According to analysts from The Block, despite the COVID-19 pandemic, 2020 has been a very successful year in terms of investment in cryptocurrency companies.
This year, about $3.1 billion was invested in firms working with blockchain and cryptocurrencies. The total number of transactions was 774. At the same time, there was a significant decrease in activity (by 61%) in the first and second quarters, although the situation improved towards the end of the year.
The researchers also report that there were 83 mergers and acquisitions in 2020. The volume of such transactions amounted to $691 million, which is 28% more than last year. Meanwhile, the purchase of CoinMarketCap, Blockfolio, and Tagomi services accounted for 96% of the total volume of transactions.
Earlier it was reported that 129 mergers and acquisitions have been conducted in the blockchain industry since 2013. The total value of such transactions amounts to $2.9 billion. In 2019, investments in the blockchain amounted to $3.7 billion, with a total of 741 transactions.
