State of Blockchain 2018

By C. Spencer Beggs

Feb 6, 2018 at 10:22 p.m. UTC

Updated Oct 12, 2021 at 1:32 p.m. UTC

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CoinDesk's 2018 State of Blockchain summarizes key trends, data and events in 2017.

• After uncertainty around fork ends, bitcoin's price breaks free and topples multiple milestones. Meanwhile, BTC dominance shrinks to all-time lows.
• Bitcoin fees increase dramatically. While Coinbase hits #1 app on iTunes, it and all exchanges struggle to cope with demand.
• $3.23bn for ICOs and $200mn for VC. However, forks were the largest token generating event of the year with $44bn created.
• CME & Cboe launch with high interest but low volume. Large traders shorted and small traders longed.
• Sentiment Survey: 81% did not go into debt to buy crypto. Of those that did, 52% already paid it back. 94% check prices at least every day.
• Key metrics up across public blockchains.

• 'CoinDesk Releases 'State of Blockchain' 2018 Research Report'

• 2018 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. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.