State of Blockchain: Q1 2017

By Patrick Archambeau

Jun 6, 2017 at 12:39 p.m. UTC

Updated Oct 18, 2021 at 1:58 p.m. UTC

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• 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'

Features:

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