BTC
$105,731.13
+
1.38%
ETH
$2,519.87
+
1.29%
USDT
$1.0004
-
0.03%
XRP
$2.1819
+
0.03%
BNB
$652.17
+
1.03%
SOL
$150.71
+
1.01%
USDC
$0.9998
+
0.00%
DOGE
$0.1835
+
2.30%
TRX
$0.2845
+
2.68%
ADA
$0.6647
+
0.12%
HYPE
$34.43
+
1.77%
SUI
$3.2436
+
1.64%
LINK
$13.81
+
2.37%
AVAX
$20.79
+
7.01%
LEO
$9.0616
+
2.02%
XLM
$0.2654
+
0.54%
BCH
$407.55
+
2.70%
TON
$3.1791
+
1.42%
SHIB
$0.0₄1274
+
1.94%
HBAR
$0.1693
+
2.98%
Sign Up
Logo
Research Reports
Share this article

State of Blockchain Q1 2018

Summarizes key trends, data and events in Q1 2018.

By C. Spencer Beggs
Updated Nov 12, 2024, 7:24 p.m. Published May 14, 2018, 4:13 a.m.
sob2018q1-2018-01

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

  • 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.
C. Spencer Beggs
X icon
Picture of CoinDesk author C. Spencer Beggs