The Giving Block reported that USDC accounted for 44% of the crypto donation volume on its platform in the last year, followed by ETH (24%) and BTC (17%).
Data collected by the crypto charity platform The Giving Block shows that cryptocurrency donations are expected to rise to $10 billion in the next ten years.
According to Giving Block’s 2023 annual report titled “Crypto Philanthropy Data, Trends & Predictions,” regular crypto donations on the platform will reach $125 million in 2022. Based on the available data, the crypto charity predicted that it could reach $1 billion by August 2027, hit $5 billion by June 2031, and reach the $10 billion mark by November 2032.
In addition to the platform’s data on crypto donations, The Giving Block bases its predictions on its Bitcoin analysis BTC ($28,524) price trajectory. The platform predicted that BTC could reach $100,000 in September 2026 and $250,000 in October 2029.
The charity also highlighted the most popular cryptocurrencies in donations and the biggest crypto donation of the year. About the most popular crypto used in the offering, USD Coin USDC ($1.00) represented 44% of the volume, along with Ether ETH ($1,795) followed by clothing at 24%, and BTC at 17% of contributions.
Meanwhile, Ethereum co-founder Vitalik Buterin holds the record for the biggest crypto donation of the year, donating $9.4 million from Balvi, his fund. As charities and crypto donations increase, some may wonder where the donations go. In 2022, Block is donating to six charities that have benefited from crypto donations. These include the orangutan conservation project, Orangutan Outreach, which cares for orphaned and displaced orangutans, and the regenerative agriculture project, Trees for the Future, which has successfully planted 2.3 trees as a result crypto gift he received.
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