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State of Blockchain: Q1 2018

Originally published on Coindesk on May 14, 2018.

Executive Summary

CoinDesk's Q1 2018 State of Blockchain summarizes key trends, data and events in Q1 2018.

Highlights Include:

  • Bear market takes hold in multiple cryptocurrencies. Price, transaction volume, exchange volume, and more all down over 3 months.

  • Bitcoin hashrate continues to grow by 47% despite slumps.

  • $6.3bn for ICOs and $885mn for VC. The average ICO raise amount has about doubled from last quarter of $16mn to $31mn.

  • Transaction fees fall from 60% to 90% with bitcoin averaging a $9.49 fee per transaction.

  • Sentiment Survey: 31% paid taxes on their crypto gains. 18% of U.S. respondents said they thought understanding taxes were easy compared to 38% of Non-U.S. respondents.


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