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Crypto Investors Gains Up 400 Percent In 2021, Ethereum Dominates Crypto Gains: Chainalysis

 A new report from data analytics firm Chainalysis states that cryptocurrency investing is risky, but profitable. The company revealed in its latest report that investors around the world received a total profit of $162.7 billion in 2021, compared to only $32.5 billion in 2020.According to Chainalysis, the United States is ahead by a wide margin of an estimated $47 billion in crypto gains, followed by the UK, Germany, Japan and China. Meanwhile, India is ranked 21st with a net profit of around $1.85 billion.The report highlights that Ethereum outperformed Bitcoin globally at $74.7 billion, up from $76.3 billion in total gains. “We believe this reflects the increasing demand for Ethereum as a result of the rise of DeFi in 2021, as most of the DeFi protocols are built on the Ethereum blockchain and use Ethereum as their primary currency. Individual countries tend to follow this pattern, with a few notable exceptions.

 For example, Japan received a substantial portion of the gains from bitcoin at just under $4.0 billion, compared to only $790 million in actual Ethereum gains, The company said in its report. The report further reveals that Turkey ranks 6th in cryptocurrency gains at $4.6 billion, Vietnam ranks 16th in real cryptocurrency gains at $2.7 billion, Ukraine ranks 13th in crypto gains at $2.8 billion, Czech The Republic ranks 19th on $1.9 billion, and Venezuela is 33rd. Realized Cryptocurrency Gains At $1.1 Billion. Interestingly, in 2021, China saw a growth of 194 percent as compared to 2020. The total estimated realized cryptocurrency gains stood at $5.1 billion, up from $1.7 billion in 2020. Chainalysis notes that although this may seem substantial, it represents a low growth rate. 

Other Countries. The United States, for example, has estimated cryptocurrency profits to rise 476 percent from $8.1 billion to $47.0 billion. Britain saw an increase of 431 percent, and Germany's profit increased by 423 percent. The data analytics firm believes that China's low growth rate is most likely due to the decline in cryptocurrency activity in the country following government action. “Our analysis of crypto gains should be encouraging for the crypto world, and reflect the growth of the ecosystem in 2021 – especially in DeFi. While there are still risks, the industry should work to mitigate, not just the data. shows that crypto asset prices are rising, but also indicates that the cryptocurrency continues to be a source of economic opportunity for users in emerging markets,” the company said.

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