Crypto Donations Surpassed $1 Billion in 2024

Donations in crypto exceeded one billion dollars in 2024, a historic record driven by rising markets and a more favorable regulatory framework.

Crypto donations explode

According to The Giving Block report, more than 70% of major U.S. charitable organizations now accept crypto donations.

Five states concentrate the majority of donations: New York leads with 22% of the total volume, followed by Florida (15%), California (13%), Pennsylvania (11%), and Washington DC (10%). This distribution evolves each year, a sign of the democratization of crypto donations across the country.

Education and health are the most supported causes, receiving 16% and 14% of donations, respectively. Other sectors share the remaining contributions, with shares ranging from 1% to 10%.

The year 2024 also marks a change in the cryptos used for donations. While stablecoins represented 44% of donations in 2023, four cryptocurrencies now dominate the market: bitcoin, Ether, XRP, and Solana together total 90% of the donated assets.

A promising future driven by a new generation

Who are the cryptocurrency donors? The typical donor profile is an investor between 20 and 30 years old with significant wealth. Two categories are distinguished: on one side, blockchain enthusiasts, “crypto-evangelists”, and on the other, “optimistic investors” looking to combine tax reduction and social engagement.

The Giving Block has reported to Cointelegraph that crypto donations indeed offer significant tax advantages compared to traditional donations, with greater flexibility than donations in stocks. The arrival of artificial intelligence in this sector promises to open up new perspectives for social impact blockchain projects.

In summary, the future looks promising for crypto philanthropy. The Giving Block anticipates $2.5 billion in donations in 2025, with a growing diversification of donated assets, including memecoins. In the longer term, the sector could reach $89 billion by 2035.

Meanwhile, the platform has launched an emergency fund to support victims of the fires in Los Angeles. This solidarity initiative proves that cryptos, despite criticisms, are establishing themselves as effective and transparent charitable tools.