Research • October 25, 2018, 4:11PM EDT

Report: Only one-third of tokens actually outperformed both ETH and BTC

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The Block

Fabric Ventures released their State of The Token Market report analyzing initial coin offerings from January 1, 2018, to September 31, 2018. According to the report:

  • 58% of ICOs failed to raise capital, disappeared, or refunded participants.
  • Ten ICOs raised 47% of all capital.
  • Only 1/3 of ICOs outperformed both ETH and BTC.
  • 40% of investments go into infrastructure projects.

(Source: Fabric Ventures)