The crypto market cap grew by over $15.4 billion last year - Chepicap

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A recent report published by Diar indicates that roughly $15.42 billion have been added to cryptocurrency’s overall market cap. The figure is attributed to the creation of new tokens and crypto asset inflation during the year.

The report found that the creation of new cryptocurrencies has added over 12% of the current combined cryptocurrency market cap.

The largest contributor to this was new token additions, making up over $4.96 billion of the $15.42 billion that was added last year.

According to the research, more than 700 cryptocurrencies were added to the market in 2018 – more than existed during 2018 – representing a 50% increase at the start of 2019 vs 2018.

Bitcoin was responsible for adding more than $2.62 billion to the total combined crypto market cap – the largest of any single cryptocurrency. Ethereum contributed around $1.55 billion.

The inflation of all circulating cryptocurrencies in 2018 added a further $4.17 billion. Stablecoins and the creation of Bitcoin SV added $1.26 billion and $1.03 billion respectively.

Burned tokens removed $195 million worth of value from the market, according to the report.

Read more: EOS holds on to top spot in China Blockchain rankings, Bitcoin climbs to 15th; Crypto fund advisor: Bitcoin "is evolving into a global reserve asset"

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