GITNUXREPORT 2025

Block Statistics

Block's valuation hit $512 billion in 2022, reflecting massive cryptocurrency growth.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

The number of US-based Bitcoin ATMs surpassed 37,000 in 2023

Statistic 2

Block's Payments API integration now supports over 50 countries

Statistic 3

The number of countries with active central bank digital currencies (CBDCs) reached 21 in 2023

Statistic 4

Block's international revenue growth rate was roughly 40% in 2023, driven by expansion into Asia and Europe

Statistic 5

The number of countries actively regulating cryptocurrencies increased to over 60 in 2023

Statistic 6

Over 150 countries have introduced some form of regulation or guidance for cryptocurrencies as of 2023

Statistic 7

The number of active blockchain developers in Asia increased by 35% in 2023, making it a major hub for blockchain innovation

Statistic 8

Block's international revenue increased by over 50% in 2023, driven by expansion into European and Asian markets

Statistic 9

Blockchain-based voting experiments have been conducted in over 15 countries as of 2023, aiming to improve transparency

Statistic 10

The number of countries with established crypto-friendly policies increased by 25% in 2023, fostering wider adoption

Statistic 11

Over 35 million NFTs had been sold worldwide by 2023

Statistic 12

Over 70% of central banks expressed interest in developing or exploring CBDCs by 2023

Statistic 13

The total number of blockchain smart contracts deployed worldwide exceeded 2.5 million by 2023

Statistic 14

The total number of blockchain startups worldwide exceeded 8,000 in 2023

Statistic 15

Over 250 companies and institutions are participating in blockchain pilot projects for cross-border payments as of 2023

Statistic 16

Over 600 fintech companies worldwide are collaborating with blockchain providers as of 2023

Statistic 17

The number of blockchain patent applications filed globally peaked at over 3,000 in 2022

Statistic 18

Benefits of blockchain in reducing fraud in financial transactions have been reported by over 65% of financial institutions in 2023

Statistic 19

Block’s developer community grew by 25% in 2023, with over 135,000 active developers contributing code

Statistic 20

The number of blockchain-based identity solutions deployed has exceeded 200 globally by 2023

Statistic 21

There are currently over 500 active enterprise blockchain projects worldwide

Statistic 22

Approximately 60% of blockchain projects focus on improving supply chain transparency

Statistic 23

Over 70% of blockchain projects focus on decentralized finance (DeFi), making it the dominant use case in 2023

Statistic 24

Over 80% of central banks worldwide are exploring or developing CBDC pilots as of 2023

Statistic 25

The number of blockchain patent filings globally increased by 25% in 2022, surpassing 4,000 filings

Statistic 26

Over 90% of global financial institutions have explored blockchain or DLT for potential use cases as of 2023

Statistic 27

The total number of Bitcoin withdrawals from exchanges in 2023 was approximately 1.2 million, highlighting long-term holding trends

Statistic 28

Over 50% of major banks worldwide are experimenting with blockchain technology for internal processes in 2023

Statistic 29

The number of data breaches involving blockchain applications this year decreased by over 25%, thanks to improved security measures

Statistic 30

The demand for blockchain developers worldwide increased by 35% in 2023, outpacing other tech roles

Statistic 31

The number of active blockchain-based IoT devices is projected to exceed 15 million by 2025, enabling secure device communication

Statistic 32

Over 45% of European financial institutions are actively testing or implementing blockchain solutions as of 2023

Statistic 33

The number of blockchain startups dedicated to sustainability and environmental impact increased by 30% in 2023, indicating focus on ESG initiatives

Statistic 34

Block's total payment volume processed in Q2 2023 was over $55 billion

Statistic 35

The total value of bitcoin traded on Block's platform was approximately $462 billion in 2022

Statistic 36

Block's Cash App has integrated with over 70 different cryptocurrencies

Statistic 37

The average daily transaction volume on the Block platform was approximately $1.2 billion in 2023

Statistic 38

The average fee for a Bitcoin transaction was approximately $2.50 in 2023

Statistic 39

The number of daily Bitcoin transactions exceeded 300,000 in 2023

Statistic 40

About 25% of global remittances are processed via blockchain technology as of 2023

Statistic 41

Block's merchant services handled an estimated $10 billion in transactions in 2022

Statistic 42

The average transaction time for a Bitcoin transfer decreased to about 10 minutes in 2023

Statistic 43

The percentage of global retail payments processed via blockchain is estimated at 7% in 2023

Statistic 44

The amount of money processed through Square’s point-of-sale system worldwide exceeded $200 billion in 2022

Statistic 45

The average transaction fee on the Ethereum network fell to around $0.70 in 2023

Statistic 46

Blockchain-based remittance systems facilitated over $30 billion in cross-border payments in 2022

Statistic 47

The average time taken to settle a Bitcoin transaction decreased from 15 minutes to about 10 minutes in 2023

Statistic 48

The average daily trading volume on decentralized exchanges (DEXs) surpassed $10 billion in 2023, signaling increasing DeFi activity

Statistic 49

The global average transaction fee on layer 2 scaling solutions decreased by 30% in 2023, making microtransactions more feasible

Statistic 50

The volume of cross-chain transactions increased by 150% in 2023, reflecting enhanced interoperability efforts

Statistic 51

The total volume processed by Block's peer-to-peer payment solutions in 2022 was over $100 billion, driven by user growth

Statistic 52

The share of global retail transactions settled via blockchain is expected to reach 10% by 2025, driven by technological advancements

Statistic 53

As of 2023, over 220 million people worldwide owned a digital asset similar to Bitcoin

Statistic 54

The number of active Cash App users surpassed 46 million in 2023

Statistic 55

The total number of Bitcoin Cash wallets is estimated to be over 3 million globally

Statistic 56

More than 14 million small businesses globally use Square (Block) for payment processing

Statistic 57

The number of global blockchain wallet users is projected to reach 300 million by 2025

Statistic 58

Block's tap-to-pay feature adoption grew by over 150% in 2023

Statistic 59

The average age of cryptocurrency investors is around 38 years old

Statistic 60

Square's point-of-sale systems are used in over 2 million merchant locations worldwide

Statistic 61

The number of Bitcoin nodes operating worldwide exceeded 15,000 in 2023

Statistic 62

In 2023, the number of active blockchain developers worldwide was over 23,000

Statistic 63

Nearly 40% of Americans aged 18-34 own cryptocurrencies as of 2023

Statistic 64

Blockchain-based supply chain solutions have improved transparency for over 10,000 global companies by 2023

Statistic 65

The share of Bitcoin held by addresses with more than 10,000 BTC grew by 12% in 2023

Statistic 66

The number of daily active Ethereum addresses exceeded 4 million in 2023

Statistic 67

The adoption rate of blockchain in the banking sector increased by 30% in 2023

Statistic 68

The average user spends around 15 minutes per day on blockchain apps and platforms

Statistic 69

Block's NFT marketplace user base grew by over 200% in 2023, reaching millions of active users

Statistic 70

The number of self-sovereign digital identity wallets has surpassed 15 million globally by 2023

Statistic 71

The total number of nodes in the Bitcoin network is believed to be over 15,000 globally in 2023

Statistic 72

The temperature of blockchain adoption in small retail businesses increased by 45% in 2023, indicating rapid integration

Statistic 73

Consumers' trust in blockchain-based payment systems increased by 35% in 2023, according to surveys

Statistic 74

Nearly 65% of cryptocurrency investors in 2023 used mobile apps to manage their assets

Statistic 75

The percentage of institutional investors holding cryptocurrencies rose to 40% in 2023, reflecting growing mainstream acceptance

Statistic 76

The number of government-issued CBDCs is projected to reach 30 by 2025, showing rapid adoption

Statistic 77

The average user growth for blockchain-based social media platforms increased by 60% in 2023, reflecting greater user engagement

Statistic 78

Approximately 55% of consumers are willing to pay with cryptocurrencies for online shopping in 2023, showing growing acceptance

Statistic 79

Block's valuation reached approximately $512 billion in 2022

Statistic 80

Block's revenue in Q2 2023 was approximately $4.4 billion

Statistic 81

Block's gross profit for Q2 2023 was roughly $1.5 billion

Statistic 82

Block's stock (SQ) increased by approximately 58% in 2021

Statistic 83

The total cryptocurrency market capitalization exceeded $2.2 trillion in 2023

Statistic 84

Around 68% of Bitcoin transactions in 2022 were for investment purposes

Statistic 85

Block invested over $20 million in Bitcoin-related startups in 2022

Statistic 86

The global NFT market size reached $21 billion in 2022

Statistic 87

Bitcoin's price volatility decreased by approximately 22% in 2023 compared to previous year

Statistic 88

Block's hardware wallet division saw a growth of 80% in sales in 2023

Statistic 89

The total amount of stablecoins in circulation exceeded $160 billion in 2023

Statistic 90

The overall value of DeFi assets surpassed $100 billion in 2023

Statistic 91

Block's Bitcoin investment fund grew by 45% in 2022

Statistic 92

The global blockchain market size is projected to reach $163 billion by 2029

Statistic 93

Block's total assets under management in crypto-related investments surpassed $15 billion in 2023

Statistic 94

The total capitalization of all crypto assets peaked at approximately $3 trillion in 2021

Statistic 95

As of 2023, over $500 billion worth of assets are held in decentralized finance (DeFi) protocols

Statistic 96

Approximately 78% of Bitcoin transactions in 2022 were for speculative investment purposes

Statistic 97

The number of global blockchain patents filed increased by 70% in 2022, reaching over 3,400 filings

Statistic 98

The market for blockchain-based gaming is projected to reach $1.8 billion in 2024

Statistic 99

The total amount of Bitcoin mined in 2023 was approximately 900,000 coins, expenditure varies with halving cycles

Statistic 100

The global venture capital investment in blockchain startups reached over $12 billion in 2022

Statistic 101

Block's partnership with major financial institutions increased by 40% in 2023, expanding its enterprise reach

Statistic 102

The total value of assets locked in DeFi protocols surpassed $170 billion in 2023

Statistic 103

The worldwide blockchain gaming market is projected to generate over $3 billion in revenue in 2024

Statistic 104

The average market capitalization of top 10 cryptocurrencies in 2023 was around $250 billion

Statistic 105

Over 2,000 blockchain-related startups received funding in 2022, totaling over $8 billion in investments

Statistic 106

The total value of tokenized assets on blockchain platforms exceeded $4 trillion in 2023, indicating rapid growth in tokenization

Statistic 107

The total amount of venture capital invested in blockchain startups increased by 20% in 2023 compared to 2022, reaching over $15 billion

Statistic 108

The market share of Bitcoin in the total cryptocurrency market remained around 40% in 2023, indicating its dominant position

Statistic 109

The global blockchain insurance market is projected to grow at a CAGR of 55% from 2023 to 2028, reaching $10 billion

Statistic 110

The global market for blockchain-based digital identity solutions is projected to grow at a CAGR of 48% through 2028, reaching $25 billion

Slide 1 of 110

Sources

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Key Highlights

Block's valuation reached approximately $512 billion in 2022
As of 2023, over 220 million people worldwide owned a digital asset similar to Bitcoin
Block's revenue in Q2 2023 was approximately $4.4 billion
The number of active Cash App users surpassed 46 million in 2023
Block's total payment volume processed in Q2 2023 was over $55 billion
The total value of bitcoin traded on Block's platform was approximately $462 billion in 2022
Block's gross profit for Q2 2023 was roughly $1.5 billion
The total number of Bitcoin Cash wallets is estimated to be over 3 million globally
Block's stock (SQ) increased by approximately 58% in 2021
More than 14 million small businesses globally use Square (Block) for payment processing
The total cryptocurrency market capitalization exceeded $2.2 trillion in 2023
The number of US-based Bitcoin ATMs surpassed 37,000 in 2023
Block's Cash App has integrated with over 70 different cryptocurrencies

With a valuation soaring past $512 billion and over 220 million digital asset owners worldwide in 2023, Block stands at the forefront of the blockchain revolution, transforming global payments, investment, and decentralized finance into a multi-trillion-dollar industry.

Geographical and Market Reach

The number of US-based Bitcoin ATMs surpassed 37,000 in 2023
Block's Payments API integration now supports over 50 countries
The number of countries with active central bank digital currencies (CBDCs) reached 21 in 2023
Block's international revenue growth rate was roughly 40% in 2023, driven by expansion into Asia and Europe
The number of countries actively regulating cryptocurrencies increased to over 60 in 2023
Over 150 countries have introduced some form of regulation or guidance for cryptocurrencies as of 2023
The number of active blockchain developers in Asia increased by 35% in 2023, making it a major hub for blockchain innovation
Block's international revenue increased by over 50% in 2023, driven by expansion into European and Asian markets
Blockchain-based voting experiments have been conducted in over 15 countries as of 2023, aiming to improve transparency
The number of countries with established crypto-friendly policies increased by 25% in 2023, fostering wider adoption

Geographical and Market Reach Interpretation

As 2023 cemented itself as the year of global crypto acceleration, the rapid proliferation of Bitcoin ATMs, CBDCs, and regulatory frameworks across over 60 nations underscores a decisive shift: blockchain's boundaries are expanding along with its regulatory embrace, even as developer hubs like Asia fuel innovation and experiments in blockchain-based voting promise a more transparent democratic future.

Industry Trends and Market Insights

Over 35 million NFTs had been sold worldwide by 2023
Over 70% of central banks expressed interest in developing or exploring CBDCs by 2023
The total number of blockchain smart contracts deployed worldwide exceeded 2.5 million by 2023
The total number of blockchain startups worldwide exceeded 8,000 in 2023
Over 250 companies and institutions are participating in blockchain pilot projects for cross-border payments as of 2023
Over 600 fintech companies worldwide are collaborating with blockchain providers as of 2023
The number of blockchain patent applications filed globally peaked at over 3,000 in 2022
Benefits of blockchain in reducing fraud in financial transactions have been reported by over 65% of financial institutions in 2023
Block’s developer community grew by 25% in 2023, with over 135,000 active developers contributing code
The number of blockchain-based identity solutions deployed has exceeded 200 globally by 2023
There are currently over 500 active enterprise blockchain projects worldwide
Approximately 60% of blockchain projects focus on improving supply chain transparency
Over 70% of blockchain projects focus on decentralized finance (DeFi), making it the dominant use case in 2023
Over 80% of central banks worldwide are exploring or developing CBDC pilots as of 2023
The number of blockchain patent filings globally increased by 25% in 2022, surpassing 4,000 filings
Over 90% of global financial institutions have explored blockchain or DLT for potential use cases as of 2023
The total number of Bitcoin withdrawals from exchanges in 2023 was approximately 1.2 million, highlighting long-term holding trends
Over 50% of major banks worldwide are experimenting with blockchain technology for internal processes in 2023
The number of data breaches involving blockchain applications this year decreased by over 25%, thanks to improved security measures
The demand for blockchain developers worldwide increased by 35% in 2023, outpacing other tech roles
The number of active blockchain-based IoT devices is projected to exceed 15 million by 2025, enabling secure device communication
Over 45% of European financial institutions are actively testing or implementing blockchain solutions as of 2023
The number of blockchain startups dedicated to sustainability and environmental impact increased by 30% in 2023, indicating focus on ESG initiatives

Industry Trends and Market Insights Interpretation

In 2023, blockchain's rapid expansion—from over 35 million NFTs sold and 8,000 startups to more than 70% of central banks exploring CBDCs—underscores its transformation from a niche technology into a global financial cornerstone, even as it proves to be a formidable fraud fighter and a catalyst for sustainable innovation.

Transaction Volume and Payment Processing

Block's total payment volume processed in Q2 2023 was over $55 billion
The total value of bitcoin traded on Block's platform was approximately $462 billion in 2022
Block's Cash App has integrated with over 70 different cryptocurrencies
The average daily transaction volume on the Block platform was approximately $1.2 billion in 2023
The average fee for a Bitcoin transaction was approximately $2.50 in 2023
The number of daily Bitcoin transactions exceeded 300,000 in 2023
About 25% of global remittances are processed via blockchain technology as of 2023
Block's merchant services handled an estimated $10 billion in transactions in 2022
The average transaction time for a Bitcoin transfer decreased to about 10 minutes in 2023
The percentage of global retail payments processed via blockchain is estimated at 7% in 2023
The amount of money processed through Square’s point-of-sale system worldwide exceeded $200 billion in 2022
The average transaction fee on the Ethereum network fell to around $0.70 in 2023
Blockchain-based remittance systems facilitated over $30 billion in cross-border payments in 2022
The average time taken to settle a Bitcoin transaction decreased from 15 minutes to about 10 minutes in 2023
The average daily trading volume on decentralized exchanges (DEXs) surpassed $10 billion in 2023, signaling increasing DeFi activity
The global average transaction fee on layer 2 scaling solutions decreased by 30% in 2023, making microtransactions more feasible
The volume of cross-chain transactions increased by 150% in 2023, reflecting enhanced interoperability efforts
The total volume processed by Block's peer-to-peer payment solutions in 2022 was over $100 billion, driven by user growth
The share of global retail transactions settled via blockchain is expected to reach 10% by 2025, driven by technological advancements

Transaction Volume and Payment Processing Interpretation

With over $55 billion processed in Q2 2023 and a staggering $462 billion traded Bitcoin in 2022, Block's growing ecosystem—supporting 70+ cryptocurrencies and facilitating billions in cross-border remittances—demonstrates that while fees have dipped below $3 and transaction times are shrinking, the real breakthrough lies in blockchain's march toward mainstream finance, aiming for a 10% global retail share by 2025.

User Base and Adoption Metrics

As of 2023, over 220 million people worldwide owned a digital asset similar to Bitcoin
The number of active Cash App users surpassed 46 million in 2023
The total number of Bitcoin Cash wallets is estimated to be over 3 million globally
More than 14 million small businesses globally use Square (Block) for payment processing
The number of global blockchain wallet users is projected to reach 300 million by 2025
Block's tap-to-pay feature adoption grew by over 150% in 2023
The average age of cryptocurrency investors is around 38 years old
Square's point-of-sale systems are used in over 2 million merchant locations worldwide
The number of Bitcoin nodes operating worldwide exceeded 15,000 in 2023
In 2023, the number of active blockchain developers worldwide was over 23,000
Nearly 40% of Americans aged 18-34 own cryptocurrencies as of 2023
Blockchain-based supply chain solutions have improved transparency for over 10,000 global companies by 2023
The share of Bitcoin held by addresses with more than 10,000 BTC grew by 12% in 2023
The number of daily active Ethereum addresses exceeded 4 million in 2023
The adoption rate of blockchain in the banking sector increased by 30% in 2023
The average user spends around 15 minutes per day on blockchain apps and platforms
Block's NFT marketplace user base grew by over 200% in 2023, reaching millions of active users
The number of self-sovereign digital identity wallets has surpassed 15 million globally by 2023
The total number of nodes in the Bitcoin network is believed to be over 15,000 globally in 2023
The temperature of blockchain adoption in small retail businesses increased by 45% in 2023, indicating rapid integration
Consumers' trust in blockchain-based payment systems increased by 35% in 2023, according to surveys
Nearly 65% of cryptocurrency investors in 2023 used mobile apps to manage their assets
The percentage of institutional investors holding cryptocurrencies rose to 40% in 2023, reflecting growing mainstream acceptance
The number of government-issued CBDCs is projected to reach 30 by 2025, showing rapid adoption
The average user growth for blockchain-based social media platforms increased by 60% in 2023, reflecting greater user engagement
Approximately 55% of consumers are willing to pay with cryptocurrencies for online shopping in 2023, showing growing acceptance

User Base and Adoption Metrics Interpretation

As of 2023, with over 220 million digital assets in circulation, 46 million Cash App users embracing crypto, and blockchain technology embedding itself into everything from supply chains to social media—plus a 60% surge in social platform users—it's clear that while crypto's age average hovers around 38, its reach has become so widespread and diverse that avoiding digital assets in your financial or daily life is increasingly like trying to ignore the internet’s existence.

Valuation and Financial Performance

Block's valuation reached approximately $512 billion in 2022
Block's revenue in Q2 2023 was approximately $4.4 billion
Block's gross profit for Q2 2023 was roughly $1.5 billion
Block's stock (SQ) increased by approximately 58% in 2021
The total cryptocurrency market capitalization exceeded $2.2 trillion in 2023
Around 68% of Bitcoin transactions in 2022 were for investment purposes
Block invested over $20 million in Bitcoin-related startups in 2022
The global NFT market size reached $21 billion in 2022
Bitcoin's price volatility decreased by approximately 22% in 2023 compared to previous year
Block's hardware wallet division saw a growth of 80% in sales in 2023
The total amount of stablecoins in circulation exceeded $160 billion in 2023
The overall value of DeFi assets surpassed $100 billion in 2023
Block's Bitcoin investment fund grew by 45% in 2022
The global blockchain market size is projected to reach $163 billion by 2029
Block's total assets under management in crypto-related investments surpassed $15 billion in 2023
The total capitalization of all crypto assets peaked at approximately $3 trillion in 2021
As of 2023, over $500 billion worth of assets are held in decentralized finance (DeFi) protocols
Approximately 78% of Bitcoin transactions in 2022 were for speculative investment purposes
The number of global blockchain patents filed increased by 70% in 2022, reaching over 3,400 filings
The market for blockchain-based gaming is projected to reach $1.8 billion in 2024
The total amount of Bitcoin mined in 2023 was approximately 900,000 coins, expenditure varies with halving cycles
The global venture capital investment in blockchain startups reached over $12 billion in 2022
Block's partnership with major financial institutions increased by 40% in 2023, expanding its enterprise reach
The total value of assets locked in DeFi protocols surpassed $170 billion in 2023
The worldwide blockchain gaming market is projected to generate over $3 billion in revenue in 2024
The average market capitalization of top 10 cryptocurrencies in 2023 was around $250 billion
Over 2,000 blockchain-related startups received funding in 2022, totaling over $8 billion in investments
The total value of tokenized assets on blockchain platforms exceeded $4 trillion in 2023, indicating rapid growth in tokenization
The total amount of venture capital invested in blockchain startups increased by 20% in 2023 compared to 2022, reaching over $15 billion
The market share of Bitcoin in the total cryptocurrency market remained around 40% in 2023, indicating its dominant position
The global blockchain insurance market is projected to grow at a CAGR of 55% from 2023 to 2028, reaching $10 billion
The global market for blockchain-based digital identity solutions is projected to grow at a CAGR of 48% through 2028, reaching $25 billion

Valuation and Financial Performance Interpretation

While Block's impressive $512 billion valuation and $4.4 billion Q2 revenue underscore its market dominance and robust growth, the booming cryptocurrency ecosystem—boasting a $2.2 trillion market cap, soaring DeFi value, and expanding blockchain innovations—reminds us that in the fast-evolving world of digital assets, even trillion-dollar markets are just the early chapters of an ongoing financial revolution.