The US listed exchange Coinbase pointed out in its Q2 research report yesterday (12) that in the past year, the number of cryptocurrency, blockchain, or Web3 projects announced by the world’s top 100 companies has significantly increased by 39%, reaching a historic high in Q1 2024.
With mainstream cryptocurrencies such as Bitcoin and Ethereum gaining increasing recognition in the Web2 world, many traditional Web2 companies are actively embracing Web3, accelerating the adoption and development of blockchain products in terms of speed and application.
Coinbase: Adoption rate of Web3 by Fortune 100 companies increased by 39% in the past year
Just yesterday (12), Coinbase, the largest cryptocurrency exchange in the US, released its 2024 Q2 research report on the social platform X, showing that in the past year, the number of cryptocurrency, blockchain, or Web3 projects announced by the world’s top 100 companies has significantly increased by 39%, reaching a historic high in Q1 2024. In addition, Coinbase also announced the following key data:
1. 55% of executives from the top 500 companies in the world who have not yet adopted on-chain technology stated that the lack of talent with appropriate technical skills hindered their adoption of on-chain technology.
2. Currently, only 26% of cryptocurrency developers are located in the US, a percentage that has decreased by 14% over the past five years.
3. In Q1 2024, the daily trading volume of stablecoins reached a historic high of $150 billion, with 70% of executives from the top 500 companies in the world showing increasing interest in understanding the use cases of stablecoins in order to achieve real-time transactions and reduce costs.
4. 68% of small businesses believe that cryptocurrencies can help them solve at least one pain point in financial issues.
CryptoQunat: Whales increase holdings by 20,000 BTC during pullback period
On the other hand, during the recent market pullback earlier this week, CryptoQunat monitored that a Bitcoin whale increased holdings by 20,000 BTC during this period. Some investors interpret this as a positive signal that the price of Bitcoin will continue to rise.
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