Fun

Chainalysis: Crypto Gains Skyrocket Worldwide — Investors’ Profit Grew 5x to $163 Billion in 2021

News Feed - 2022-04-25 08:04:31

Chainalysis: Crypto Gains Skyrocket Worldwide — Investors" Profit Grew 5x to $163 Billion in 2021


Blockchain data analytics firm Chainalysis has found that the total cryptocurrency gains worldwide amounted to $163 billion in 2021, which was 5x the previous year or a 400% increase. Chainalysis on Crypto Gains Worldwide


Blockchain analysis firm Chainalysis published a blog post last week titled “2021 Cryptocurrency Gains by Country: Ethereum Leads as Gains Skyrocket Around the World.”


The firm explained that its estimates are based on a combination of web traffic data and its transaction data, including “on-chain, macro-level flows of all crypto assets” it tracks.


Noting that “2021 was another strong year for cryptocurrency,” the firm wrote that for all cryptocurrencies it tracks: Investors around the world realized total gains of $162.7 billion in 2021, compared to just $32.5 billion in 2020.


The U.S. leads by a wide margin at nearly $47 billion in realized cryptocurrency gains, followed by the U.K., Germany, Japan, China, Turkey, Russia, France, South Korea, Canada, and Spain.


Chainalysis also provided estimated cryptocurrency gains by country by coin. The blockchain data analytics firm described: The most notable trend here involves Ethereum gains. Ethereum just edged out bitcoin in total realized gains globally at $76.3 billion to $74.7 billion.



“We believe this reflects increased demand for Ethereum as the result of defi’s rise in 2021,” the firm continued, emphasizing that most decentralized finance (defi) protocols are built on the Ethereum blockchain and use ETH as their primary currency.


Nonetheless, Chainalysis noted: “While most individual countries follow this pattern, there are some notable exceptions. Japan, for instance, received a much higher share of realized gains from bitcoin at just under $4.0 billion, compared to just $790 million in realized Ethereum gains.” Tags in this story Bitcoin, capital gains, Chainalysis, Crypto, crypto gains, crypto gains by coin, crypto gains by country, Cryptocurrency, ETH, realized capital gains


What do you think about Chainalysis’ findings? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Microstrategy CEO Dispels Rumor of Company Quietly Selling Bitcoin FEATURED | 2 days ago Report: Saudi Arabia Exploring Possibility of Implementing Blockchain in Government FEATURED | 3 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleGeorgians Sell Russian Regions as NFTs to Raise Money for Ukraine Next articleHashed leads 10M Seed Round for NFT God Game Apeiron Show comments More Popular NewsIn Case You Missed ItToday"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits


As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say
Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say Russian authorities are finding it hard to cash out digital assets they have gotten hold of
Ripple Co-Founder Tied To Untouched XRP Holdings Worth Billions—Crypto Sleuth
Este artículo también está disponible en español. A blockchain investigator discovered a series of dormant XRP wallets linked to Ripple co-founder Chris Larsen, which had
Gareth Jenkinson10 minutes agoCalifornia commission outlines campaign disclosure requirements for cryptoThe California Fair Political Practices Commission has released disclosure requirements for cryptocurrency contribut
Asset Manager Ruffer Confirms $750 Million Bitcoin Investment as Hedge Against Fiat Currency Devaluation
Asset Manager Ruffer Confirms $750 Million Bitcoin Investment as Hedge Against Fiat Currency Devaluation Investment management firm Ruffer, with over $27 billion
Bakkt declares $780M full-year revenue in 2023 earnings report
Ezra Reguerra9 minutes agoBakkt declares $780M full-year revenue in 2023 earnings reportAndy Main, Bakkt’s incoming president, said the company’s strengthened balance sheet erases previous doubts about its ability to
Turner Wright3 hours agoCrypto exchange Kraken plans move into US stock trading: ReportThe firm reportedly acquired a broker-dealer license from the U.S. Financial Industry Regulatory Authority as part of the expansion p
Tom Blackstone4 hours agoMultichain Executor has been ‘draining’ AnySwap tokens: ReportThe contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, whic
HaloDAO Lists on AscendEX
HaloDAO Lists on AscendEX press release PRESS RELEASE. AscendEXis thrilled to announce the listing of the HaloDao token (RNBW) under the pair USDT/RNBWon Sept. 13 at 1 p.m. UTC.
Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States
Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States Bitcoin and gold holder Dan Tapiero, says it is still early to talk o
US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation
US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bi
Blockchain Gaming Publisher and Web3 Firm Animoca Brands Secures $110 Million
Blockchain Gaming Publisher and Web3 Firm Animoca Brands Secures $110 Million Blockchain gaming publisher Animoca Brands announced the company has raised $110 million in a funding
Cointelegraph10 hours agoZero Barriers podcast series: Crypto adoption fueled by ZK-rollupsThe podcast series is produced in collaboration with StarkWare and explores the future of ZK-rollups as an Ethereum layer-2 solut