ICORating Q2 2018 ICO Market Quarterly Report

30.07.2018

Our second quarterly report for 2018 outlines the main trends and key developments for the ICO market in Q2. The nature of investment in the market continued to change, and the amount of money and degree of requirements for projects has multiplied.

The report highlights three key developments. First, we noticed a sharp increase in the share of institutional capital and a continued decline in the number of retail investors. Second, the impact that crypto exchanges have on the market continues to rise significantly. Lastly, we noticed that many projects preferred to raise the majority of their ICO funding in private sales rather than public sales.

872 ICO projects raised $8,359,976,282 in Q2, helped along by the monster EOS ICO, which raised $4,197,956,135, more than half the total for the quarter. With funds raised in Q2, the total raised in 2018 stands at $11,690,981,663, already more than all of 2017 and ten times the amount raised in Q1 and Q2 of 2017. 

On average, the top ICO projects (excluding EOS) raised $50 million over an average of 63 days. Of the 827 projects, only 204 raised more than $100,000 and only 61 were able to get listed on an exchange. The top three ICOs (excluding EOS) were Pumapay ($117 million), Flashmoni ($72 million), and HYCON ($68 million).

Full version of the report is available on our website.

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