Chainalysis: "Vietnam remains the leader in cryptocurrency adoption"

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Chainalysis has unveiled another index of world countries for the adoption of cryptocurrencies. where Vietnam again took first place, leading the developing countries.

Chainalysis specialists analyzedset of cryptocurrency transactions and correlated them with users from different countries. Analysts emphasized that developing countries remain leaders in the adoption of cryptocurrencies. In the top ten of the developed countries, only the United States and China were located, located at 5 and 10 places, respectively. Ukraine took the third position, and Russia took the 9th line of the rating.

Interestingly, the peak of the adoption of cryptocurrencies camefor the II quarter of 2021, and in 2022 interest in digital assets has noticeably decreased. The authors of the report attribute this to record prices for bitcoin and other cryptocurrencies in 2021 and a market crash in 2022.

Vietnam remains the leader in cryptocurrency adoptionthanks to the popularity of gaming projects such as Axie Infinity. The Philippines, which is on the second line of the ranking, also took this position due to the interest in gaming projects with cryptocurrencies and NFTs. Decentralized finance (DeFi) projects are also quite popular in these countries.

As a reminder, according to the previous Chainalysis report, the adoption of cryptocurrencies for 2021 increased by 880%.