- 84% of crypto users prefer X, Telegram, and YouTube as their main information sources.
- Only 6.5% of crypto users rely on traditional news websites for their primary information.
- X dominates with 41.7% of crypto users spending most of their time on the platform.
A recent CoinGecko survey shows that a significant 84% of the crypto community uses X (formerly Twitter), Telegram, and YouTube for crypto-related info.
The survey, conducted from June 25 to July 8, 2024, involved 2,558 participants, giving us a peek into where crypto enthusiasts hang out and get their news.
X is the leading platform, with 41.7% of participants spending most of their time there. It’s not only a hub for conversations but also the main source of information for 34.4% of respondents. This trend shows that X remains a key platform for staying updated on industry developments, with users relying heavily on it for news.
Source: CoinGecko
Telegram and YouTube are neck and neck in popularity. The survey found that 21.5% of respondents prefer Telegram, while 20.8% favor YouTube. Both platforms are not just for social interaction; they are significant sources of information for 16% and 23.4% of participants, respectively.
Discord and Reddit, though popular in the broader online community, are less central in the crypto space. Discord is the main platform for 6.8% of participants, and 5.3% use it primarily for news. Reddit follows closely, with 4.5% of respondents spending most of their time there, while only 3.3% rely on it for information.
Other social media platforms like Farcaster and various alternative channels represent a smaller slice of the pie. Only 1.3% of participants use Farcaster as their main platform, while a tiny 0.8% consider it their primary source of information. Other options, including 4chan and WhatsApp, account for 2.4% of respondents.
Traditional news websites are falling out of favor with crypto enthusiasts. Only 6.5% of respondents turn to these sites as their main source of information. This shift towards social media underscores how crypto news consumption is changing, with users preferring real-time updates and community-driven content.
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