Crypto donations are expected to hit $10 billion by 2032, according to a report by crypto charity platform, The Giving Block. The report revealed that crypto donations reached a record level of over $125 million in 2022, with USDC accounting for 44% of the volume, followed by Ether and Bitcoin. The report also noted the "outsized stability" in crypto philanthropy versus other crypto use cases due to tax incentives and market volatility.

The Giving Block expects crypto philanthropy to gain more prominence in the nonprofit sector and among crypto investors. Ethereum co-founder Vitalik Buterin was the largest donor contributing $9.4 million through his philanthropic fund, called Balvi.