Cryptocurrencies - statistics & facts

Bitcoin might be the headline cryptocurrency for many, but the market for digital currencies relying on blockchain technology is much bigger than that. Take, for instance, Ether: Initially released in 2015, the cryptocurrency is based off the open-source Ethereum blockchain – currently the more commonly used name for the coin – has become one of several virtual currencies with the most transactions on the ledger by 2021. This was reflected in Ethereum’s price, which had nearly doubled between December 2020 and January 2021. Regardless, when consumers were googling for information on cryptocurrencies in, for instance, Poland, Bitcoin searches far outweighed those of other digital coins. This page investigates these cryptocurrencies, other than Bitcoin. Statista also offers a dedicated page for Bitcoin (BTC) alone. This page mainly focuses on the market size of Bitcoin’s competitors, such as Ethereum (ETC), Litecoin (LTC), Ripple (XRP), and Dogecoin (DOGE).

The number of cryptocurrencies soars

Whilst this page predominantly looks at a handful cryptocurrencies, it is good to keep in mind that many more are available: Estimates state there could be over 4,000 in circulation in 2021. The majority of these are relatively small, and do not play a big role within the crypto market. Indeed, various rankings – such as a market cap comparison between several cryptocurrencies – mention Bitcoin (BTC), Ethereum (ETC), and Ripple (XRP) as the top three digital currencies. Other coins saw significant gains, however. For example, tweets from Tesla CEO Elon Musk led to a surge in the price of Dogecoin (DOGE) in 2021. Despite the price of a Dogecoin being much lower than that of many other cryptocurrencies, DOGE grew much faster.

Acquiring cryptocurrencies: mining, exchanges, and wallets

When planning to invest or trade in cryptocurrencies, people can either mine the currency themselves or buy from an exchange. Whether it is profitable or not to mine a digital coin varies greatly: Some currencies are more difficult to mine than others – due to the complexity of the logical puzzles a computer must solve, which in turn needs more computing power – and too much electricity consumption can potentially lose any form of profitability from mining. Many consumers therefore buy coins from a crypto trader. In early 2021, Binance had the highest trading volume on a single day of all cryptocurrency exchanges. Once acquired, a virtual currency needs a wallet, or digital storage device, in order to prevent theft. Whilst there are no figures on which wallets are the most popular in which country, Blockchain.com estimates it had several millions of wallets by early 2021.

Key figures

The most important key figures provide you with a compact summary of the topic of "Cryptocurrencies" and take you straight to the corresponding statistics.

Cryptocurrency trading

Blockchain

Mining

Interesting statistics

In the following 8 chapters, you will quickly find the 34 most important statistics relating to "Cryptocurrencies".

Cryptocurrencies

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
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Cryptocurrencies - statistics & facts

Bitcoin might be the headline cryptocurrency for many, but the market for digital currencies relying on blockchain technology is much bigger than that. Take, for instance, Ether: Initially released in 2015, the cryptocurrency is based off the open-source Ethereum blockchain – currently the more commonly used name for the coin – has become one of several virtual currencies with the most transactions on the ledger by 2021. This was reflected in Ethereum’s price, which had nearly doubled between December 2020 and January 2021. Regardless, when consumers were googling for information on cryptocurrencies in, for instance, Poland, Bitcoin searches far outweighed those of other digital coins. This page investigates these cryptocurrencies, other than Bitcoin. Statista also offers a dedicated page for Bitcoin (BTC) alone. This page mainly focuses on the market size of Bitcoin’s competitors, such as Ethereum (ETC), Litecoin (LTC), Ripple (XRP), and Dogecoin (DOGE).

The number of cryptocurrencies soars

Whilst this page predominantly looks at a handful cryptocurrencies, it is good to keep in mind that many more are available: Estimates state there could be over 4,000 in circulation in 2021. The majority of these are relatively small, and do not play a big role within the crypto market. Indeed, various rankings – such as a market cap comparison between several cryptocurrencies – mention Bitcoin (BTC), Ethereum (ETC), and Ripple (XRP) as the top three digital currencies. Other coins saw significant gains, however. For example, tweets from Tesla CEO Elon Musk led to a surge in the price of Dogecoin (DOGE) in 2021. Despite the price of a Dogecoin being much lower than that of many other cryptocurrencies, DOGE grew much faster.

Acquiring cryptocurrencies: mining, exchanges, and wallets

When planning to invest or trade in cryptocurrencies, people can either mine the currency themselves or buy from an exchange. Whether it is profitable or not to mine a digital coin varies greatly: Some currencies are more difficult to mine than others – due to the complexity of the logical puzzles a computer must solve, which in turn needs more computing power – and too much electricity consumption can potentially lose any form of profitability from mining. Many consumers therefore buy coins from a crypto trader. In early 2021, Binance had the highest trading volume on a single day of all cryptocurrency exchanges. Once acquired, a virtual currency needs a wallet, or digital storage device, in order to prevent theft. Whilst there are no figures on which wallets are the most popular in which country, Blockchain.com estimates it had several millions of wallets by early 2021.

Interesting statistics

In the following 8 chapters, you will quickly find the 34 most important statistics relating to "Cryptocurrencies".

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