Crypto Profits Grew 5X Investors Gain $163 Billion in 2021 : Study
Blockchain data analytics firm Chainalysis has found that the total cryptocurrency profits globally amounted to $163 billion which was 5X the previous year or a 400% growth.
Crypto Profits Globally - Chainalysis
Blockchain analysis firm Chainalysis published a blog post last week titled “2021 Cryptocurrency gains by Country: Ethereum leads as Gains Skyrocket Around the World”.
Chainalysis explained that its estimates are based on Web traffic data and its transaction data, including “on-chain , macro-level flows of all crypto assets “ it tracks.
“2021 was another strong year for cryptocurrency” the firm found after tracking cryptocurrencies that
“Investors around the world realized total gains of $162.7 billion in 2021, compared to just $32.5 billion in 2020”
U.S. leads by nearly $47 billion in realized crypto profits , followed by the U.K.,Germany, Japan, China, Turkey, Russia, France, South Korea, Canada and Spain.
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Chainlysis also provided estimated crypto profits by country by coin. The blockchain data analytics firm described :
“ The most notable trend here involves Ethereum gains. Ethereum just edged out bitcoin in total realized gains globally at $76.3 billion to $ 74.7 billion”.
“We believe this reflects increased demand for Ethereum as the result of defi’s rise in 2021” the firm reiterated, emphasizing that most decentralized finance (defi) protocols are built on Ethereum blockchain and use ETH as premium currency.
Chainalysis noted : “While most individual countries follow this pattern , there are some notable exceptions, Japan, for instance, received a much higher share of realized crypto profits from bitcoin at just $4.0 billion compared to just $790 million in realized Ethereum gains”.
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