-02-15T05:34:09","modified_gmt":"2024-02-15T05:34:09","slug":"blockchain-statistics","status":"publish","type":"blog","link":"https:\/\/techpricecrunch.com\/blog\/blockchain-statistics\/","title":{"rendered":"34 Most Important Blockchain Statistics in 2024"},"content":{"rendered":"
Blockchain is a technology that became popular after the launch of Bitcoin. It is basically a list of records (blocks of data) that are interconnected by the use of cryptographic hash, timestamp, and transaction data.<\/p>\n
Blockchain is an excellent way of storing data since it is decentralized and nearly impossible to tamper with. That\u2019s the reason why it was used in cryptocurrency development. If you want to learn more about this technology through the latest blockchain statistics, keep reading the text below.<\/p>\n
(BBVA)<\/p>\n
Some of the latest data (2019) show that there are approximately 2.77 billion social media users in the world. The implementation of blockchain technology in social media platforms will lead to a better and safer online environment. This move should solve all problems regarding privacy violations, data control, scandals, and content relevance.<\/p>\n
(BBVA)<\/p>\n
Among other blockchain trends in 2020, one of the most important was the expectation that approximately eight out of ten financial institutions would start using this new technology in their businesses. Another 82% should increase their FinTech partnerships within the next few years. This means that traditional banking operations are willing to change the course, thanks to blockchain.<\/p>\n
(BBVA)<\/p>\n
We\u2019ve mentioned above that one of the most important blockchain benefits is data privacy. This is very interesting to the governments, and it can be expected that around 1 billion people will have some data on them stored on blockchain by 2022. The downside is that those people probably won\u2019t be aware of this.<\/p>\n
(BBVA)<\/p>\n
Among companies using blockchain technology are the ones that are developing and selling IoT (Internet of Things) products. Implementing blockchain in IoT architecture will help decentralize a network of 26 billion devices, making them safer, and that will be a great leap forward for this industry. It is good to know that, at the moment, approximately 60% of US households already use at least one device connected by IoT apps.<\/p>\n
(BBVA, Statista)<\/p>\n
According to the gathered blockchain facts in 2020, it became obvious that AI and blockchain are going hand in hand. The global AI market will reach $341.8 billion in 2021<\/a>, and every other business (51%) will migrate to AI using blockchain integration. This action will improve machine learning, and AI will become more understandable and coherent.<\/p>\n Now that you\u2019re informed about current trends, it would be valuable to learn something about the future of this industry. The market will keep changing in years to come, and blockchain will become an integral part of almost every business conducted online.<\/p>\n (YourTechDiet)<\/p>\n Blockchain may be one of the biggest breakthroughs in technology, and that\u2019s why it isn\u2019t surprising that this industry will reach up to $60.7 billion by 2024. The benefits of blockchain growth and implementation will be detected in various industries, and it is yet to be seen how it will affect the global economy.<\/p>\n (AiThority)<\/p>\n According to the latest blockchain statistics, the United States is taking the lead when it comes to investing in this technology. Namely, the country plans to spend up to $4.2 billion on blockchain solutions and architecture by 2022. This is a big step forward compared to 2019, when investments in the blockchain were around $1.1 billion.<\/p>\n (YourTechDiet)<\/p>\n The blockchain industry is growing around the globe, which is best illustrated by China\u2019s efforts to compete with the US when it comes to investing in this technology. China plans to spend up to $1.42 billion on blockchain architecture by 2022.<\/p>\n (TheBlockBox)<\/p>\n By looking at the upcoming healthcare blockchain statistics, we\u2019ve discovered that the health industry plans to incorporate blockchain in its applications in the near future. Namely, 55% of healthcare applications will be using blockchain architecture by 2025. By the same year, the money invested in blockchain in healthcare should increase from $170 million to $5.61 billion.<\/p>\n (Medium)<\/p>\n The food industry and the market it covers are changing under new technologies as well. While talking about blockchain adoption by industry, we should mention the one producing and selling food. One of the biggest markets in the world, the agriculture and food market, will contribute to the market value of blockchain up to $1.4 billion by 2028.<\/p>\n <\/p>\n The cryptocurrency market showed the practical way of using blockchain technology, and the time when the world learned about blockchain was back in 2009 when Bitcoin was released.<\/p>\n Here are some interesting findings on this cryptocurrency and its trends.<\/p>\n (Coin Dance)<\/p>\n If we want to learn about the Bitcoin adoption rate, we should say that this cryptocurrency is legal or unrestricted in 131 of 257 countries or regions. Keep in mind that these numbers are changing, so it\u2019s just a matter of time when the entire world will accept Bitcoin as a currency.<\/p>\n (Coin Dance)<\/p>\n According to crypto stats, some niches are more interested in Bitcoin than others. Financial and investment services are first on the list, and this part of the market is using 8.14% of the entire Bitcoin volume. They\u2019re followed by software at 3.72% and banking services at 3.3%.<\/p>\n (Coin Dance)<\/p>\n According to the gathered data about cryptocurrency demographics, it is obvious that Bitcoin is mainly used by males. Namely, 85.77% of all users engaged in Bitcoin are men, while only 14.23% are women. This difference may get lower in the future when this cryptocurrency gets more accepted by wider society.<\/p>\n (Coin Dance)<\/p>\n One of the most interesting facts about cryptocurrency is that the majority of people using Bitcoin are 25-34 years old (41.35%). This age group is followed by those between 35 and 44 years old (20.16%) and those between 18 and 24 (16.65%) years old.<\/p>\n (Coin Dance)<\/p>\n According to the latest Bitcoin stats, we can conclude with certainty that Bitcoin is dominating the crypto market. This currency holds a 61.92% share in the whole market, and this probably happened because Bitcoin was the first cryptocurrency ever released.<\/p>\n (Coin Dance)<\/p>\n The latest Ethereum blockchain statistics show that this cryptocurrency is the second largest when it comes to its share in the whole crypto market. As of mid-February 2021, Ethereum holds a 14.23% share in the cryptocurrency market, and is followed by Tether with 2.17%.<\/p>\n (Coin Dance)<\/p>\n According to the gathered Litecoin blockchain statistics, this currency holds 1% of the whole crypto market, and is one of the biggest ones besides XRP (1.85%), Cardano (1.81%), Polkadot (1.73%), and Binance Coin (1.4%). All other coins hold a share of 13.89% of the crypto market.<\/p>\n (Investopedia)<\/p>\n Some cryptocurrency blockchain statistics suggest that the cryptocurrency market is getting bigger every day and currently has more than 2,500 different currencies available. However, not all of them provide any real value that the top 100 do. Of course, it is obvious that Bitcoin is king at the moment, but we\u2019ll see what will happen in the future and if any other crypto will dethrone it.<\/p>\n (Statista)<\/p>\n By the end of February 2021, the size of the Bitcoin blockchain got up to 330 GB. This blockchain was increasing very fast since the day Bitcoin was launched back in 2009. For example, back in 2017, the Bitcoin blockchain was around 122 GB large, which means it nearly tripled in only three years.<\/p>\n (Ycharts)<\/p>\n The current Bitcoin blockchain size shows the neverending rise, and it got up to 343.2 GB in May 2020. These numbers are getting bigger daily, and this trend will continue in the future, even after the last of 21 million Bitcoins is mined. It is obvious that the current size of blockchain and mining difficulty will also increase in time, while more and more hard drive storage space will be needed for Bitcoin blockchain.<\/p>\n (Statista)<\/p>\n When we take a look at the number of Bitcoin transactions per day, we can see the lasting trend of approximately 340,000 daily transactions. More precisely, in February 2021, there were about 340,000 transactions daily.<\/p>\n Compared with the same period in 2017, when there were around 328,000 daily transactions, we can conclude that blockchain usage has a steady trend that is not varying a lot. This is important for any cryptocurrency, but especially for those that are yet to be used on a large scale.<\/p>\n (York Solutions)<\/p>\n When asked if the implementation of blockchain will make their industry better, 64% of professionals answered affirmatively. It should be mentioned that 70% of those professionals have never used blockchain before, but they\u2019re willing to try it and improve their businesses.<\/p>\n (York Solutions)<\/p>\n Blockchain growth projections undoubtedly suggest that this technology will be implemented in various industries, and the value it can generate will be somewhere around $360 billion. This should happen by 2026. When compared with the projected $10 billion by 2022, it is easy to conclude that blockchain won\u2019t stop penetrating the business area.<\/p>\n (York Solutions)<\/p>\n Other blockchain usage statistics suggest that the effect of blockchain implementation in business will help those companies increase their value. If current trends continue, businesses will earn up to $3.1 trillion by 2030, thanks to blockchain implementation.<\/p>\n (Business Wire)<\/p>\n Blockchain market analysis, and especially the analysis of the Blockchain-as-a-Service market, shows a great increase in the past couple of years. In 2019, this market was valued at $420.5 billion, and it is expected to get to $982.8 billion by 2025. This is an increase of 15.2% over the period between 2020 and 2025, which is more than good.<\/p>\n (MarketsandMarkets)<\/p>\n Almost every piece of gathered data suggests that blockchain will keep spreading in the years to come. When it comes to global blockchain market statistics, we can also spot big jumps when it comes to its value. For example, the market worth in 2020 was around $3 billion, and it will go up to nearly $40 billion by 2025. This means that it will grow by 67.3% over the next five years.<\/p>\n (Statista)<\/p>\n According to gathered blockchain funding statistics, it is obvious that this branch of blockchain is also recording a big increase. A lot of companies decided to invest in technology when it appeared. During 2012, investments toward blockchain architecture were around $1 million, and by the end of 2018, they went up to $4.15 billion.<\/p>\n (Built In)<\/p>\n Some of the latest blockchain statistics show that IBM is leading when it comes to investing in research and development of blockchain technology. It already spent over $200 million for this purpose and helped approximately 220 businesses to develop applications and data governance tools that are based on blockchain.<\/p>\n (Dot Com Infoway)<\/p>\n The obvious benefits of blockchain technology, especially those concerning security and privacy, attracted banks all over the world to start experimenting with blockchain. Namely, 69% of all banks in the world are currently looking for the best ways of implementing blockchain technology into their systems. It is also stated that 33% of bankers expect commercial blockchain adoption in 2021.<\/p>\n (Reuters)<\/p>\n According to gathered blockchain adoption statistics and feedback from banks, it looks like implementing this technology will increase their revenue. It is projected that banks using blockchain architecture will save between $8 and $12 billion every year, and this should decrease infrastructure costs by 30%.<\/p>\n (ICTworks)<\/p>\n Besides obvious benefits, there are, unfortunately, some blockchain risk statistics. There are some downsides when it comes to cryptocurrency, and one of them is that they\u2019re not as regulated as other traditional assets. Namely, one user hacked an organization that held great amounts of Ethereum and withdrew $50 million back in 2016, which significantly dropped the value of this cryptocurrency. This was one of the reasons why the Ethereum community created a new cryptocurrency \u2014 Ethereum Classic.<\/p>\n (CNBC)<\/p>\n It is time to check some blockchain developer statistics, and it looks that learning this technology can bring you some nice cash. Since 2017, demand for these profiles increased by 400%. Blockchain developer salary is one of the highest in the industry and varies between $150,000 and $175,000 annually. This data is gathered from the United States\u2019 companies.<\/p>\n (The Enterprisers Project)<\/p>\n While going through gathered blockchain stats that concern those in search of jobs in this industry, we\u2019ve found that 37% of available blockchain-related jobs are remote-friendly. This is much higher compared to other companies. Namely, only 15% of them will allow you to work from home or other remote places.<\/p>\n (The Enterprisers Project)<\/p>\n While looking at statistics about the blockchain and searching for companies working on this technology, we\u2019ve found that when you search for \u2018blockchain\u2019 in LinkedIn, you\u2019ll be prompted with approximately 9,500 open positions. This number varies daily, but you can rest assured that your skillset will be paid well if you\u2019re a blockchain developer.<\/p>\n It is clear by now that blockchain technology is changing the world of business, and its highest capacities are yet to be seen. Until then, it would be great to hop on this train and learn as much as you can about this innovative technology.<\/p>\n The data we\u2019ve shared is a good starting point for anybody who wants to get educated on this topic and maybe become a blockchain developer.<\/p>\n According to some data, it looks like only 0.5% of the world\u2019s population is using blockchain-related technology. When we take into consideration that almost 50% of the population has access to the internet, this number looks even smaller. This will probably change in the future once cryptocurrencies become mainstream.<\/p>\n There are numerous blockchain platforms at the moment, such as Ethereum, Ripple, Corda, OpenLedger, EOS, Hyperledger Sawtooth, OpenChain, and many others. IBM, as a company, invested the most in the research and development of blockchain technologies.<\/p>\n While there are some data that suggest there are more than 850 blockchains out there, it is good to know that approximately 100 of them are worth considering investing in. Other blockchains are a lot smaller, and communities around them are just starting to form. The popularity of Bitcoin is keeping all these smaller currencies on the margin, but that might change in the future.<\/p>\n There are basically four types of blockchain:<\/p>\n Yes, of course. While there are more than 30 million software developers in the world, only several hundred thousand are blockchain developers. This technology is young, and this industry is not even near its peak. If you have knowledge required for blockchain development or want to learn the necessary skills, don\u2019t hesitate. There are plenty of sources to learn from, and getting familiar with the latest blockchain statistics is a great starting point.<\/p>\n Sources:<\/p>\n Blockchain is a technology that became popular after the launch of Bitcoin. It is basically a list of records (blocks of data) that are interconnected by the use of cryptographic hash, timestamp, and transaction data. Blockchain is an excellent way of storing data since it is decentralized and nearly impossible to tamper with. That\u2019s the […]<\/p>\n","protected":false},"author":1,"featured_media":3271,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"blog_tag":[],"blog_category":[],"yoast_head":"\nThe Predictions for the Blockchain Market<\/h3>\n
6. The <\/b>blockchain industry<\/b> will reach up to $60.7 billion by 2024.<\/b><\/h4>\n
7. The US will spend up to $4.2 billion on blockchain solutions by 2022.<\/b><\/h4>\n
8. China will spend up to $1.42 billion on the blockchain by 2022.<\/b><\/h4>\n
9. 55% of healthcare applications will be using blockchain by 2025.<\/b><\/h4>\n
10. <\/b>Blockchain market<\/b> value in the food industry will go up to $1.4 billion by 2028.<\/b><\/h4>\n
Latest Cryptocurrency and Bitcoin Statistics<\/h3>\n
11. Bitcoin is unrestricted in 131 of 257 countries and regions.<\/b><\/h4>\n
12. Financial services use 8.14% of Bitcoin volume.<\/b><\/h4>\n
13. 85.77% of Bitcoin users are males.<\/b><\/h4>\n
14. 41.35% of people using Bitcoin are 25 to 34 years old.<\/b><\/h4>\n
15. Bitcoin\u2019s dominance in the crypto market is 61.92% as of mid-February 2021.<\/b><\/h4>\n
16. Ethereum holds a 14.23% share in the crypto market.<\/b><\/h4>\n
17. 1% of the crypto market goes to Litecoin.<\/b><\/h4>\n
18. There are more than a couple of thousands of cryptocurrencies available on the market.<\/b><\/h4>\n
19. The Bitcoin blockchain size was approximately 330 GB in February 2021.<\/b><\/h4>\n
20. The Bitcoin blockchain got up to 343.2 GB in May 2021.<\/b><\/h4>\n
21. Approximately 340,000 Bitcoin transactions were recorded daily in February 2021.<\/b><\/h4>\n
Other Important Blockchain Trends and Statistics<\/h3>\n
22. 64% of professionals think that using blockchain will positively affect their industry.<\/b><\/h4>\n
23. Business value added by blockchain will grow up to $360 billion by 2026.<\/b><\/h4>\n
24. Businesses will earn up to $3.1 trillion by 2030, thanks to blockchain.<\/b><\/h4>\n
25. The Blockchain-as-a-Service market will go up to $982.8 billion by 2025.<\/b><\/h4>\n
26. The global <\/b>blockchain market<\/b> will grow by 67.3% between 2020 and 2025.<\/b><\/h4>\n
27. Investments in blockchain went from $1 million in 2012 to $4.15 billion in 2018.<\/b><\/h4>\n
28. IBM invested more than $200 million in blockchain research and development.<\/b><\/h4>\n
29. 69% of banks are currently experimenting with blockchain technology.<\/b><\/h4>\n
30. Banks will save between $8 and $12 billion, thanks to blockchain.<\/b><\/h4>\n
31. Unknown user managed to withdraw $50 million worth of Ethereum.<\/b><\/h4>\n
32. Blockchain developers can make between $150,000 and $175,000 annually.<\/b><\/h4>\n
33. 37% of available blockchain jobs are remote-friendly.<\/b><\/h4>\n
34. There are more than 9,500 blockchain-related jobs in LinkedIn search.<\/b><\/h4>\n
Conclusion<\/h3>\n
FAQ<\/h4>\n
What of the world population uses blockchain?<\/b><\/h5>\n
What is the most popular blockchain?<\/b><\/h5>\n
How many blockchains were there in 2020?<\/b><\/h5>\n
What are the types of blockchain<\/b>?<\/b><\/h5>\n
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Is blockchain worth learning in 2021?<\/b><\/h5>\n
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