Associated with the advent of Bitcoin, blockchain, the “Technology of Trust,” has become a game-changer for many sectors in this digital age.
Today, blockchain poses numerous applications, even in industries outside of finance, with seemingly no end to its growth.
That is why we focus on all the up-to-date statistics for this year and beyond to help you get a bird’s eye view of the blockchain industry and its possible future.
Top 6 Blockchain Statistics (Editor’s Pick)
- The global blockchain market will expand to $67.4 billion by 2026.
- The cryptocurrency and blockchain sectors attracted $32 billion in investments in 2021.
- On average, 132 new blockchain developer jobs were posted in November 2022.
- The Bitcoin blockchain grew to 406.05 GB in July 2022.
- Daily transactions on the Bitcoin blockchain were as high as 400,000 in 2021.
- 34% of Blockchain developer jobs are remote.
Blockchain Market Statistics 2023
1. The global blockchain market will expand to $67.4 billion by 2026.
The global blockchain market was $4.9 billion in 2021, growing to $17.46 billion in early 2023. At a CAGR of 68.4%, the market is expected to reach $67.4 billion by 2026.
2. By 2024, global spending on blockchain solutions will increase to $19 billion.
In 2021, global spending on blockchain solutions rose from $4.5 billion to $6.6 billion. At this rate, spending will continue to grow to around $19 billion in 2024.
|Year||Global spending in billions (USD)|
This market has been reigning since 2021 and is expected to stay at the top between 2022 and 2026.
This growth represents a 61.3% CAGR increase across 2022-2028.
This market was valued at $139.6 million in 2020 and is expected to grow at a CAGR of 51% till 2026.
6. The Fintech blockchain market will grow to a CAGR of 59.9% by 2028.
Thus, attaining a $36.04 billion valuation.
7. The global blockchain technology market will grow to $1,235.71 billion by 2030.
The market was valued at $5.85 billion in 2021 and is expected to grow at a CAGR of 82.8% between 2021 and 2030.
Blockchain Technology Applications Statistics
8. Secure information exchange was the most popular use case for blockchain technology in 2021.
45% of companies admitted to working on this use case. Other everyday use cases included asset tracking and management.
9. The top use case for blockchain technology in 2021 was cross-border payments and settlements.
Cross-border payments and settlements accounted for about 16% of the global blockchain market in 2021. Lot lineage and provenance came in second with a 10.7% market share.
10. Unique active addresses tied to non-USD fiat-backed stablecoins were less than 100 in 2022.
Users were likelier to go for stablecoins pegged to the Euro or Japanese Yen if they were not choosing the USD.
Blockchain for Business Statistics
11. Blockchain could add $1.756trn to the global economy by 2030.
This growth represents 1.4% of the worldwide GDP today (2023).
China is expected to lead the charge, generating $440.4 billion of the total revenue share by 2030. The United States follows with $407.2 billion, while Germany wraps up the top three with a $95.3 billion contribution.
12. The cryptocurrency and blockchain sectors attracted $32 billion in investments in 2021.
This is nearly six times the investment in these sectors in 2020.
13. In 2021, blockchain startups globally amassed 2.6 billion in venture-capital funding.
This amount is more than the 2020 figures.
China’s share of global blockchain patents hit a staggering 84%.
New patent applications in 2021 (in China) also reached over 16,000.
|Country||Global Blockchain Patents by Percentage|
15. Ant Group led the rank of companies with the most blockchain patents in the US.
As of December 31, 2021, Ant Group had 519 active blockchain patents, followed by IBM, which had 455. nChain, a London-based company, owned 108 blockchain patent families protected in the US.
16. In 2021, 55% of the world’s leading 100 banks invested in crypto and blockchain.
Around $3 billion was invested into blockchain and cryptocurrencies in 2021 by 13 of the globe’s largest banks. At the top of the list is Standard Chartered, which invested $380 million.
|Bank||Funding (in million $)||Number of Investments|
|JP Morgan Chase & Co.||206||8|
General Blockchain Facts and Stats
17. On average, 132 new blockchain developer jobs were posted in November 2022.
However, only nine were posted in January 2023, attracting 895 applicants.
18. Satoshi Nakamoto is responsible for creating Bitcoin and the first blockchain.
An individual(s) by the pseudonym Satoshi Nakamoto conceptualized blockchain technology and bitcoin in 2008. Today, there is no certainty of Satoshi’s identity.
19. The Bitcoin blockchain grew to 406.05 GB in July 2022.
Since 2014, the blockchain has been growing by about 1GB every few days.
20. The value of blockchain technology is expected to reach $3.273.83 trillion by 2032.
Blockchain technology will grow at a CAGR of 84% to hit $3.273 trillion by 2032.
21. The overall market size of DeFi is made up of one hundred and twenty-four significant blockchains.
As of 2022, Ethereum, BSC, and Tron made up the largest blockchains within the DeFi industry.
22. The notorious “Blockchain Bandit” moved funds for the first time in 2023.
This is precisely six years after “HODLING” over 51,000 Ether and 470 bitcoins, now worth $90 million, stolen between 2015 and 2016.
23. Daily transactions on the Bitcoin blockchain were as high as 400,000 in 2021.
Bitcoin transactions rose by 70,000 between December 2020 and January 2021.
In comparison, the Ethereum blockchain processed more than 1.1 million transactions daily in January 2021.
Blockchain Trends 2023
24. The average yearly income of a blockchain developer is $100,000 in 2023.
As of February 2023, the minimum average compensation for a blockchain developer is $40,000, while the maximum is $240,000.
|Blockchain Developer by Region||Average Yearly Salary|
|North America||$120k - $240k|
|Europe||$80k - $150k|
|Oceania||$70k - $120k|
|Asia||$50k - $153k|
|Africa||$47k - $70k|
|South America||$42k - $150k|
25. In 2021, almost half of business executives had no interest in blockchain.
Between 2016 and 2021, 45% of CIOs had zero interest in blockchain.
26. 97% of FSI pioneers believe they will lose an opportunity for competitive advantage if they do not adopt blockchain.
In 2021, 77% of Financial Services Industry players (not just the pioneers) agreed with the pioneers.
27. Blockchain venture funding declined QoQ in 2022.
Global blockchain venture funding fell by 29% between Q1 and Q2 2022, marking the first decline in two years. Nevertheless, Europe saw steady growth in funding, at 40%, during the same period.
28. Approximately 81% of leading companies globally used the blockchain in 2021.
Of these, 65% actively create blockchain-based solutions, while 27% have a fully-functional blockchain-powered service.
29. 34% of Blockchain developer jobs are remote.
As of February 2023, remote blockchain developers make an average of $110,000 and $260,000 a year, depending on their skills and location.
The Low Down on Blockchain
Blockchain is still an evolving technology. However, going forward, it is clear that more companies and organizations will accelerate blockchain adoption.
Currently, the healthcare and finance sectors make the most use of blockchain.
However, more startups and leading companies are spearheading efforts into blockchain reliance.