OKcoin presents

State of the Cryptoverse

From token moves to Twitter feuds, see what
happened this year in crypto from data by Okcoin and our partners.

Almost parabolic

This year, Bitcoin flipped silver as the 6th most valuable asset in the world when it reached all time highs of $69,044.

c-01

38 million+ Bitcoiners

An increasingly diverse set of investors bought bitcoin this year and the numbers show it.

chart-01

2021 crypto growth snapshot

It’s been a huge year for bitcoin, but we saw explosive altcoin growth too.

Bitcoin

+65%

Bitcoin price growth

+70%

Bitcoin market cap growth

Eth

+479%

Altcoin market cap growth

+440%

Ethereum price growth

[Source: CoinGecko]

Okcoin’s growth

We rebranded in April and customer growth skyrocketed, making 2021 our best year ever.

2800%

customer growth

450%

institutional client growth

40+

new assets listed in 2021

20+

New Earn offers in 2021

A new wave of HODLers

Young people, women, and developing nations were the biggest growth drivers in 2021.

The future is young and female

24% of our customers are women as of 2021 and we’re aiming to make that 50% by 2025.

illo2 2-1

24%

women customers in 2021

Untitled-1

50%

women customers by 2025

Okcoin customer growth by age:
18-24
1000%
25-40
715%
41-56
819%
51-75
742%
75+
778%
Group 2951

In it for the long haul 

2021 was the year of diamond hands 💎 🙌, the symbol of people with long-term crypto conviction who don’t intend to sell anytime soon.

13.3M

Quantity of bitcoin (BTC) that has not moved in a year

50%+

This equates to more than half of BTC in existence

436%

increase in BTC holders

+305%

Supply of BTC that has not moved in a year

Okcoin customers are also leveraging the power of recurring buys to buy a little at a time and avoid the stress of trying to time the market.

22x

increase in customers using recurring buys

A year of assets

Do you even stack?

Bitcoin remains king, but our customers love their Stacks (STX). We were the first to list STX in 2020 and it has since become, excluding Bitcoin and Ethereum, our one of our customer’s favorites and first assets to buy.

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01-04
01-05

Top increases in trade volume:

Group 2278

+474%

Bitcoin

Group 2279

+812%

Ethereum

Group-(17)

+1440%

MiamiCoin

Group 2281

+1765%

Litecoin

Group 2280

+1798%

Stacks

First assets bought

btc 1
Bitcoin
Vector (1)
Stacks
Vector (2)
Tron
Vector (3)
Ethereum
Group (13)
Miamicoin

Most talked about cryptos

btc 1
Bitcoin
Vector (4)-1
Doge
Vector (3)
Ethereum
Vector (5)
Cardano
Vector (6)
Tezos
[Source: LunarCrush]

A year of Lightning

Lightning burst onto the scene in a big way. Not only did El Salvador enable lightning transactions for the entire country, but the total Lightning capacity quadrupled.

Bitcoin Lightning Capacity

01-03-test
Group 3168

Lightning on Okcoin

In March, Okcoin became the first and remains the only U.S. licensed exchange to integrate Lightning for deposits and withdrawals.

In a few months, our Lightning node has:

14th

largest node by capacity

44 BTC

capacity across 90 channels

314%

growth in capacity since June 2021

2x

activity on Lightning on Okcoin since launch

120%

growth in transaction per user per month

While transactions are mostly in the US, we’re seeing more people in developing countries use Lightning.

01-07

Why do people use Lightning? Here’s what our customers said:

Group 1304

lower costs and fees
Group 1297

transaction speed
Group (14)

supporting bitcoin ecosystem

 

People have started talking about crypto a lot more this year. According to our friends at LunarCrush, here are some of the most discussed crypto stories and people on social media this year.

Group 3097

A year of stories

NFT marketplace OpenSea hits $1 billion valuation

Read story

Mark Cuban invests in Ethereum Layer 2

Read story

Visa to allow crypto purchases at US banks

Read story

Vitalik Buterin Burns $6B in SHIB Tokens, Says He Doesn't Want the 'Power'

Read story

Dogecoin price skyrockets after Elon Musk calls himself the Dogefather

Read story

El Salvador makes bitcoin legal tender

Read story

Jack Dorsey about Bitcoin: “I don’t think there’s nothing more important in my life to work on”

Read story

You can get paid in Bitcoin using Twitter

Read story

Michael Saylor discusses Microstrategy Bitcoin accumulation

Read story

PBoC says Bitcoin has no value

Read story

Top 5 crypto influencers

And people were talking about us, too.

VentureBeat covered us when we released the easiest-to-use crypto app.

Read story

BusinessInsider mentioned us when we grew our institutional business +450%.

Read story

CoinTelegraph talked about us when we partnered with Randi Zuckerberg and announced a new advisory council and $1M commitment to getting more women in crypto.

Read story

TheBlock featured us when we launched Sats Mode and pushed toward a friendlier decimal-less standard for bitcoin

Read story

A year of Earning

This was the year of DeFi growth. More than $75B worth of assets found their way into DeFi this year, a 5x increase from 2020. Total value of assets in DeFi peaked at $86.59B in September.

TVL is the metric used to measure the sum of all assets deposited into DeFi protocols earning rewards.

Proof-of-stake networks broke record after record this year.

$594B

combined market cap

$18B

staking rewards value

Top 5 DeFi platforms by total value locked (TVL)

Rank Name Chain Category Locked (USD) 1 Day%
Rank1 NameMaker ChainEthereum CategoryLending Locked (USD)$19.23B 1 Day%3.73%
Rank2 NameCurve Finance ChainMultichain CategoryDEXes Locked (USD)$15.23B 1 Day%-
Rank3 NameInstaDApp ChainEthereum CategoryLending Locked (USD)$12.00B 1 Day%1.47%
Rank4 NameAave ChainMultichain CategoryLending Locked (USD)$11.68B 1 Day%8.03%
Rank5 NameCompound ChainEthereum CategoryLending Locked (USD)$11.12B 1 Day%4.69%

DeFi and staking on Okcoin

You can get even more from your crypto with our
fee-free staking and DeFi offers with Okcoin Earn.

Learn more

20x

increase in customers using Earn

Group 3253 1

Top 5 Okcoin Earn offers

1
Stacks
2
MiamiCoin
3
Polkadot
4
Avalanche
5
USDC
01-05-1
01-02

A year of building

The foundation of all this growth is the developers building every day.

A year of building

The foundation of all this growth is the developers building every day.

8,000

monthly active developers working in crypto

2,300

monthly active developers working on Ethereum

$1M+

Okcoin annual contributions to Bitcoin Core developers

image 2 (1)

That’s all the more impressive knowing Bitcoin’s development relies exclusively on community-funded volunteers. Not many people know this though so we published a free eBook earlier this year to explain how Bitcoin development works, how it’s funded, and how we can all help.

A year of You

Let’s just say this year was kind of a big deal.
And it all couldn’t have happened without you.
Way to hold it down all the way to 2022.

New customer offer

New to Okcoin?
You can create an account
and get $50 in bitcoin, on us.

Existing customer offer

Already on Okcoin?
Refer friends and split
$100 in bitcoin with them.