State of Blockchain: Q2 2017

By Pieter Gorsira

Aug 15, 2017 at 8:05 p.m. UTC

Updated Oct 18, 2021 at 1:10 p.m. UTC

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

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CoinDesk's Q2 2017 State of Blockchain summarizes key trends, data and events from 2017's second quarter.

• The aggregate cryptocurrency market cap rallies 4x, breaks $100bn in value.
• The composition of the asset class changes dramatically, with bitcoin comprising less than half of the total market cap as assets including ether, xrp, and dash skyrocket in price.
• Blockchain ICO funding outweighs venture capital by 3x in total deal size and quantity.
• Usage grows on major blockchains, leading to over 500,000 transactions a day and fees north of $1.
• Enterprise blockchain consortia gain traction with major enterprises in terms of membership, trials, and integrations.
• Global search traffic for bitcoin, ethereum, blockchain, cryptocurrency, and other related terms reach all-time highs.

• 'CoinDesk Releases 'State of Blockchain' Q2 2017 Research Report'

• Q2 2017 Blockchain Sentiment Survey

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.