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Messari Report: Asia occupies six of the world's top ten crypto unicorns

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Of the top 20 token projects by market capitalization, more than 40% are also from Asia.

Rhythm BlockBeats news, on January 20, encryption analysis agency Messari released an Asian encryption ecology report, which shows that Asia, which accounts for 60% of the world's population, also occupies a dominant position in the encryption market.

According to the Messari report, by the end of 2020, six of the top ten crypto unicorns in the world were located in Asia. Today, more than 40% of the top 20 token projects are also from Asia, either by Asian-American founders or company headquarters in the region.

In addition, Asian institutions or companies also account for 98% of ETH and 94% of BTC futures trading volume. The nature of traditional finance has played a key role in the adoption of cryptocurrencies, with capital controls in China, South Korea and Japan driving investors towards cryptocurrencies.

As of the end of 2019, among the top ten cryptocurrency companies in the world, Bitmain, Canaan Technology, Binance, Block .one, Ebang International, and Liquidd are all classified as Asian companies by Messari. And as of January 2021, among the top 20 token projects by market capitalization, 42% of token project teams or project offices are from Asia (as shown in the figure below):

Picture: Messari, Translation: Rhythm BlockBeats

Furthermore, according to Chainalysis, 42% of all cryptocurrency activity between June 2019 and June 2020 took place in Asia, with a transaction value of $296 billion (see below).

East Asia Crypto transactions (primarily in China) were larger, with 90% of activity above $10,000. The East Asian market has more frequent short-term transactions and a wider variety of trading tokens; while North America focuses more on long-term holdings of Bitcoin. Asian institutions or companies also account for 98% of ETH and 94% of BTC futures trading volume. Central Asia, South Asia, and Oceania rank third for small transactions, with 15-22% of transaction activity under $10,000.

Due to various reasons, Asia plays an important role in the crypto market. Each country has its own nuances, driven by factors such as high penetration of public market investing, high-tech background, penetration of WiFi, deep penetration of electronic payments, and high rates of computer science graduates.

In addition, Asia as The development of the financial center has also promoted the progress of financial technology. Japan, Shanghai and Hong Kong are all among the world's five largest stock markets. In addition to transactions, China controls 65% of Bitcoin's computing power. Malaysia has one of the lowest electricity prices in Asia and ranks fifth in computing power (As shown in the picture below) .