As the popularity and adoption of cryptocurrencies by individuals, businesses, and governments around the world grows year after year, the year 2021 has produced some impressive results in terms of crypto investment benefits.
According to a research released on April 20 by on-chain analytics platform Chainalysis, crypto investors’ returns have climbed by more than 400 percent globally and across cryptocurrencies in just one year.
Overall, investors throughout the world made gains totaling $162.7 billion in 2021, up 400.61 percent from $32.5 billion in 2020, according to the site.
Which countries made the most progress?
In terms of specific countries, the United States was the biggest gainer in 2021, accounting for $46.96 billion, or 28.86 percent of global gains. The United Kingdom came in second with $8.16 billion (5%), followed by Germany with $5.83 billion (3.58%). Then, Japan with $5.51 billion (3.39%), and China with $5.06 billion (3.11 percent ).
This means that American crypto investors made more money in 2021 than the rest of the world did in 2020.
Crypto investment returns were higher in certain countries than their own gross domestic product (GDP). Also, which is generally used to evaluate a country’s economic prosperity.
Which cryptocurrency were the most popular?
In terms of specific cryptocurrencies, Ethereum (ETH) gains were slightly higher than Bitcoin (BTC) increases (BTC). In 2021, overall Ethereum gains around the world totaled $76.3 billion, which was 2.12 percent more than Bitcoin’s $74.7 billion.
Ethereum’s supremacy in this statistic, according to the site, . Of course, reflects greater demand for the coin as a result of the growth of decentralized finance (DeFi) in 2021. Most DeFi protocols, for example, are built on the Ethereum network and use the Ethereum cryptocurrency as their primary currency.
One exception to this trend is Japan, where Bitcoin investors made a much larger profit (almost $4 billion) than Ethereum investors ($790 million).
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