We previously highlighted that blockchain technology saw its highest Q2 funding ever in 2018. This blog post will take a closer look at the trends within the individual blockchain technology categories. Per our analysis, we can say that the Blockchain Innovations category is the unequivocal funding leader. We’ll discuss this with some charts below.
To start off, let’s review the amount of funding raised this quarter per category within blockchain technology.
The above graphic highlights that the Blockchain Innovations category leads the sector in Q3 funding with $0.9B. Its funding is almost 10 times the funding of the next category, Financial Services at $0.1B.
Blockchain Innovations category contains companies that are working on blockchain distributed ledger technologies. Examples include increased speed for financial transactions, smart self-enforcing contracts, and cross-blockchain interoperability. Some example companies in this category include Blockstream, Filecoin, Blockstack, and Ripple.
Let’s now investigate how the blockchain technology categories’ funding compare with each other historically.
The graph below shows the all-time funding for the various blockchain technology categories. The Q3 funding and growth rates of these categories are also highlighted.
As the bar graph indicates, the Blockchain Innovations category also leads in total funding at $5.7B. Its funding is almost 5 times the funding of the next category, Exchanges at $1.2B.
In summary, the Blockchain Innovations category is the indisputable funding leader in the sector!
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