Crypto donations crossed the $1 billion mark in 2024, fueled by rising cryptocurrency values and clearer regulations worldwide. The Giving Block, a nonprofit fundraising platform, reported the milestone.
Crypto donations reached over $1 billion in 2024. Source: The Giving BlockThe surge in donations coincides with greater institutional adoption of cryptocurrency. With clearer regulations, more financial institutions have entered the space, strengthening crypto platforms and boosting confidence among donors.
“More regulatory clarity means more institutional investment and stronger crypto platforms that are built to last,” The Giving Block said. “All of this lends itself to growing the crypto sector, which is the tailwind that drives all crypto philanthropy.”
Top U.S. States Leading Crypto Donations
In the United States, a handful of states accounted for the majority of crypto donations in 2024. New York led with 22% of the total donation volume, followed by Florida (15%), California (13%), Pennsylvania (11%), and Washington, D.C. (10%). The report noted that crypto giving is spreading geographically, indicating a broader adoption of digital philanthropy.
Education and Healthcare Receive the Most Crypto Donations
Charitable causes receiving crypto donations were diverse, though education (16%) and health and medical initiatives (14%) saw the largest share. Other causes, such as environmental and social justice efforts, received between 5% and 10% of total donations.
The Giving Block also highlighted the growing intersection of artificial intelligence and cryptocurrency donations. AI-powered tools are making it easier to facilitate donations, and in the future, autonomous systems could manage charitable giving, increasing efficiency and impact.
Bitcoin, Ethereum, and Solana Dominate Crypto Donations
In 2024, Bitcoin, Ethereum, XRP, and Solana made up 90% of all crypto donations. This marks a shift from 2023, when stablecoins accounted for 44% of all crypto giving. The report suggests that donors prefer stablecoins during market downturns due to their price stability, but when prices rise, they donate appreciating assets instead.
According to The Giving Block, the average crypto donor is in their 20s or 30s and wealthier than traditional donors. Many donors are either long-time crypto believers who want to “pay it forward” or investors looking to benefit from the tax advantages of donating crypto instead of cash.
The platform noted that donating crypto is often more tax-efficient than giving cash or stocks, making it an attractive option for high-net-worth individuals.
Crypto Giving Expected to Reach $2.5B in 2025
The Giving Block projects that crypto donations could reach $2.5 billion in 2025, driven by increased wealth generation and a favorable political environment for digital assets. The platform also predicts that memecoins could play a bigger role in philanthropy as adoption expands.
Looking further ahead, crypto giving could skyrocket to $89 billion by 2035.
The post Crypto Donations Surpass $1 Billion in 2024 — The Giving Block Reports first appeared on Coinchapter.
The post Crypto Donations Surpass $1 Billion in 2024 — The Giving Block Reports appeared first on Coinchapter.
