Geoblocking has deprived US investors of $ 2.6 billion of Airdrops since 2020: Report

AirROPROPs has become a decisive tool for Blockchain projects to enable user participation and distribute decentralized value.

However, the latest Dragonfly’s latest report highlighted the unintended consequences of Geoblocking policies, especially in the United States, where the restrictions led to lost financial opportunities, reduce participation, as well as the great economic effects of both users and governments.

We cost the geography of the Goloming Goloming billions of dollars

Dragonfly’s Investment Capital Company Ticket 12 Air flights that were made between 2019 and 2023 have been examined, with a special focus on Geoblocking effects on American users. The results revealed that between 920,000 and 5.2 million users of cryptocurrencies in the United States were unable to participate due to these restrictions, which represent an estimated 5-10 % of all local investors.

Although maintaining a large share of global encryption activity and 22-24 % accountable of all active Blockchain addresses, these policies have excluded a large part of the base of potential users from accessing newly distributed symbols.

The report quantities the financial impact of this exclusion. Its geographical value, which was analyzed at $ 11, was about 7.16 billion dollars in the total value, as 1.9 million demands around the world received average average value of 4600 dollars per qualified address.

For American users, the estimated revenues ranged between $ 1.84 billion and $ 2.64 billion from 2020 to 2024. When applying this percentage of lost participation on a broader data set of Coingecko, the estimated revenues that have been confiscated by the United States increases significantly, reaching $ 3.49 to $ 5.02 throughout the same period.

Tether case abroad costs us

In addition to individual financial losses, the report also highlighted significant impacts on tax revenues. It was noted that users in the United States were not able to reach these air drops, an estimated loss of $ 418 million to $ 1.1 billion of federal tax revenues and $ 107 million to $ 284 million of state tax revenues.

In total, the missing tax groups from the geographic Air Redrops ranges between $ 525 million to $ 1.38 billion, a number that does not include additional taxes that can be imposed on capital gains when the symbols eventually sell.

In addition, the report indicated that corporate tax revenue losses are exacerbated by the marine deportation of encryption companies. For example, Dragonfly referred to Tether Stablecoin Tether, which recorded $ 6.2 billion of profits in 2024 while integrating abroad. If it was subjected to full tax under the American judicial jurisdiction, Tether alone may have contributed about $ 1.3 billion of federal companies taxes and $ 316 million in state taxes.