Nischal Shetty, the founder of the WazirX exchange, posted a tweet on Friday morning encouraging followers to #BuildForCrypto as the blockchain market shows huge potential. Several Twitter users noted that this growth is not very feasible because of the recent sanctions and government policies, which have eroded the industry. Day 73 The Blockchain market is projected to grow from $4.9B in 2021 to $67.4B by 2026, at a Compound Annual Growth Rate (CAGR) of 68.4% This is one of the fastest growing sector Web3 forms the bulk of blockchain applications Time to #BuildForCrypto pic.twitter.com/l43s2wdUg8 — Nischal (Shardeum) ⚡️ (@NischalShetty) April 15, 2022 According to industry data, the Blockchain market size is anticipated to expand from $4.9 billion in 2021 to $67 billion by 2026, rising at a Compound Annual Growth Rate (CAGR) of 68.4% throughout the forecast period. The primary reasons contributing to the market’s rapid expansion are growing venture capital financing and investment in blockchain technology, increased usage of blockchain solutions in cybersecurity and banking, and widespread usage of blockchain solutions for smart contracts, payment, and digital identities. Increasing government efforts is also another factor influencing the market. The selling of blockchain technology and associated services constitutes the blockchain technologies market. Blockchain technology is the development of a distributed database that ...
