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In the past ten years, blockchain transactions have exceeded 3.1 billion, and Bitcoin and Ethereum may reach over 1 billion in 2023.
Recent research on Blockchain transactions has revealed a significant rise in the Crypto Assets market over the past decade. Data shows that from 2009 to 2019, over 3.1 billion transactions were conducted across 24 different Blockchain networks, with a total value reaching an astonishing $4.6 trillion. Notably, 96% of these transactions occurred between 2017 and 2019, highlighting the explosive growth of the Crypto Assets market in recent years.
The research data further breaks down the transaction situation in 2019. Bitcoin recorded 259.2 million transactions that year, while Ethereum followed closely with a transaction volume of 2.428 million. Overall, all networks surveyed generated a total of 1.1 billion transactions in 2019, which fully reflects the wide application of Blockchain technology and the growing user base.
Looking ahead, the research team holds an optimistic attitude towards the development of the crypto assets market. They predict that by 2023, the annual transaction volume of Bitcoin and Ethereum alone will exceed 1 billion transactions. Even more strikingly, within the next five years, these Blockchain networks are expected to generate nearly 20 billion transactions. If this prediction comes true, it will mark a further popularization and deepening application of crypto assets and Blockchain technology globally.
The samples selected for this study cover the most active public chains in the Crypto Assets market, including but not limited to Bitcoin, Ethereum, Ripple, Litecoin, EOS, Tron, Stellar, Tether, Ethereum Classic, Bitcoin Cash, Monero, Bitcoin SV, Dogecoin, Zcash, Verge, Tezos, Decred, Dash, Neo, Waves, DigiByte, Bitcoin Gold, and GAS. The transaction data from these Blockchain projects provides a comprehensive and representative sample for the study, helping us better understand the development trends of the entire Crypto Assets ecosystem.
Overall, this study not only reflects the significant progress in Blockchain technology and the Crypto Assets market over the past decade but also provides an optimistic outlook for development in the coming years. With the continuous advancement of technology and the expansion of application scenarios, we have reason to believe that Blockchain will exert its unique advantages in more fields, driving innovation and transformation in the global financial system and digital economy.