Quick summary
- As of April 2023, over 23,000 different crypto assets existed, many of which had their own blockchain.
- Spending on blockchain solutions was forecast to grow from US$4.5 billion in 2020 to an estimated US$19 billion by 2024.
- Countries leading the adoption of blockchain include El Salvador, Singapore and the United Arab Emirates (UAE).
- From Adobe to Mastercard to Sotheby’s, a number of notable companies now employ blockchain technology.
- At around 4,000 transactions per second (TPS) on average, the Solana blockchain can process the most TPS of all public blockchains. What’s more, it can theoretically process up to 710,000 TPS. To compare, Bitcoin and Ethereum only process 7 TPS and 15 TPS, respectively.
- In March 2023, Ethereum processed approximately 3x more transactions than Bitcoin.
