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The U.S. blockchain technology market size accounted for USD 8.70 billion in 2024 and is estimated to be worth around USD 619.28 billion by 2034, growing at a CAGR of 53.2% from 2024 to 2034. North America led the blockchain technology market with the highest market share of 46% in 2023.
In 2019, it was estimated that around $2.9 billion were invested in blockchain technology, which represents an 89% increase from the year prior. Additionally, the International Data Corp estimated that corporate investment into blockchain technology would reach $12.4 billion by 2022. [81]
Such requirements for tailored development, plus the complexities involved in securely deploying blockchain, drive the extraordinary growth of the development and integration services segment of the Blockchain Security Market. By solution, the smart contract security solution segment accounts for the largest market size.
Blockchain technology provides secure, tamper-proof ledgers that significantly enhance the accuracy and safety of information sharing in financial services. According to industry reports, blockchain solutions can improve transparency among market participants and reduce risks associated with fraud, theft, and mis-selling of high-value assets.
A blockchain is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". [63] For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given ...
The market capitalization of the Solana blockchain surpassed $63 billion in September 2021, [17] and reached $74 billion in early November 2021, having risen by nearly 12,000% that year to a price of $259.96. [2] The blockchain's popularity at this time was due in part to interest in NFTs. [6]
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