According to a report released on April 20 by on-chain analytics platform Chainalysis, crypto investors’ returns have climbed by more than 400% in only one year.
Overall, investors throughout the world made gains totalling $162.7 billion in 2021, up 400.61% from $32.5 billion in 2020, according to the company.
The United States was the biggest gainer in 2021, contributing $46.96 billion, or 28.86% of all gains made globally. The United Kingdom came in second with $8.16 billion (5%), followed by Germany with $5.83 billion (3.58%), Japan with $5.51 billion (3.39%), and China with $5.06 billion (3.11% ).
This indicates 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 nations than their own gross domestic product (GDP), which is generally used to evaluate a country’s economic prosperity.
In terms of particular cryptocurrencies, Ethereum (ETH) gains were somewhat higher than Bitcoin (BTC) increases (BTC). In 2021, overall Ethereum gains throughout the world totalled $76.3 billion, which was 2.12% more than Bitcoin’s $74.7 billion.
Ethereum’s supremacy in this statistic, according to the site, 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 far larger profit (almost $4 billion) than Ethereum investors ($790 million).
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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