The report shows that the number of ICOs and the amount of funds raised in 2019 has plummeted.

According to LongHash, ICO Watch data shows that even after the start of the bear market in January 2018, ICO is still taking place at more than 100 per month, but by 2019, the number of ICOs has been reduced to almost zero. ICO raised more than $7.6 billion in 2018. The total investment from 2019 to August this year was only 338 million US dollars, a drop of over 95%.