The Expanding Blockchain Market

As of December 2022, Bitcoin's market capitalization is approximately JPY 43 trillion, Ethereum with JPY 20 trillion, and the entire crypto asset market with over JPY 105 trillion.

A little more than a decade after the birth of crypto assets, the scale of daily transactions has already expanded to nearly JPY 10 trillion. In addition to increased holders of widely recognized tokens like Bitcoin, new features were added as networks like Ethereum and Solana continued to upgrade, and interest in meme coins like Dogecoin and Shibainu (Shiba In token) has heightened. Not only the token but also blockchain technology is also getting utilized in various industries. In addition to FinTech, retailing, energy and logistic industry utilize it for ID management and CBDC. This trend is not only in small startup but also mega corporations and even nations.