Crypto adoption will be driven by high-growth markets, with or without the US
2025-07-06 15:08:34
Main Idea
Crypto adoption is being driven by high-growth markets where the technology addresses real-world problems like remittances and financial inclusion, with these regions leading in practical usage and developer activity.
Key Points
1. Fifteen of the top 20 countries on Chainalysis’s 2024 Global Crypto Adoption Index are in high-growth regions such as Indonesia, Vietnam, the Philippines, and Nigeria, where crypto is integrated into daily life.
2. Asia now accounts for 32% of active crypto developers, up from 12% in 2015, while the US's share dropped to 19% from 38% in the same period.
3. In South Africa, blockchain is being used to digitize the informal trade economy, with nine major food and beverage wholesalers partnering with a blockchain-powered payments platform.
4. Crypto adoption in high-growth markets is driven by utility, such as enabling small businesses to move money without friction, rather than speculative investment.
5. The shift in developer activity to high-growth markets reflects a broader trend of crypto being used to solve real-world supply chain and financial challenges.
Description
Crypto adoption is rapidly growing in high-growth markets, where the technology is solving real-world problems, like remittances, financial inclusion and supply chain inefficiencies.
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