This is a segment from the Empire newsletter. To read full editions, subscribe.

$1.9 to $2.64 billion. 

That’s the amount of potential revenue that Dragonfly thinks US users have missed out on thanks to geoblocking. 

Okay, really, it’s more because of the regulatory environment — or should I say former environment. 

“As of 2024, we estimate that 22-24% of all active crypto addresses worldwide belonged to US residents. Our sample of 11 projects generated a total value of approximately $7.16 billion to date, during which approximately 1.9 million claimers participated worldwide with an average median claim value of around $4.6 thousand per eligible address,”…

Read more on Blockworks