According to a recent Crypto.com survey, it only took four months for the cryptocurrency population to rise from 106 million in February to 203 million in May.
According to recent research, cryptocurrency adoption has risen this year, with the global crypto population tripling since January.
On Thursday, prominent digital asset business Crypto.com revealed the results of its most recent poll of global cryptocurrency users, finding that the number of crypto users globally had 100 million in January to 221 million in June.
The business noted that crypto usage has been quickly rising this year, with the crypto population nearly doubling in four months, from 106 million in February to 203 million in May.
In comparison, it took nine months for the number of worldwide cryptocurrency users to increase from 65 million to 100 million since Crypto.com began tracking crypto adoption levels.
According to the findings, Bitcoin (BTC) and the second-most valuable cryptocurrency, Ether (ETH), have been losing market share in terms of crypto owner composition, while the number of people owning other digital assets has been gradually increasing.
The survey also discovered that this year's enormous increase in crypto users coincided with some noteworthy increases in the popularity of altcoins, or cryptocurrencies other than Bitcoin.
According to Crypto.com's research, the increase in altcoin adoption was likely fueled by an inflow of new users interested in altcoins like Dogecoin (DOGE) and Shiba Token (SHIB) following Elon Musk's criticism of BTC mining for claimed environmental impact.
Crypto.com's newest crypto population survey comes after the firm issued the first-ever edition on gauging worldwide crypto users in May 2020. The methodology of the study examines on-chain data in conjunction with “additional blended parameters” to estimate the number of global crypto owners globally.
The most recent study covers data from 24 major worldwide cryptocurrency exchanges, including Binance, Coinbase, Huobi, and others.