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State of Blockchain: Q2 2017

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

By Pieter Gorsira
Updated Nov 12, 2024, 7:04 p.m. Published Aug 15, 2017, 8:05 p.m.
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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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Pieter Gorsira

Picture of CoinDesk author Pieter Gorsira