GITNUX MARKETDATA REPORT 2024

Cryptocurrency Statistics And Trends in 2024

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Cryptocurrency has become one of the most talked-about topics in the world of finance. With its meteoric rise in popularity, it’s no surprise that people are interested in learning more about the technology and its potential.

In this blog post, we’ll be taking a look at some of the most interesting cryptocurrency statistics out there. We’ll be exploring the growth of the industry, the impact of cryptocurrency on the global economy, and more. So, if you’re interested in learning more about the world of cryptocurrency, keep reading.

Cryptocurrency: The Most Important Statistics

The number of cryptocurrencies existing has grown from 50 in 2013 to 21,844 in 2022, with 9,314 of them being active.

Ethereum, Solana and Cardana have the largest staking market capitalization with an annual yield of 4-5%, and 10% of Ethereum is staked.

90% of respondents in Australia are aware of Bitcoin and 43% are aware of Ethereum, with less than 10% not aware of cryptocurrencies.

Cryptocurrency Statistics Overview

In 2023, there were approximately 9000 cryptocurrencies, but the top 20 made up 90% of the total market.

The top 20 cryptocurrencies have the most influence in the market, and the rest are relatively insignificant.

The number of cryptocurrencies existing has grown from 50 in 2013 to 21,844 in 2022, with 9,314 of them being active.

This shows the rapid growth of the cryptocurrency industry. It also demonstrates that the industry is growing in popularity, with more users and businesses adopting it as a form of payment. This growth is likely to continue in the future, as more people become aware of cryptocurrencies and their potential benefits.

Solana and Cardano have over 70% stake value, significantly more than Ethereum, due to their exclusive use of proof of stake consensus.

It proves that these two cryptocurrencies are more secure and reliable than Ethereum, making them more attractive to investors.

Ethereum, Solana and Cardana have the largest staking market capitalization with an annual yield of 4-5%, and 10% of Ethereum is staked.

Staking is becoming increasingly popular in the cryptocurrency world, and that Ethereum is leading the way in terms of staking. Ethereum is a reliable and secure platform for staking, which is a key factor in the success of any cryptocurrency.

In December 2020, the ten most popular crypto wallets had approximately 2.2 million downloads, which increased to more than 5.6 million in the following month, but decreased substantially in 2022.

Digital currency wallet downloads have decreased by 42.37% from 2021 to 2022, but still show a 453.12% increase from 2020.

Even though there has been a decrease in digital currency wallet downloads from 2021 to 2022, there has still been a significant increase in downloads since 2020. This indicates that the cryptocurrency market is still growing and that more people are interested in using digital currencies.

The South Korean blockchain market is expected to increase from 20.1 billion South Korean won to 356.2 billion by 2022.

Thus, South Korea is investing heavily in blockchain technology, which is the basis of cryptocurrency.

The cryptocurrency market has experienced a significant YoY growth of 289% and 200% in the last three years, with Korea accounting for 8.7% of Bitcoin trading volume.

Korea therefore holds a significant portion of the overall cryptocurrency market and is a major player in the industry.

90% of respondents in Australia are aware of Bitcoin and 43% are aware of Ethereum, with less than 10% not aware of cryptocurrencies.

This is important as it shows that cryptocurrency is becoming more widely known and accepted in Australia.

92% of Australians are aware of cryptocurrencies, with Bitcoin being the most recognized at 90.80%.

It could indicate that Australians are more open to using and investing in cryptocurrencies, which could lead to increased adoption and use in the future.

Bitcoin is the largest cryptocurrency with a market cap of over $1 trillion.

This statistic is a powerful reminder of the potential of cryptocurrency and its ability to revolutionize the financial sector.

As of January 2021, there are over 4,000 cryptocurrencies in existence.

This highlights the sheer number of digital assets available to investors, traders, and users, and serves as a reminder of the immense potential of the cryptocurrency space. It also serves as a reminder of the importance of staying informed and up-to-date on the latest developments in the cryptocurrency world.

Bitcoin’s highest price to date was $64,805.99, which it reached on April 14, 2021.

The cryptocurrency has come a long way since its inception, and is now reaching unprecedented heights. This is an important milestone for the cryptocurrency, and it is a great example of the potential of the technology. In a blog post about Cryptocurrency Statistics, this statistic serves as a reminder of the potential of the technology and the potential for further growth.

The average daily trading volume of the cryptocurrency market in April 2021 was $245.7 billion.

The market has seen a significant increase in trading volume, indicating that more people are investing in cryptocurrencies. This is an important indicator of the market’s health and stability, and it is a sign that the cryptocurrency industry is continuing to expand. This statistic is a valuable insight into the current state of the cryptocurrency market and provides a valuable resource for anyone interested in learning more about the industry.

Ethereum, the second-largest cryptocurrency, reached an all-time high of $4,362.35 on May 12, 2021.

The cryptocurrency is gaining traction and is becoming increasingly valuable. This is an important milestone for Ethereum and its users, and it is a sign that the cryptocurrency is here to stay. This statistic is a great example of the potential of cryptocurrency and its ability to generate wealth for its users. It is a reminder that cryptocurrency is a viable investment option and that it is worth keeping an eye on.

Approximately 76% of cryptocurrency traders are men.

The majority of traders are male, which could be indicative of a lack of diversity in the field. This could have implications for the industry as a whole, as a lack of diversity could lead to a lack of innovation and creativity.

In 2020, 98% of Bitcoin transactions were non-illicit, while only 0.34% were associated with illegal activity.

The majority of Bitcoin transactions are being used for legitimate purposes, and that the risk of using cryptocurrency for illegal activities is relatively low. This is an important point to make in a blog post about cryptocurrency statistics, as it helps to dispel some of the negative connotations associated with cryptocurrency.

As of 2021, around 100 million people in the world hold cryptocurrencies.

More and more people are recognizing the potential of digital currencies and are investing in them. This is a clear indication that cryptocurrencies are here to stay and that they are becoming increasingly accepted as a legitimate form of payment. As such, this statistic is an important one to consider when discussing the current state of the cryptocurrency market.

The total market capitalization of the cryptocurrency market was over $2.15 trillion as of August 2021.

The cryptocurrency market has grown exponentially since its inception, and is now a major player in the global financial system. This statistic is a clear indication that the cryptocurrency market is here to stay, and is likely to continue to expand in the future.

Around 46 million Americans own some form of cryptocurrency (2021).

More and more people are recognizing the potential of digital currencies and are investing in them. This statistic is a sign of the times, and it is indicative of the fact that cryptocurrency is becoming an increasingly accepted form of payment and investment.

Approximately 20% of Bitcoin’s total supply has not moved in over five years.

A significant portion of the total supply of Bitcoin is held by long-term investors who are confident in the cryptocurrency’s future prospects and are willing to hold onto their coins for extended periods of time. This is a strong sign of stability and trust in the cryptocurrency, and is an important statistic to consider when evaluating the overall health of the cryptocurrency market.

The energy consumption of the Bitcoin network is comparable to that of a mid-sized country like Sweden.

The energy consumption of the Bitcoin network is on par with that of a nation, indicating the sheer scale of its operations. This is a testament to the immense power of cryptocurrency and its ability to revolutionize the global economy.

The total value locked in decentralized finance (DeFi) projects reached over $150 billion in August 2021.

More and more people are investing in these projects, which is a sign of the increasing trust in the cryptocurrency market. This is an important indicator of the potential of the cryptocurrency market and its ability to provide a secure and reliable platform for financial transactions.

Tether (USDT) is the largest stablecoin, with a market capitalization of over $66 billion in August 2021.

Tether (USDT) is the most popular and widely used stablecoin, with a market capitalization of over $66 billion. This is a significant figure, and it highlights the importance of stablecoins in the cryptocurrency market. This statistic is a great example of how the cryptocurrency market is evolving and how stablecoins are becoming increasingly popular. It is also a reminder of the potential of stablecoins to revolutionize the way we use and store money.

Approximately $1.9 billion worth of cryptocurrencies was stolen in 2020.

This highlights the importance of taking the necessary precautions to protect one’s investments, such as using secure wallets and keeping up to date with the latest security measures. It also serves as a warning to potential investors to be aware of the potential for theft and to take the necessary steps to protect their investments.

Conclusion

In conclusion, cryptocurrency statistics provide a wealth of information about the current state of the cryptocurrency market. They can be used to identify trends, assess risks, and make informed decisions about investing in cryptocurrency.

Cryptocurrency statistics can also be used to compare different cryptocurrencies and to monitor the performance of individual coins. With the right data, investors can make better decisions and increase their chances of success.

References

1 – https://www.statista.com/statistics/863917/number-crypto-coins-tokens/

2 – https://explodingtopics.com/blog/number-of-cryptocurrencies

3 – https://www.statista.com/statistics/1279011/crypto-staked-value/

4 – https://www.forbes.com/advisor/investing/cryptocurrency/best-crypto-staking-platforms/

5 – https://www.statista.com/statistics/1206516/global-cryptocurrency-app-downloads/

6 – https://finbold.com/crypto-wallet-downloads-2022/

7 – https://www.statista.com/statistics/797752/south-korea-estimated-blockchain-market-size/

8 – https://xangle.io/en/insight/research/636dd97eedab9ba88bab08b5

9 – https://www.statista.com/statistics/1244702/australia-cryptocurrency-awareness-by-type/

10 – https://cointelegraph.com/news/bitcoin-is-the-king-of-crypto-brand-awareness-for-aussies-report

11 – https://www.statista.com

12 – https://crypto.com

13 – https://cbeci.org

14 – https://nydig.com

15 – https://www.coindesk.com

16 – https://coinmetrics.io

17 – https://coinmarketcap.com

18 – https://ciphertrace.com

19 – https://defipulse.com

FAQs

What is cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it is not controlled by any government or central authority.

How does cryptocurrency work?

Cryptocurrency works by using a distributed ledger system, also known as a blockchain, which records and stores all transactions that take place using the currency.

What are the benefits of using cryptocurrency?

The benefits of using cryptocurrency include lower transaction costs, faster transactions, greater privacy, and increased security.

What are the risks of using cryptocurrency?

The risks of using cryptocurrency include price volatility, lack of regulation, and potential for fraud or theft.

What is the future of cryptocurrency?

The future of cryptocurrency is uncertain, but many believe it will continue to grow in popularity and use as more businesses and individuals adopt it.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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