Express
Report: Global Blockchain Revenue Drops by 35% From 2018 To 2020, With A $2.8B Potential Loss
Summary: According to the "Blockchain and Distributed Ledger Technology" report released by ABI Research, between 2018 and 2020, global blockchain revenue has dropped by 35%, the calculated potential loss reached as high as $2.8 billion. The crypto winter of 2018 erased 80% of the total market value, and the COVID-19 pandemic has had a significant impact ...
According to the "Blockchain and Distributed Ledger Technology" report released by ABI Research, between 2018 and 2020, global blockchain revenue has dropped by 35%, the calculated potential loss reached as high as $2.8 billion.
The crypto winter of 2018 erased 80% of the total market value, and the COVID-19 pandemic has had a significant impact on investment opportunities and demand for new blockchain applications. The report also stated that the sharp decline in revenue will be short-lived, and these adverse events have eliminated the hype and effectively burst the blockchain bubble. Speculative products withdraw from the market, relatively beneficial to the entire blockchain ecosystem, and ensures that more valuable business models appear in the next few years. ABI Research expects that the market will return to its peak income level of 2018 in 2023.
By Mary Liu
Tags: ABI Research,Blockchain,COVID-19,DLT
Link: Report: Global Blockchain Revenue Drops by 35% From 2018 To 2020, With A $2.8B Potential Loss [Copy]
