NEW YORK, Sept. 27, 2022 (GLOBE NEWSWIRE) — The rise of blockchain technology has been a hot topic for some time now, and there are conflicting opinions about its potential. To see how the blockchain industry is holding up after the turbulent years of COVID-19 and a downturn in crypto markets, Coresignal, a leading public business data provider, conducted research and analyzed the trends of blockchain start-ups. It has been found that the number of new blockchain companies globally has decreased by 93.9% since 2018 (from 8,112 in 2018 to 492 in the first half of 2022).
The report also shows that most of the newly founded blockchain companies were located in the US and the UK. Comparing the distribution between continents, when it comes to the total number of new blockchain companies in the period 2018-2022, Europe takes first place. Europe is home to nearly 6,000 new blockchain companies, while N. America takes second place with nearly 5,000 newly founded blockchain companies.
Coresignal also analyzed the labor market competitiveness of newly founded blockchain companies. It has been shown that job competition among newly founded blockchain companies is relatively low compared to average numbers. On average, a company position attracts around 250 applicants. However, new blockchain companies limited to 26 applicants per job advertisement.
Another interesting finding is that job competition in newly founded blockchain companies was highest in Africa, followed by Europe and South America.
Analyzing investor interest, it was revealed that the most externally funded companies are US based and operate in the Financial Services or Computer Software/Games industry.
The top three new US-based blockchain companies received a total of $3.5 billion in funding, while the three most funded Asian and European blockchain companies only received around $800 million and $140 million, respectively.
Find more information about the companies, their sizes and more detailed statistics on the overall trends of newly founded blockchain companies in the full report New Blockchain Companies’ Growth Trends 2018-2022
About Coresignal
Coresignal is a leading public enterprise data provider in the online data sphere with an extensive focus on firmographic data and public employee profiles. By leveraging data from 575 million professional profiles and 92 million company records, companies can build data-driven products and generate actionable insights. Coresignal is exceptional in terms of data freshness, with 274 million records updated monthly for unparalleled accuracy and relevance.
Contact information:
Aukse Budelyte-Janauskiene
PR manager
[email protected]
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Figure 1: Newly founded blockchain companies by year
Newly founded blockchain companies by year
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Newly founded blockchain companies by year
