Vietnam, the Philippines, and Ukraine are the top nations on Chainalysis' global crypto adoption study.
Vietnam, the Philippines, and Ukraine are the top nations on Chainalysis’ global crypto adoption study.
The leader from 2021 – Vietnam – was placed first again, while the Philippines and war-torn Ukraine followed shortly after. Interestingly, China re-entered the top 10.After growing consistently since mid-2019, the cryptocurrency global adoption rate has cooled off, said Chainalysis in itsThe entity applied its index methodology to 154 countries and estimated that Vietnam is again the world’s crypto adoption leader, with a score of 1.000.
Overall, the majority of nations in the top 20 list include lower-middle-income economies and upper-middle-income ones . After that period, the numbers moved in waves. When prices tumbled in Q3 2021, so did global crypto adoption, while in Q4, bitcoin and many other coins tapped newSo far, 2022 has not been that dynamic because of the bear market that has reigned for the bigger part of the year. Despite that negative trend, Chainalysis stated that global cryptocurrency adoption remains higher than pre-bull market levels from 2020.
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