Big Crypto Poll: Results ๐ณ๏ธโ
Intro to our multi-part series unpacking the results of our Big Crypto Poll
We asked, and you answered. In late 2024, we conducted our first ever Big Crypto Survey. You gave us reams of data, qualitative and quantitative, and weโve been sorting through it ever since.
The survey included 51 questions, and we got back 63 responses (with everybody completing all the way to the end!)
We also happen to know a thing or two about data science, so we understand obvious caveats, like n>50 is good but another 1000 respondents would have been preferable (duh). Fortunately we have just enough data to be able to lightly dissecting the data without overly torturing it. We know that all results are, at best, mere hypotheses that merit further exploration.
We also know a thing or two about bias. For example, when we solicit respondents from a Curve-focused blog, weโre hardly surprised when we find Curve pops out as respondentsโ favorite protocol. Nor are we surprised when such respondents are less interested in VCs and memecoins than crypto users writ large.
Throughout this series, weโll offer notes on bias where itโs obvious. Fortunately, weโve found our readers to generally be intelligent adults who can interpret these things for themselves. We often include anonymized pull quotes from respondents in their own words, which was the best part of the results in our unscientific opinion.
We do regret taking so long to crunch these numbers. We know a week is a lifetime in crypto, so a lot has happened since this survey. Bitcoin skyrocketed from under $60K to over $100K. America elected and inaugurated a new President. Surely if we redid the survey some factors would already change. This survey is, like all surveys, a good snapshot into a particular moment in history among a particular group of people.
We accept that the data is what it is, a peek into one particular corner of crypto. Accept or reject as you like, but we hope you read on. The results fascinated and often surprised us. Factoids like:
Users who relied on YouTube as a source of crypto info were wealthier
Wealthier users are more likely to be heavier users of L2s
Europeans are 43% more likely to use Solana
Due to the volume of data, weโre releasing this in a series of upcoming articles (subject to change). As we have the articles released, we'll update this table of contents with links.
Next in lineโฆUsage
User Experience
The Future
Finally, weโll be tidying up the dataset and releasing it when itโs free of any anonymized data, but feel free to ask for more clarity on any points.
Claim instructions for survey respondents!
We expect this will be a work in progress, so your feedback will help shape this!