Leading the Way: India, Nigeria, and Indonesia Shine in Chainalysis 2024 Crypto Adoption Index
India, Nigeria, and Indonesia lead Chainalysis’ 2024 Global Crypto Adoption Index, which evaluates 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power.
The report highlights notable growth in crypto activity, especially in lower-income nations. Chainalysis’ updated methodology includes changes in measuring decentralized finance (DeFi) activity and omits peer-to-peer exchange volumes due to their decline.
The index reveals that Central & Southern Asia and Oceania dominate the rankings, with significant global increases in bitcoin transactions and rising stablecoin use in Sub-Saharan Africa and Latin America.
Clever Robot News Desk 13th September 2024
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