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To use crypto terminology, the second quarter was a painful one if you were HODLing (especially as measured by exchange activity and price action) – but a productive one if you were BUIDLing (usage and tech developer work charging forward, and major milestones hit around BTC and ETH).
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nvestments in the industry continued to boom, with notable increase in the size of fundraising for projects, as well as in the sophistication of how the offerings are structured. Average ICO size has steadily grown from $6 million in Q3 2017 to $16 million in Q4 to $31 million in Q1 2018 to $39 million in Q2 2018. The numbers in Q1 and Q2 were boosted by the back-to-back mega ICOs of Telegram ($1.7 billion) in Q1 and EOS ($4.2 billion) in Q2.
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