> For the complete documentation index, see [llms.txt](https://gll.gitbook.io/growlimitless-whitepaper-gll/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gll.gitbook.io/growlimitless-whitepaper-gll/fundamentals/problem-statement-and-market-research.md).

# Problem Statement and Market Research

What is the current problem in crypto market and what does the data suggest?

{% hint style="success" %}
**Good to know:** GrowLimitLess is the unified crypto interface where you can link multiple wallets like MetaMask, Rainbow, Trust Wallet against your phone / email and even select a primary receiving wallet.
{% endhint %}

### Global Crypto Adoption

An estimated global crypto ownership rate at an average of 3.9%, with over 300 million crypto users worldwide. And over 18,000 businesses are already accepting cryptocurrency payments.

![](https://lh6.googleusercontent.com/kTUMqFmqPCfRz88yKo1tC_mHm4_ncK6GsxAXNhMCQFFb268ETs4dqbfv5Ga55Nfk9cLbgfXevpDqrz55zoNVMUiizpX4TgxM_2BQ9y6M82FGgDorAwegkBwVVb-EJshW6YH0zU3d4Gq-63-Qn0oAyYo) ![](https://lh3.googleusercontent.com/laGl08okNtxbM7dLBR8VxZ_Ez6Cfh-VAHLJ9wBmaTz7dxbl0ScHMg46gCf_OnKhQ-wO8HPHjswAe0N2QEK8GsUy9Xkp2AH_ZlSF7xRdj6qNope--UH0jDOun7uiZhrlJ9Z1MSWWvHp_hxfkcQUpgMLM)

![Projected Blockchain Market Size ](https://lh3.googleusercontent.com/FjnQJ6DRN-1ITp7VpizZ3chjkdDB0U1UaihYTQy29470FMLBzF5EW8IrRY3ZIyGBEjD4IaCQE_oOv445D1A3z1hSkd3AdI6-pHrNGzbIE-QAbZdnaxTF6CW5pGjDUTtNGTps9BAGr6Qof18Pt8mWYy4)

### **Decentralized Crypto Wallet Usage**

Metamask is also identified as the gateway to the decentralised web. When we are talking of a  whopping 5 Million plus active metamask users, this easily volumes about the adoption rate and the amount of people who are aware of this new regime.

![](https://lh3.googleusercontent.com/5XoNLWbe2edU-U_H5yHfDUObVuzOJVqtSGMJhnivjyGdC9j-ID3NGaJoNFnvJjRMsVpa5dgdJ1_cvjOE0CYhMlMew3oVqxehp3TJz3DANt4q-Z_k7Eyq6GOfncW6zg_3dh_AXaOOyLm636bTQI_03QQ)

![Number of Blockchain Wallet Users Worldwide](https://lh3.googleusercontent.com/1XE0dQRmVsSpfD3aGA_BrqqPGTDvJidBxHSWJeX2_oLnby7LQ-QUMvZnxh0W2aTTM7-vLV0ghdHIUl9ph8kXNjC8x_dyucVG1vGD3j-oEh6owxHq6sVtaGpGt_STDE-4_SLNgbQZ8jDVk3h6EdtAcNE)

### **Percentage of crypto lost due to scams**

Cryptocurrency crime had a record-breaking year in 2021, with a new report finding scammers took $14 billion worth of crypto last year. That’s nearly twice the $7.8 billion taken by scammers in 2020, according to blockchain data firm *Chainanalysis’ “2022 Crypto Crime Report,*” findings. According to a recent study by Chain**a**nalysis, around 20% of all Bitcoins are lost in the ether (no pun intended) and unrecoverable, because of unfortunate typos in wallet addresses.

### **Percentage of crypto lost due to collapse of centralized exchanges**

A record $51 billion USD worth of cryptocurrencies were swiped off as a result of the recent FTX collapse. Almost similar fate has been there for exchanges like Voyager, Genesis, BlockFI and many others.