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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.

See all the slides here.

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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