This is What Some Crypto Projects Are Doing to “Win” Web3
Despite the economic and crypto downturn during recent months, adoption of cryptocurrencies (at least, as measured in active Web3/blockchain wallets) has been increasing at a healthy clip. From the beginning of 2020 to present day (January, 2023), Bitcoin wallets with balances have increased from 27.72 million addresses to 42.54 million addresses — representing a 53% increase during the three year period. The Ethereum network has posted even more intense gains during the same period, starting with 32.71 million addresses and ending with 86 million addresses — representing a 163% increase during the past three years.
As new entrants have begun entering the market, one statistic that is rarely discussed is the method in which these new players store their digital assets (especially when they learn of the dangers of keeping their holdings on centralized exchanges). While data with these wallet providers is not visible on the blockchain, it is accepted on the industry level that at least for the Ethereum network…
