The US listed exchange Coinbase pointed out in its Q2 research report released yesterday (12) that in the past year, the number of cryptocurrency, blockchain, or Web3 projects announced by the world’s top 100 companies has increased significantly by 39%, setting a historical high in Q1 2024.
With the increasing recognition of mainstream cryptocurrencies such as Bitcoin and Ethereum 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), the largest US cryptocurrency exchange Coinbase 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%, setting a historical high in Q1 2024.
In addition, Coinbase also announced the following key data:
1. 55% of executives from the world’s top 500 companies who have not yet adopted on-chain technology indicated that the lack of talent with appropriate technical skills hindered their adoption of on-chain technology.
2. Currently, only 26% of crypto developers are located in the United States, a percentage that has decreased by 14% over the past five years.
3. In Q1 2024, the daily trading volume of stablecoins reached a historical high of $150 billion, and 70% of executives from the world’s top 500 companies are increasingly interested in understanding the use cases of stablecoins, aiming to achieve instant transactions and cost reduction.
4. 68% of small businesses believe that cryptocurrencies can help them solve at least one pain point in financial matters.
On the other hand, in the recent market correction earlier this week, CryptoQunat observed that a Bitcoin whale increased its holdings by another 20,000 BTC during this period. Some investors interpret this as a positive signal for the future rise of Bitcoin.
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