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Crypto Donations to Surpass $10B in a Decade: The Giving Block

Crypto donations on the platform The Giving Block exceeded $125 million in 2022, and the charity project predicts that it could surpass $1 billion in August 2027, reach $5 billion in June 2031, and exceed the $10 billion mark in November 2032. The predictions are based on data collected by The Giving Block on crypto donations and its analysis of Bitcoin's price trajectory. The most used cryptocurrencies in donations were USD Coin (USDC) with 44% of the volume, followed by Ether (ETH) with 24% and Bitcoin with 17%. The largest crypto donation of the year was made by Ethereum co-founder Vitalik Buterin, who donated $9.4 million through his philanthropic fund. The Giving Block has also highlighted six charities that benefited from crypto donations, including Orangutan Outreach and Trees for the Future.

(By EZRA REGUERRA)

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