Crypto Donations plunged 16 Times In 2021, according to the Giving Block research data report. The crypto Donation volume surges to $69.6M in 2021, as compared to 2021 which was nearly $4.2 Million.
Doubtlessly, 2021 was the focused year for cryptocurrencies and achieved the peak levels ever. Notably, 2021 year became an important year for crypto charity.
Further, the research data report by the Giving Block platform presented that in 2021 the crypto donation volume increased to $69.6 million as compared to $4.2 Million in 2020. Also, the average crypto donations experienced a 236% rise, surging from an average of $3,109 in 2020 to $10,445 in 2021.
What did the Giving block platform find when it compares the Crypto Donations with Cash Donations?
The research data report by the giving block platform presented that the crypto donation size was 82 times more than the average cash donation. Further, the average crypto donation was estimated at $10,455 to $128 in cash donations.
Furthermore, Some interesting facts have appeared about crypto patrons in the monthly data report. Firstly, the data report by the giving block platform spotlighted that the crypto donations ratio was at its peak in the last four months of 2021. As well, the crypto donations volume surged following with each month, where January experiences the whole volume of $300,000.
Next, in December, the donation volume excelled at $20,000,000, and 42% of the entire crypto donation arrived in November, and December of 2021.
Moreover, the research accredited this surge with the bull market. As well, the increasing adoption of digital assets between the common audience, and non-profit entities. The research report also showed that over 1,000 non-profit organizations were enabling crypto donations by the end of 2021.
Moreover, in 2021 the crypto donation volume soared each quarter. Where the Q1 experienced an entire volume of $1.69 million, and that worth was increased to $4.31 million in the Q4. For donation purposes, nearly 70 cryptocurrencies were used. Where the ether was at the top number being used by the donors, followed by Bitcoin (BTC), and USDC Stablecoin. Nearly 85% of crypto donations in 2021, were transacted in Bitcoin, (BTC), Etherum(ether), and USDC.
Without any doubt, the crypto donations research data report by the Giving Block platform mirrors the adoption rate of digital assets amongst the activists, politicians, and even shadows governments.
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The News source is Cointelegraph.
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