India and the US lead global crypto adoption

India remains the world leader in cryptocurrency adoption, topping retail, institutional, and DeFi categories, according to Chainalysis. The country’s strong performance reflects growing grassroots engagement and widespread mobile-first financial services.

The United States climbed to second place from fourth last year, boosted by regulatory clarity and increasing institutional participation. Pakistan, Vietnam, Brazil, and Nigeria also rank highly, reflecting crypto’s growing role in remittances, stablecoins, and emerging-market finance.

Asia-Pacific emerged as the fastest-growing region over the past year, posting a 69% increase in on-chain transaction volume to $2.36 trillion. India, Vietnam, and Pakistan contributed heavily to this growth, signalling the region’s increasing influence in global crypto markets.

North America and Europe maintained the largest absolute transaction volumes, with $2.2 trillion and $2.6 trillion respectively. North America’s 49% growth was supported by spot Bitcoin ETFs and regulatory clarity, while Europe recorded a 42% increase from an already high base.

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