The most recent of a series of quarterly updates that began in 2014, our State of Blockchain Q3 2017 report includes over 100 graphs that tell the story of another historic quarter for the industry.
Divided into sections designed to help readers navigate the comprehensive industry data, the report also includes a unique sentiment survey with over 50 questions that provide insight on developing market trends.
Here are the highlights:
1. Market overcomes regulatory challenges
Bitcoin hit all-time highs in Q3, and macroeconomics were at the heart of the push.
Our State of Blockchain Q3 sentiment survey found that readers believe bitcoin’s most important attribute is now its ability to act as a hedge against monetary uncertainty. Notably, this may be as that conviction was challenged uniquely this quarter, with multiple executive authorities announcing regulatory action.
Q3, for example, saw Chinese regulators demand that exchanges stop trades. BTCC, one of the largest Chinese exchanges, complied with the order and stopped trades on the final day of Q3.
Still, the growth of global trade volume couldn’t be stopped. As the charts show, the actions by China’s regulators barely registered on a chart that was otherwise up…