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In 2024, the proportion of Web3 employees receiving compensation in cryptocurrency increased threefold. The majority of these payments are conducted using stablecoins USDC and USDT.
A report from Pantera Capital indicates that one in ten employees within the Web3 sector received their remuneration in digital currencies in 2024. In contrast, only 3% of employees were compensated in digital assets in 2023, with this number rising to 9.6% in 2024.
The report identifies several factors contributing to the increase in crypto salary payments:
- enhanced infrastructure;
- increased confidence in stable digital currencies;
- availability of solutions favorable to employers.
The survey further revealed that over 91% of crypto salary payments were made in USDC and USDT. ETH and SOL were utilized less frequently for salary payments.
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Notably, the majority of payments in 2024 were conducted in USDC, which represented 63% of all crypto salary transactions. USDT was utilized in only 28.6% of instances. Analysts suggest that USDC’s prevalence may be attributed to the fact that major global payroll platforms do not accommodate payments in USDT.
This increasing trend of digital payroll aligns with a fundamental shift in employment formats. In 2024, 82% of employees in the Web3 industry worked entirely remotely. Analysts link this to the global distribution of teams and the inherently digital characteristics of the sector.
The data from Pantera Capital is derived from a survey involving over 1,600 professionals across 77 countries engaged in Web3 companies and crypto startups.
The report also highlighted a rise in fiat salaries. Technical positions were the primary category exhibiting consistent growth. In 2024, entry-level salaries increased by an average of 25.6%, while mid- and senior-level professionals saw earnings rise by 14.5% and 4.9%, respectively. Analysts observed that women in the crypto sector earn more on average than their male counterparts.
Authorities in Brazil are drafting legislation that would permit employers to pay a portion of salaries in virtual assets.
Сообщение Number of Crypto Salary Payments Tripled in 2024 появились сначала на CoinsPaid Media.
