ICO Market Increased Twice for 2018
August 10, 2018
According to the study conducted by independent rating agency ICORating, the ICO market has grown more than twice over 2018 and 10 times when compared with 2017. The report of the research published in August 8 says that over the first two quarters of 2018 companies have raised more than $11 billion with ICOs which is 10 times more than over the same period in 2017. In addition, the market has already doubled this year. With $3.3 billion invested in ICO in the first quarter of 2018, the second one saw $8 billion attracted.
“Funds raised by EOS project account for most of this increase, they have collected $4,197,956,135 for a year-long ICO”, the report says.
As for the geographic reach, there are various leaders in different categories. Europe accounts for the greatest number of the launched ICOs (46%) while North America for the largest amount of funds raised (65%). The Asia-based projects are reported to attract 20% more although their number shrank by 40%.
Among the most crucial observations made by the study is institutional capital share increase. ICORating points out that the number of individual investors keeps lowering while that of the institutional ones goes up. This was caused by tougher requirements set for investors as well as more collaboration between the projects and investment funds. The leading ICO fields by amount of raised funds include financial services, blockchain infrastructure development, banking and payments.