Over 35 Million Blockchain Wallets Have Now Been Created, Data Shows

Recent data from market and consumer data provider Statista shows that the total number of Blockchain wallets “has been growing [steadily] since the creation” of Bitcoin (BTC), the world’s most dominant cryptocurrency.

As confirmed by Statista, there were “nearly 35 million Blockchain wallet users at the end of March 2019.” Since its launch in August 2011, the Blockchain wallet has provided a web-based interface which allows users to store, manage, and transact in several different cryptocurrencies including bitcoin, ether, and bitcoin cash.

The leading crypto wallet provider and block explorer service also recently added Stellar (XLM) and Paxos Standard Token (PAX) to its list of supported digital assets. Data from Blockchain's website itself confirms the figure.

Blockchain wallet user growth

$70 Million Raised YTD For Business Operations

According to Blockchain.com’s (legally known as “Blockchain Luxembourg S.A.”) Crunchbase profile, the company has so far raised $70 million to help funds its business operations. Blockchain.com’s latest fundraising round was announced on March 27, 2019 with investments from Future Fifty, a London-based program focused on “accelerating the growth of a selected group of growth-stage digital companies.”

In the last 30 days, the Blockchain Wallet and its related applications have been downloaded (or accessed) over 361,000 times, which represents a monthly download growth, or increase, of around 18%.

Notably, Blockchain is presently “ranked 3,496 among websites globally based on its 13,623,773 monthly web visitors.”

Working With Stellar To Promote Mainstream Crypto Adoption

In early November 2018, the management at Blockchain announced that they had partnered with the developers of Stellar, in order to launch the "largest airdrop in the history of crypto." The massive airdrop involves the distribution of $125 million in XLM to Blockchain wallet account holders.

XLM is a digital asset with the ninth highest market capitalization of around $1.94 billion - according to CryptoCompare data. At press time, one XLM is trading at approximately $0.101624.

As noted by Blockchain.com’s management, Blockchain wallet users would each receive $25 in XLM after completing the required know-your-customer (KYC) checks. The XLM giveaway came in order to help spread awareness about cryptocurrencies and also to encourage people to learn more about blockchain-based digital assets.