The blockchain messaging application market has the potential to grow by over 40% annually.

Blockchain Messenger Market to Hit $500M

Blockchain messengers are on the verge of mass adoption. This is the conclusion reached by analysts at Grand View Research. According to their data, the forecasted compound annual growth rate for this market segment is 43.6% over the next few years. The total volume of the blockchain messaging app market will reach $536.5 million by 2030. 

Analysts say the blockchain messenger market was approximately $22.2 million in 2021, with North America accounting for about 30% of the market. But in the next seven years, the most rapid growth of this market segment is expected in the Asia-Pacific region. 

The main reasons why blockchain messengers are gaining popularity among users are improved privacy and data security. This is achieved through end-to-end encryption and the lack of a centralized service provider. 

Recall that only yesterday, the app Damus by Nostr, known as a decentralized “Twitter killer”, became available for App Store users. The project positions itself as a “social network you control,” with end-to-end encryption of personal messages and the Lightning Network integration. The project is actively supported by Jack Dorsey, Co-Founder and ex-CEO of Twitter, who announced a similar project, Bluesky, in 2022.

Author: Evgeny Tarasov
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