CoinList 2022: Year in Review

2022 has been an insane year for the crypto market.

The industry has been hit with macroeconomic challenges, scandals, enforcement actions, and a few notable collapses. At the same time, bitcoin surpassed 1 billion unique addresses, huge brands joined the metaverse, Ethereum transitioned to Proof-of-Stake, and significant progress was made in categories like onchain identity and scalability.

For CoinList, 2022 has been a strong year despite numerous headwinds. We helped 6 of the best builders in crypto connect with communities of early adopters through community sales; added over 1 million verified users; enabled users to earn $50 million in staking rewards, incubated 18 startups in CoinList Seed; improved first-response time by from 7 days to 1 day; and launched several new products for both builders and early adopters.

Here’s a closer look back at some of what we accomplished in 2022:

1. We added over 1,000,000 early adopters to our community

We’ve increased our KYC-approved user base by 1,000,000 globally, with users in more than 170 countries. On a more regional level, we saw up to 80% growth in Eastern Europe and up to 20% in Asia.

Our users include validators, miners, founders, CEOs, crypto funds, bitcoin OGs, as well as a broad array of crypto early adopters that are passionate about moving crypto forward.

2. We connected builders with high quality early adopters

• Community Sales: CoinList community sales have added more than 230,000 new early adopters to top crypto projects like Axelar, Project Galaxy, Nym, Tribal, Ondo, and Stader this year alone. Over $115M in tokens were purchased through CoinList community sales in 2022. We also introduced the new Additional Allocations feature that allows token purchasers to request additional tokens for purchase during community sales while providing a frictionless path for builders to fulfill their need for high-quality community growth.
• CoinList Karma: We grew the CoinList Karma community by 150%. Karma is a point system that recognizes a user’s contribution to token networks on CoinList through value-add activities.
• CoinList Governance: We improved our governance product to encourage early adopters to vote and contribute to network improvements. CoinList Governance increased the number of voters in governance proposals by up to 120x for projects like Braintrust and Project Galaxy.

3. We enabled users to earn nearly $50 million in staking rewards

On CoinList, it’s never been easier to put your crypto to work. Users of CoinList's staking services have received nearly $50 million in staking rewards by leveraging their tokens to enhance network security for many projects, including Axelar, Agoric, Casper, and Mina.

4. We hit $400 million in monthly trading volume

Monthly trading volume on CoinList Pro, our full featured spot exchange, hit nearly $400M in 2022. We listed 9 new assets for trading this year, including Agoric (BLD), Compound (COMP), Project Galaxy (GAL), Gods Unchained (GODS), Stacks (STX), Threshold (T), and Clover (CLV).*

5. We incubated 18 early stage startups through CoinList Seed

In 2022, we hosted 18 startups in CoinList Seed, our virtual demo day for early-stage crypto startups. The latest members of the CoinList Seed family include projects like Smoothie, Immortal Game, Decent, Loop Crypto, and Nillion.

Participants have benefited from broad exposure to the CoinList community of over 5 million KYC-verified users, collaborations with other CoinList Seed companies, and lots of love from crypto media.

Many CoinList Seed alumni have gone on to raise from top tier investment funds and launch their tokens, protocols, or Dapps across the crypto ecosystem with widespread adoption. If you’re an entrepreneur or developer working on a crypto project, we want to hear from you.

6. What you can expect from CoinList in 2023

We believe that many more blockchain companies will be built and play a huge role in shaping the future of society.

Looking ahead to 2023, we have many exciting things in the pipeline, including a completely new UI based on user feedback, a hugely simplified and improved KYC/KYB flow, investment into infrastructure, a mass rollout of Wallet Link product, and of course more exciting and compliant community sales.

We’re on the right path, and doing the right work to drive the advancement of blockchain technology. We wish everyone a fantastic holiday season and look forward to doing it all again in 2023.

If our mission excites you, check out our open roles here »

Legal notice

*Asset availability subject to user jurisdiction.

This blog post is being distributed by Amalgamated Token Services Inc., dba “CoinList,” or one of its subsidiaries. This blog post and use of the CoinList website is subject to certain disclosures, restrictions and risks, available here.