Crypto Donations Surge Past $1 Billion in 2024, Amplify Relief Efforts Post-Myanmar-Thailand Quake

1 billion in 2024. As blockchain − based charity gains momentum, experts predict donation will reach 1 billion in 2024. As blockchain − based charity gains momentum, experts predict donation should reach 2.5 billion next year, driven by crypto wealth growth and regulatory clarity.

Crypto Emerges as a Key Tool for Disaster Relief

Cryptocurrency donations have surged past $1 billion in 2024, with blockchain-based charity playing a pivotal role in emergency responses, including the recent earthquake disaster in Myanmar and Thailand. Industry leaders like Binance’s Changpeng “CZ” Zhao and Ethereum’s Vitalik Buterin have made significant contributions, highlighting crypto’s speed and efficiency in humanitarian aid.

Zhao donates 1,000 BNB. Source: BscScan

CZ Leads Relief Efforts With $600K BNB Donation

Following a devastating 7.7 magnitude earthquake on March 28, which claimed over 2,700 lives in Myanmar and Thailand, Binance co-founder CZ donated 1,000 BNB (worth ~$600,000) to support relief efforts.

Initially pledging 500 BNB, CZ doubled his commitment, emphasizing crypto’s ability to bypass traditional banking delays. Blockchain data confirms the donation was sent on April 3, with CZ publicly announcing the move on X (formerly Twitter).

Why Crypto Donations Are Gaining Traction

Anndy Lian, an intergovernmental blockchain expert, explained:

“Crypto donations offer unique advantages in emergencies. Transactions settle in minutes, bypassing banking delays. In disaster zones like Myanmar, where infrastructure is damaged, crypto reaches recipients directly via digital wallets—no SWIFT codes or wire transfers needed.”

Lian himself contributed 44 BNB to the cause, earning public recognition from CZ.

2024 Trends: 1BinDonations,1BinDonations,2.5B Expected in 2025

Last year’s $1 billion in crypto donations was fueled by:

• Rising digital asset valuations

• Improved regulatory clarity

• Increased adoption by charities

Source: The Giving Block

According to The Giving Block, a leading crypto donation platform:

• 16% of donations supported education

• 14% funded medical and health initiatives

The organization has now launched an emergency relief fund for Myanmar and Thailand, aiming to raise $500,000 in crypto.

Source: TheGivingBlock

Looking ahead, experts predict crypto donations could hit $2.5 billion in 2025, driven by:

• Growing crypto wealth generation

• More favorable political and regulatory environments

• Faster, more transparent transactions compared to traditional banking

• Ethereum’s Buterin Also a Major Contributor

Beyond disaster relief, Ethereum co-founder Vitalik Buterin has consistently donated to charitable causes. In October 2024, he sent $180,000 in ETH to biotech nonprofit Kanro, showcasing crypto’s expanding role in global philanthropy.

Source: Anndy Lian

Conclusion: The Future of Crypto Philanthropy

As blockchain technology evolves, crypto donations are becoming a critical tool for rapid, borderless aid. With industry leaders like CZ and Buterin leading the charge, and platforms like The Giving Block streamlining contributions, crypto-based charity is set to redefine humanitarian efforts worldwide.

What’s next? With $2.5 billion in projected donations for 2025, the intersection of blockchain and philanthropy is only just beginning.