Crypto market cap is up to a whopping $1 trillion, according to a new report.
According to research firm CB Insights, the cryptocurrency market cap was $1.7 trillion in December 2016.
The figure is up nearly 20% year-over-year, to reach a whopping 814.3 trillion dollars.
The number is a fraction of the US$10 trillion market cap.
It is a huge increase over the $6 trillion bitcoin market cap of the same month, which is now pegged at around $7.7 billion.
While the cryptocurrency markets share is small, they are growing, CB Insight said.
CB Insiders research showed that crypto market caps were on track to surpass $1,000 trillion by 2021.
The firm noted that while the market is now growing, the number of coins is decreasing rapidly.
The cryptocurrency market is likely to reach $2 trillion by 2025.
It will only get bigger as more coins come on the market.
Cryptocurrencies are based on software that is encrypted and cannot be seen by humans.
The software has been created by a group of programmers known as the Ethereum Project.
It was launched in 2009 by a single hacker, Vitalik Buterin.
It has since grown into a global community of crypto-enthusiasts.
The market has since taken off, with the number surging more than 100% over the past two years.
According, the crypto market is expected to reach more than $2.7tn by 2025, according CB Insolutions research.