SoftSwiss Finds Altcoins Now Make Up Half of Crypto Wagers

I missed SoftSwiss’s March “State of Crypto” deep-dive, so here’s the good stuff (data via SoftSwiss, March 2025):

Top-Level Growth: Total wager sum and count both rose 35.9 % y/y. Fiat bets surged 40.1 %, outpacing crypto’s 18.7 % volume growth.#

Bitcoin Effects: As BTC rallied, the number of crypto bets fell 12.8 %, but the average crypto wager grew 1.4×. This highlights a strong correlation between total wagered volume and fluctuations in cryptocurrency exchange rates. Fiat remained stable.

Altcoin Surge: In 2023 altcoins were just 26.8 % of crypto bets; by 2024 they made up ≈ 50 %, with ETH, LTC, USDT and DOGE nibbling away at BTC’s dominance.

GambleFi Tokens: Brands like Rollbit and Shuffle use in-house tokens for smoother payments, less volatility and VIP perks—another lever to lock in loyalty.