Bitcoin economy is developing, says “State of Bitcoin” report by CoinDesk. The number of wallets is growing while the capitalisation of the market fell more than 50% in year-on-year calculation.

The number of bitcoin wallets grows steadily. At the end of the second quarter, there were 9,345,510 bitcoin wallets in the world. This is 14% more than in Q1 and twice as much as than one year ago.

More and more merchants integrate bitcoin in their businesses. According to CoinDesk, in July 2015 there were 100,000 merchants. The number was up by 14% in comparison with Q1 and by 100% in comparison with Q2 2014.

Bitcoin did not have good press. Mainstream media mentioned bitcoin 379 times. This is a 19% fall in comparison with the first quarter. In the second quarter of 2014, the press mentioned bitcoin more than 700 times.

Market capitalisation (currently valued at $3.8 billion) has decreased significantly. In comparison with the Q2 2014, the value fell by 54%. Yet this is 11% more than in the first quarter of 2015.

The creators of the “State of bitcoin” highlighted that bitcoin economics remains men’s business. According to the report, women constitute only 10% of bitcoin users in the world.

CoinDesk publishes “The State of Bitcoin” on a quarterly basis. It is an important source of detailed information on bitcoin economy. According to the ‘State of Bitcoin” for Q2 2015, the report about the first quarter remains one of the top news pieces on the CoinDesk main site.