The survey was conducted by Forklog, the leading Russian-language media outlet on cryptocurrencies and Blockchain tech.
In 2022, 1,627 people participated in the survey conducted by ForkLog. Here are the results. Reference is made to the investment portfolios of readers, and their attitude toward mining, staking, and other segments of the industry.
Readers’ Profile
Most of ForkLog’s readers are men between the ages of 26 and 35 and live in Russia. Female readers represent only 8.4% (last year it was 6.6%), and a quarter of them live in Ukraine (25.1%).
Almost twenty percent of readers are involved in the Blockchain and cryptocurrency business, and 18.2% plan to do so. 21% of those surveyed are entrepreneurs in another area.
Only 5.5% learned about cryptocurrencies in the first years of their existence. Most (34.2%) of readers were introduced to the industry during the 2017-2019 bull market, and slightly fewer (24.8%) during the 2014-2016 bear market.
Another 21.7% learned about digital assets in the last three years when Bitcoin hit an all-time high and then quadrupled in price.
Readers’ Portfolio
A significant percentage of respondents (33.7%) purchased or received crypto for the first time in 2017-2019. Almost a third (31%) in 2020-2021, and another 13.9% in 2022.
Among the readers who responded, only 27.2% noted the performance of the portfolio in the outgoing year.
Mining and Staking
Among the survey participants, 11.8% are mining cryptocurrencies, and the majority (72.1%) have never been a miner. Almost half (46.1%) of the respondents are involved in staking.
NFTs
Less than a third (29.5%) of ForkLog readers own NFTs. The majority (56%) do not have non-fungible tokens and do not plan to purchase them. OpenSea remains the most popular NFT marketplace (20.3%), followed by Binance NFT (9%).
DeFi
The majority (34.9%) of those surveyed invested in the DeFi sector in 2022. Another 27.1% plan to do so in the future. The most popular services among the magazine’s readers were PancakeSwap (21.3%) and Uniswap (18.7%).
Only 7.2% of those surveyed participate in the management of the DAO, but another 24.4% plan to do so. The most popular DAOs among readers were Polkadot (2.7%), Uniswap (1.8%), and BitDAO (1.2%).
Trade
Most ForkLog readers trade cryptocurrencies. 35.7% of all those surveyed described it as a lucrative occupation.
More than 40% of respondents prefer centralized to decentralized platforms, another 19.7% combine types of platforms to trade.
The undisputed leader among centralized exchanges among those surveyed was Binance (63.9%). In second and third place are Bybit (19.9%) and Huobi (13.9%), respectively.
Wallets
The most popular wallets were MetaMask (49.8%) and Trust Wallet (43.8%). Over two-thirds (68.4%) of respondents do not use hardware wallets. In general, ForkLog readers prefer Ledger.
Crashes and Hacks
Only 7.9% of users reported losing funds as a result of hacker attacks. About 18% lost money due to the collapse of Terra. Only 2.5% lost assets as a result of CeFi platform bankruptcies.
By Audy Castaneda
