PwC found that ICO volume reached new record highs in the first half of 2018.
Per the report, between January and May 2018 alone, ICO volume is already twice as much as it was during the entire year of 2017.
In comparison, in 2017 there were a total of 552 ICOs with a volume of just over $7.0 billion.
Also, the average size of an ICO has almost doubled from $12.8 million to over $25.5 million since last year. “
According to the ICO report, the U.S., Singapore, and Switzerland are now the three most important ICO hubs worldwide, largely due to progress in regulation.
The prolonged bear cryptocurrency market, coupled with reports of scams, has not dampened investors’ interest in initial coin offerings (ICOs) this year. Contrary to expectations, token sales volume for the first nine months of 2018 alone doubled compared with the total ICO volume last year.
Some exchange operators have found a new trick to artificially pump up their trade volume. They are directly rewarding users with their own issued tokens for generating transactions, something critics call a backdoor ICO ripe for manipulation.
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