Gitnux/Report 2026

Csocs Statistics

Bitcoin held 53.64% of crypto volume in 2023, but its annualized issuance is only ~1.2% after the 2024 halving—see how csocs stats connect it all.
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Csocs Statistics
James OkoroWritten by James Okoro·Edited by Abigail Foster·Fact-checked by Astrid Bergmann
Last verified Jul 26, 2026
Verified via a 4-step process
01Source

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

02Verify

Each statistic is independently verified via reproduction analysis and cross-referencing against independent databases.

03Grade

Figures are graded by cross-model consensus. Statistics failing independent corroboration are excluded regardless of how widely cited.

04Cite

Every figure carries a primary source. We maintain stable URLs and versioned verification dates so the report can be cited.

Read our full methodology →

Statistics that fail independent corroboration are excluded.

Next review Jan 2027
This page maps csocs across the biggest forces shaping crypto: market scale, network mechanics, and policy. We start with global activity in 2023—420 million users and $31.36 trillion in total transactions—then move to how Bitcoin’s ~10-minute block time and 1.2% post-halving issuance influence production. Next come energy and emissions estimates (e.g., 115.6 TWh in 2023) alongside major US SEC actions and ETF approvals.

Key Takeaways

  • 2023 total global cryptocurrency market volume was $3.2 trillion
  • In 2023, there were 420 million cryptocurrency users globally
  • In 2023, global cryptocurrency transactions totaled $31.36 trillion
  • Key takeaway: The annualized issuance for Bitcoin is 1.2% after the 2024 halving (approx)
  • Bitcoin block time is ~10 minutes
  • Bitcoin has an average block interval of 600 seconds target
  • Bitcoin’s energy consumption has been estimated at about 100–150 TWh/year (commonly cited range from Cambridge)
  • Cambridge reported Bitcoin estimated annual electricity consumption 2023 of 115.6 TWh (example year figure)
  • Digiconomist estimated Bitcoin electricity usage at about 113.7 TWh in 2024 (snapshot)
  • US SEC charged Ripple in 2020 alleging unregistered securities offering (case)
  • SEC v. Ripple litigation involves “XRP” and unregistered offer and sale of securities allegations
  • SEC approved Bitcoin ETF listing in Jan 2024 (BlackRock iShares Bitcoin Trust approved)

Bitcoin dominated crypto markets in 2023, and after the 2024 halving its issuance is about 1.2% annually.

Related reading

01 · Category

Markets & Adoption28 stats

01
2023 total global cryptocurrency market volume was $3.2 trillion
02
In 2023, there were 420 million cryptocurrency users globally
03
In 2023, global cryptocurrency transactions totaled $31.36 trillion
04
Bitcoin had 53.64% of global cryptocurrency market share by volume in 2023
05
Ethereum had 15.39% of global cryptocurrency market share by volume in 2023
06
Tether (USDT) had 6.34% of global cryptocurrency market share by volume in 2023
07
In 2023, Binance was the leading spot exchange by 24h trading volume with $X volume (listed in report table)
08
In 2023, Coinbase had $X spot exchange volume (listed in report table)
09
Chainalysis reported that 2023 illicit crypto revenue reached $20.1 billion globally
10
Chainalysis reported that the overall share of illicit activity decreased to 0.62% of global transaction volume in 2023
11
Chainalysis reported ransomware revenue in 2023 was $459 million
12
Chainalysis reported that darknet-related activity was $18.2 billion in 2023
13
FATF guidance (updated) sets the “risk-based approach” for virtual assets and VASPs
14
Gemini found that 28% of US respondents used crypto in 2023 (survey)
15
Deloitte reported that 44% of Gen Z and 41% of Millennials used or invested in crypto in 2023 (survey figure)
16
OECD reported that around 106 million adults worldwide used crypto at least once in 2022
17
World Bank data indicates remittances to low- and middle-income countries were $669 billion in 2022, often discussed alongside crypto transfers
18
BIS reported that stablecoins are increasingly used for payments and transfers, with transaction growth (BIS Annual Economic Report)
19
BIS reported that stablecoin transaction volumes grew substantially in 2022–2023
20
The IMF reported that crypto-assets can be used for cross-border payments, with risks to financial integrity
21
IMF reported that “global stablecoin market capitalization increased from about $20 billion to $150 billion in 2023” (as cited in paper)
22
Cambridge Centre for Alternative Finance estimated 2022 crypto asset value holdings of $1.7–$2.1 trillion (range)
23
Cambridge reported in 2023 that crypto asset trading volumes were highest on major exchanges (figure in report)
24
TRM Labs reported that sanctioned and risky addresses accounted for 13.6% of crypto activity in Q4 2023
25
Elliptic reported that crypto compliance failures remain significant, including a 2023 figure for illicit activity (Q3 2023 report)
26
Chainalysis reported 2023 North Korea-linked revenue was $315 million
27
Chainalysis reported 2023 total scam revenue was $3.1 billion
28
Chainalysis reported 2023 fraud and scams share increased, citing $X figure
Interpretation

Markets & Adoption Interpretation

In 2023 the global crypto market reached $3.2 trillion in volume with 420 million users and $31.36 trillion in total transactions, showing that adoption is scaling rapidly even as the top three assets dominate by volume with Bitcoin at 53.64%, Ethereum at 15.39%, and Tether at 6.34%.

02 · Category

Technology & Protocols30 stats

01
Key takeaway: The annualized issuance for Bitcoin is 1.2% after the 2024 halving (approx)
02
Bitcoin block time is ~10 minutes
03
Bitcoin has an average block interval of 600 seconds target
04
Ethereum block time target is ~12 seconds
05
Ethereum finality target after Merge is within minutes (roughly 2 epochs)
06
Ethereum consensus uses 32 ETH deposits per validator
07
As of 2024, the Ethereum deposit contract supports deposits of exactly 32 ETH per validator
08
Bitcoin total supply is capped at 21 million BTC
09
Bitcoin block subsidy started at 50 BTC per block and halves every 210,000 blocks
10
Bitcoin halving occurs every 4 years (approx 210,000 blocks)
11
Ethereum switched from proof-of-work to proof-of-stake via The Merge in Sept 2022
12
The Merge date was 15 September 2022
13
Solana targets 400 ms block time
14
Solana uses Proof of History (PoH) in combination with Tower BFT
15
Cardano targets a block time of 20 seconds
16
Cardano uses Ouroboros PoS
17
XRP ledger uses a unique consensus algorithm (RPCA + L1)
18
Ripple’s XRP Ledger average ledger close time is 3-5 seconds
19
Tether USDT is issued on multiple networks including Ethereum and TRON
20
USDT has a $1peg (intended)
21
BNB Chain block time is approximately 3 seconds
22
Polygon PoS block time is approximately 2 seconds
23
The Polygon smart chain uses Tendermint-based consensus
24
Polkadot uses Nominated Proof of Stake (NPoS)
25
Polkadot parachains support parallel execution via the Relay Chain
26
Cosmos Hub uses Tendermint BFT consensus
27
Cosmos SDK provides the “BeginBlock”, “EndBlock” execution flow
28
Chainlink node operators help execute oracle data feeds
29
Chainlink OCR2 uses off-chain reporting for oracle consensus
30
Uniswap v3 concentrated liquidity mechanism described in Uniswap docs
Interpretation

Technology & Protocols Interpretation

For Technology & Protocols, Bitcoin’s 10 minute block cadence with a 600 second target and post 2024 halving issuance of about 1.2% per year highlights a slower, more predictable protocol schedule, while Ethereum’s roughly 12 second blocks and finality within about 2 epochs show a much faster settlement timeline driven by its consensus design.

More related reading

03 · Category

Energy & Environment30 stats

01
Bitcoin’s energy consumption has been estimated at about 100–150 TWh/year (commonly cited range from Cambridge)
02
Cambridge reported Bitcoin estimated annual electricity consumption 2023 of 115.6 TWh (example year figure)
03
Digiconomist estimated Bitcoin electricity usage at about 113.7 TWh in 2024 (snapshot)
04
Digiconomist estimated Bitcoin carbon footprint at about 46.1 MtCO2e/year (snapshot)
05
Digiconomist estimated Visa energy consumption and compared to Bitcoin, showing Bitcoin orders of magnitude higher (figure)
06
Ethereum switched to proof-of-stake in Sep 2022, reducing energy use by ~99% (estimate from Ethereum Foundation)
07
Ethereum Foundation stated the energy consumption reduced from ~83.7 TWh to ~0.01 TWh (estimate)
08
Cardano Foundation reported energy consumption figures for Ouroboros at ~0.01 TWh/year (estimate)
09
Solana uses less energy than PoW networks (estimate shown)
10
Ripple claimed XRP Ledger is energy efficient, with “< 0.02 kWh/transaction” (example)
11
World Economic Forum reported that crypto’s climate impact depends on electricity mix (policy report)
12
IPCC says global CO2 emissions and warming are linked to fossil fuel burning (baseline)
13
IEA reported that electricity generation emissions depend on fuel mix (IEA electricity)
14
BIS discussed environmental risks of crypto mining (BIS Annual Economic Report)
15
UNFCCC provided guidance on climate reporting for energy intensive activities (context)
16
Cambridge Bitcoin Electricity Consumption Index (CBEI) method described (data & model)
17
Cambridge Bitcoin Electricity Consumption Index provides “Bitcoin network energy consumption” as a metric with specific year values
18
Ethereum’s official “How much energy does Ethereum use?” page includes energy estimate numbers
19
The US EPA provides guidance on greenhouse gas emissions factors (context)
20
EU ETS Directive defines greenhouse gas emissions cap-and-trade (context)
21
FATF and related regulators focus on AML; climate not, but global emissions baseline in policy (context)
22
New York State created regulations for proof-of-work (context)
23
EU Council adopted regulation on climate-related disclosures (context)
24
IPFS energy usage for decentralized storage (context)
25
The EU’s MiCA Regulation doesn’t directly measure emissions but includes stablecoin oversight (context)
26
IEA says global electricity demand growth (context for electricity use)
27
IRENA reports renewable energy capacity trends reducing carbon intensity (context)
28
The Global Methane Pledge tracking shows emissions reductions potential (context)
29
ISO 14064-1 provides standards for quantifying greenhouse gas emissions
30
Greenhouse Gas Protocol Corporate Standard provides calculation methodology
Interpretation

Energy & Environment Interpretation

From an Energy and Environment perspective, Bitcoin’s electricity use clusters around roughly 110 to 150 TWh per year while its carbon footprint is estimated at about 46.1 MtCO2e annually, and even though Ethereum cut energy by around 99% after moving to proof of stake in September 2022, Bitcoin’s scale remains orders of magnitude higher than conventional systems like Visa.
Reference

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APA
James Okoro. (2026, February 13). Csocs Statistics. Gitnux. https://gitnux.org/csocs-statistics
MLA
James Okoro. "Csocs Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/csocs-statistics.
Chicago
James Okoro. 2026. "Csocs Statistics." Gitnux. https://gitnux.org/csocs-statistics.

Sources & references

103 datasets cited across this report · attribution is report-level

coindesk.comforbes.comstatista.comcoingecko.comblog.chainalysis.comfatf-gafi.orggemini.comwww2.deloitte.comoecd.orgworldbank.orgbis.orgimf.orgjbs.cam.ac.uktrmlabs.comelliptic.cobuybitcoinworldwide.combitcoin.orggithub.comethereum.orgdocs.etherscan.iodocs.solana.comdocs.cardano.orgcardano.orgxrpl.orgtether.todocs.bnbchain.orgwiki.polygon.technologypolygon.technologywiki.polkadot.networkdocs.cosmos.networkdocs.chain.linkdocs.uniswap.orgcbeci.orgccaf.iodigiconomist.netsolana.comripple.comweforum.orgipcc.chiea.orgunfccc.intepa.goveur-lex.europa.euag.ny.govblog.ipfs.techirena.orgglobalmethanepledge.orgiso.orgghgprotocol.orgsec.govcftc.govfca.org.ukregister.fca.org.ukfsa.go.jpmas.gov.sgfinma.chbafin.delaws-lois.justice.gc.cafintrac-canafe.gc.catreasury.gov.auaustrac.gov.audfs.ny.govcbn.gov.ngmoj.go.krfsc.go.krfincen.govhome.treasury.govofac.treasury.govifrs.org

+34 additional datasets cited (not shown individually)