State of Blockchain: Q1 2017

AccessTimeIconJun 6, 2017 at 12:39 p.m. UTC
Updated Oct 18, 2021 at 1:58 p.m. UTC

var researchConfig = {

"title": "State of Blockchain: Q1 2017",

"subtitle": "Summarizes key trends, data and events from 2017's first quarter.",

"publishDate": "August 15th, 2017",

"slug": "state-blockchain-q1-2017",

  • • Aggregate cryptocurrency market cap hits all-time high of $25bn as every top 10 asset rallies.
  • • Bitcoin used more than ever with over 287,000 transactions per day, leading to .92 MB blocks and $0.62 transaction fees.
  • • Ethereum gains $3.6bn or 500% in market cap as transaction numbers rise and enterprises display interest publicly.
  • • Early sectors become more defined as developer and investor interest grows, including privacy based cryptocurrencies, asset management platforms and prediction markets.
  • • Hyperledger grows in enterprise membership, proofs of concept and frameworks, Enterprise Ethereum Alliance launches with industry leaders and a vision of interoperability between permissioned and public ethereum.
  • • Blockchain venture capital totaled $107m, ICOs totaled $36m with several major deals on the horizon.
  • • Regulation makes a large impact on cryptocurrency markets as the U.S. SEC rejects 2 ETFs, PBoC warnings lead to global volume crash and Chinese 'Big 3' instituting trading fees, Japan sees bitcoin as legal payment method.
  • • 'Bitcoin and Ethereum Sentiment'
  • • 'Iranian Blockchain Sentiment'


Media mentions include:


"rootMediaUrl": "",

"imageMediaPath": "sob2017q1-img-${page}.png",

"pdf": "",

"pages": 124,

"tableOfContents": [


"title": "Executive Summary",

"page": 3





Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.