Blockchain Statistics and Facts for 2021

Blockchain adoption

Blockchain adoption has gone through the roof over the past decade. If ten years ago you were to talk about blockchain, cryptocurrency, or anything related to this subject, you could barely find a handful of people and websites knowledgeable in this field. 

$20 billion is the total estimated revenue of the entire blockchain technology industry by 2024.

Recent blockchain statistics show that this technology is one of the hottest online topics at the moment. Not only that, but regular people discuss blockchain, bitcoin, and cryptocurrency on a day-to-day basis since it has become such a popular topic.

Up to 30% is the capacity of blockchain technology when it comes to reducing banks’ infrastructure costs and spending

Whether or not you are into blockchain and everything that revolves around this new technology, by reading this article you’ll get acquainted with everything there is to know about the topic at hand.

Did you know that the FBI (The Federal Bureau of Investigation, that’s right!) owns approximately 1.5% of the total global supply of bitcoins?

Let’s go over these interesting and fascinating blockchain facts together.

TOP 10 Blockchain Technology Fascinating Facts

  • Nobody knows for sure who started the blockchain in 2008, except that most people believe it to be a person called Satoshi Nakamoto.
  • 2.35 transactions are added every second to the blockchain.
  • There are approximately 25 million Bitcoin wallets in the world today.
  • $20 billion is the total estimated revenue of the entire blockchain technology industry by 2024.
  • Up to $12 billion per year is the estimated amount financial companies can save by adopting blockchain technology.
  • 53% of all C-level officers (this includes CEOs, COOs, CFOs, CTOs, and so on) consider that adding blockchain to their infrastructure is essential.
  • $11.7 billion is the total global estimated spending on blockchain and blockchain solutions for the year 2022.
  • The FBI (Federal Bureau of Investigation) even owns a 1.5% share of the total bitcoins worldwide.
  • Over 90% of all users who own, trade, or engage with Bitcoin are male.
  • 47.14 million is the total number of registered blockchain wallets at the beginning of 2020.

Growth Blockchain Statistics – 2021

Blockchain technology acts like a digital ledger of transactions that is constantly being duplicated and distributed across the entire computer systems network on the specific designated blockchain.

With an estimated 69% CAGR (Compound Annual Growth Rate) between 2019 and 2025, blockchain technology has got everybody talking about it.

Such high CAGR are very impressive and incredibly promising for entrepreneurs and investors. 

2.35 transactions are added every second to the blockchain.

The stat refers to the blockchain mempool, for the first period of 2020. The mempool is where all the pending cryptocurrency transactions find themselves in a node. 

Blockchain is considered the 2nd most disruptive technology in the world today.

The number 1 most disruptive technology is AI (Artificial Intelligence) and machine learning.

In 2021, approximately 90% of all blockchain enterprise platforms will have to be replaced.

This is due to the very fast pace at which blockchain technology is evolving, leaving hardware a step behind. 

Approximately 40% of all healthcare top directors see blockchain as one of the crucial 5 priorities.

Blockchain will only continue to grow if more and more industries will start to adopt this technology at the rate it is being adopted in the health sector.

There are approximately 25 million Bitcoin wallets in the world today.

This is an impressive growth for the entire blockchain market, considering that everything started in 2008.

Around 20 countries are currently exploring developing their own national cryptocurrency. 

The moment countries will have their own national cryptocurrency could lead to an incredible boost in value for the entire blockchain sector.

Today, it is estimated that 0.5% of the world’s global population is using blockchain technology.

That means that approximately 40 million people worldwide use some form of blockchain technology.

The number of people using blockchain technology is set to increase by 80% until 2030.

In 5 years, it will grow 4 times higher than its current state.

Blockchain Market Size and Revenue Statistics

Blockchain technology is constantly expanding and evolving, meaning that its market size will continue to grow along with the generated revenue. 

$20 billion is the total estimated revenue of the entire blockchain technology industry by 2024.

And the numbers are increasing with each passing day, given the large amounts of money invested especially in cryptocurrency and in cryptocurrency mining hardware. 

$1 billion in total revenue could be generated by the banking sector through blockchain technology-created cryptocurrencies.

Global blockchain technology is experiencing exponential growth and the banking industry plans on getting its slice of the pie while it’s hot.

$500 million worth of cryptocurrency was stolen from the Japanese crypto exchange Coincheck.

This happened in 2018 and it is one of the biggest cyber attacks in history, especially when it comes to hacking the blockchain.

More than $360 billion is the projected business value for blockchain technology by 2026.

In 2030, blockchain total business value will reach $3.1 trillion.

36% of people consider that blockchain technology will have a huge impact on payment providers and payment methods in Europe, by the year 2025.

This will most likely drive the cryptocurrency adoption rate to an all time high.

$356.2 billion is the projected blockchain market value in South Korea by 2022.

Blockchain initially started in South Korea in 2016, when it was valued at $20.1 billion. The growth of this sector is outstanding!

$7.59 billion is the projected market size for blockchain technology by 2024.

Such impressive numbers can only be reached if people and companies will continue to back up this new and disruptive technology. These numbers apply to companies working in financial services, media, consumer goods, transportation, and a few more.

$60 billion is the total projected market value of blockchain at a worldwide level.

The same numbers are expected to be reached by 2024.

Top 10 Blockchain Cryptocurrencies In The World

Bitcoin (BTC)

Current Price: $32,878.35  

Market Cap: $621,010,180,229 

Volume (24h): $42,716,212,255 

Circulating Supply: 18,729,756 BTC

Ethereum (ETH)

Current Price: $2,505.11   

Market Cap: $295,263,309,491 

Volume (24h): $38,476,154,042   

Circulating Supply: 116,204,333 ETH

Tether (USDT)

Current Price: $1.00   

Market Cap: $62,347,794,476

Volume (24h): $87,519,267,987   

Circulating Supply: 62,280,355,385 USDT

Binance Coin (BNB)

Current Price: $348.63   

Market Cap: $54,743,614,588 

Volume (24h): $3,931,271,928   

Circulating Supply: 153,432,897 BNB

Cardano (ADA)

Current Price: $1.52   

Market Cap: $49,811,904,016 

Volume (24h): $3,533,403,130  

Circulating Supply: 31,930,548,974 ADA

Dogecoin (DOGE)

Current Price: $0.3268   

Market Cap: $43,228,025,772 

Volume (24h): $4,156,854,813  

Circulating Supply: 129,939,361,256 DOGE

Ripple (XRP)

Current Price: $0.862  

Market Cap: $40,369,117,764 

Volume (24h): $4,151,760,559   

Circulating Supply: 46,151,013,329 XRP

USD Coin (USDC)

Current Price: $1.00  

Market Cap: $23,088,927,958 

Volume (24h): $2,462,564,386   

Circulating Supply: 23,073,601,302 USDC

Polkadot (DOT)

Current Price: $21.12   

Market Cap: $20,343,665,823

Volume (24h): $2,397,229,491  

Circulating Supply: 945,734,882 DOT

Uniswap (UNI)

Current Price: $23.20   

Market Cap: $13,661,112,814 

Volume (24h): $573,411,890   

Circulating Supply: 575,107,764 UNI

Not all of the TOP 10 most popular cryptocurrencies in the world use blockchain technology, although they are vastly assimilated with it. This reflects in price, popularity, and trading volume.

Statistics on Blockchain for Business

While most businesses are still trying to figure out the best way (or if to) to adapt and use blockchain to their advantage, the ones that have already implemented this technology are seeing extremely promising results.

Approximately 20% of IoT (Internet of Things) technologies have blockchain-enabled services.

These numbers apply for 2020, and for the current year (2021), they most definitely have risen.

46% of the blockchain market’s investors are in the financial sector.

This means that almost half of all investments in blockchain go towards just one sector. Is anybody surprised that the sector we’re talking about is finance?

Manufacturing and energy utilities have a 12% share of the total blockchain investments, followed by the healthcare sector with 11%.

After these private sectors, government institutions have 8% of the total market share, retail is next with 4% and media and entertainment are the last analyzed industry with just 1%. 

53% of all C-level officers (this includes CEOs, COOs, CFOs, CTOs, and so on) consider that adding blockchain to their infrastructure is essential.

When you have more than half of all top execs looking to adopt blockchain as part of their company’s operations, you know there’s something behind this technology. 

23% of users state that value chains and new business models are the main reasons why they chose to adopt blockchain as part of their organization’s operations.

An extra 23% have declared that blockchain implementation will take place inside their companies to increase their security capacities. 

Banks could save anywhere between $8 billion and $12 billion in annual potential savings, by adopting blockchain technology as part of their operations.

These amounts are staggering and they will most definitely prove to be a deciding factor in adopting blockchain technology and various cryptocurrencies. 

71% of all business leaders and owners see blockchain as an essential factor in pushing technology forward.

Applying blockchain solutions as part of their organizations is a step taken by more and more company owners and executives. 

Approximately 52% of employees said that their companies have been planning on implementing blockchain technologies since 2018.

Now, in 2021, the numbers have grown significantly, and adopted blockchain solutions is a go-to move for all big corporations. 

53% of employees say that their organizations are already working on a supply chain use case to be implemented as part of their operations.

That’s more than half of all employees with knowledge about how their organizations work.

109 Chinese blockchain companies are already offering real economy applications.

This number is extremely impressive, especially since blockchain technology is allowed and being used in a communist regime. 

More than 1000 IBM employees work on blockchain-powered IoT projects.

That’s more employees than most companies have to handle their entire operations.

Top 10 Biggest Cryptocurrency Exchange Platforms In The World

Binance
  • Binance is the number 1 cryptocurrency exchange platform, covering 1274 markets with 367 coins currently available for trading.
  • 7,000 bitcoins worth $40 million were stolen by hackers from the Binance platform in 2019.
Coinbase Exchange
  • Coinbase has over 56 million verified users. 
  • 6.1 million Coinbase users perform at least 1 transaction every month.
Huobi Global
  • Huobi Global has over 5 million users registered on their cryptocurrency exchange platform.
  • The platform is available in more than 130 countries around the world.
Kraken
  • 1.63% is Kraken’s total market share in the cryptocurrency exchange sector.
  • 67.28% of Kraken’s visits come from direct traffic.
KuCoin
  • Over $280 million in cryptocurrencies were stolen from KuCoin in 2019.
  • Approximately 84% of KuCoin’s total losses that occurred through cyber attacks have been recovered. 
Bitfinex
  • Since 2017, Americans are no longer allowed to buy or sell cryptocurrency on Bitfinex.
  • 547 global markets are currently covered by the Bitfinex cryptocurrency trading platform.
Binance.US
  • There are over 15 million users registered on Binance.US
  • More than 30 new tokens have been added to the platform since the beginning of 2021
Bithumb
  • The exchange platform was founded in 2014 in South Korea and it is now one of the biggest in the country and in Asia-Pacific.
  • Over 8 million people have registered accounts on Bithumb.
Gate.io
  • 0.2% of the total order amount is the cost per trade on Gate.io. 
  • The exchange platform operates with over 180 currencies and approximately 400 markets.
Bitstamp
  • Bitstamp’s matching engine got an update from Nasdaq in October, 2020.
  • Approximately 19,000 bitcoins were stolen from the platform back in January 2015.

And there are many other cryptocurrency exchange platforms operating at national, regional and global levels.

Blockchain Spending Worldwide

When it comes to breaking down the costs for implementing and using blockchain technology, the advantages are clearly visible. Check out the numbers below.

Up to 30% is the capacity of blockchain technology when it comes to reducing banks’ infrastructure costs and spending.

That means that bank transfers and many other related banks or transactional fees could be reduced by 30%.

$11.7 billion is the total global estimated spending on blockchain and blockchain solutions for the year 2022.

This number is bigger than Armenia’s annual GDP (Gross Domestic Product).

$5.65 billion is the projected spending amount for integrating blockchain into the healthcare industry.

The projected amount refers to the total spending estimated by 2025.

$4.2 billion were spent by the United States in 2020 on blockchain solutions.

That amount of money spent makes the United States the biggest regional spender on blockchain technology solutions. 

$251 million in VC (Venture Capital) funding was spent on Coinbase within a 3-year time span.

Coinbase is the largest North American cryptocurrency exchange platform and its number of transactions is growing year after year.

$3 million were invested by KuCoin in Bitcoin Australia.

KuCoin is one of the world’s largest cryptocurrency exchange platforms, based in Singapore.

An increase of approximately $86 million in trading volume was recorded on Bittrex, in just 24 hours.

Bittrex is yet another top player in the cryptocurrency exchange platforms charts, having its headquarters in the United States. 

$32 million were raised via an ICO by Centra, a company promoted by Floyd Mayweather.

The undefeated 50 – 0 boxer is one of the early adopter celebrities when it comes to cryptocurrency. He should consider changing his name to Floyd “Cryptocurrency” Mayweather. 

A 75% increase in blockchain spending is estimated for the financial sector by 2022.

And that’s all happening within a time span of 1 year.

70% of the total blockchain spending by 2025 will come from IT and business services.

That leaves just 30% left for all the other spending done by companies and regular internet users.

Blockchain Technology Adoption Statistics 

Blockchain technology has become so popular and is being used in so many industries, even some of the most important state-owned institutions and organizations are using it in one way or another.

The FBI (Federal Bureau of Investigation) even owns a 1.5% share of the total bitcoins worldwide.

You know Bitcoin and cryptocurrencies are a serious ordeal if the FBI is involved in them. How could it not be?

47.14 million is the total number of registered blockchain wallets at the beginning of 2020.

If these blockchain stats are not impressive to you, just think about the fact that this number is higher than Spain’s total population (which is 46,754,778 people). 

Over 90% of all users who own, trade or engage with Bitcoin are male.

That leaves less than 10% for women. However, most likely we will see a rise in this category in the following years.

55% of the total healthcare applications will be blockchain-based when it comes to their commercial deployment.

Healthcare is one of the fastest blockchain technology adopting industries and the numbers presented above are a prediction for the year 2025. 

In Russia, 99% of all financial service companies wanted to adopt blockchain technology in 2020.

Countries like Russia and China are surprisingly very positive when it comes to adopting blockchain technology.

60% of CIOs (Chief Information Officers) planned or already integrated blockchain technology into their organization’s infrastructure.

That means that top management and leading company figures are pro when it comes to adopting and using blockchain technology in their favor. 

Approximately 77% of the financial sector could implement blockchain services as part of their operations.

This would lead to lower processing fees and faster transactions. 

62% of the entire blockchain storage can be found on mobile blockchain wallets.

To put things in a better perspective, just think about the fact that there are approximately 4.7 billion internet users, out of which over 3.5 billion use mobile devices.

Around 90% of all government organizations will invest in different forms of blockchain technology.

Once the state will pump money into the blockchain, the sky’s the limit to where this disruptive technology can go.

Approximately 74% of consumer products & manufacturing industry employees said that their companies are experimenting with blockchain solutions.

Mostly, companies are still trying to figure out how blockchain technology can help improve their operations and cut costs.

44% of all gamers have stated that they have purchased or traded game items on the blockchain within the past year.

We all know how huge the gaming industry is, and when almost half of your business is using blockchain, it comes as no surprise that this technology will continue to flourish.

Benefits of Blockchain

Companies using blockchain technology will definitely feel the benefits, if not right away, for certain in the near future, given the constant growth in funding and in the attention this field is getting.

Up to $12 billion per year is the estimated amount financial companies can save by adopting blockchain technology.

The sooner and the faster large corporations decide to adopt blockchain technology as a solution for their operations, the better and the faster they will see the benefits.  

Approximately 1.1 billion people will be provided with legal identification created using blockchain technology.

Accenture Pls together with Microsoft Corp are working together to create digital IDs using blockchain, for people with no legal papers or documents.

More than $270 billion in transactions have been made using blockchain technology.

This is a huge benefit of the blockchain technology, making transactions easier. In comparison, Western Union only handled $5.5 billion worth in transactions. 

Over 70% of employees consider that using blockchain technology will give a competitive advantage in Asia-Pacific.

These areas are extremely well-receiving when it comes to blockchain solutions and cryptocurrencies. 

Approximately $70 million in Bitcoin were donated to charities and non-profit organizations in 2020.

Since more and more charities, nonprofits, and NGOs are accepting cryptocurrency for donations, this will vastly increase the adoption of blockchain technology.

Conclusion 

Blockchain, Bitcoin and cryptocurrency have come a long way since their initial founding and people are discussing them more and more online, and during face to face meetups with friends and family.

Investing in Bitcoin and other forms of cryptocurrency is the number one driver for the growth of blockchain adoption, and all the latest studies and numbers are here to back this new technology up.

What are the most incredible blockchain statistics that drew your attention to this fast-changing and constantly developing new technology? What triggered your interest to start reading about bitcoin, or to invest in cryptos?

 

Leave a Reply