Lisk Highlights Growing Crypto Adoption and Developer Shift in High-Growth Markets

Key Points

1. Fifteen of the top 20 countries on Chainalysis’s 2024 Global Crypto Adoption Index are in high-growth regions like Indonesia, Vietnam, the Philippines, and Nigeria, where crypto is used for remittances and value storage.

2. Asia now accounts for 32% of active crypto developers, up from 12% in 2015, indicating a shift in blockchain innovation hubs from the US to high-growth markets.

3. Blockchain technology is being applied to real-world problems, such as LovCash in South Africa, which digitizes informal trade and has attracted over 3,700 small retailers.

4. Sustainable crypto adoption stems from utility rather than speculation, with Web3 builders and investors focusing on solving financial and infrastructural problems in high-growth markets.

5. The future of crypto lies in regions where it addresses diverse needs, emphasizing real-world impact over hype, as highlighted by the migration of developers and practical applications.