3 months ago, Chainalysis released a report showing how crypto adoption is changing around the world. It appears that despite government restrictions, China remains active in the use of cryptos. Chainalysis retains that globally emerging markets are the ones that adopt crypto the most. Here is the country that has stood out the most in terms of crypto adoption.
Twice first!
On December 12, the Twitter account dedicated to the French application Lyber did a series of publications on a Chainalysis report. The report from the blockchain data platform is titled “Global Crypto Adoption Index 2022”. “For the second year in a row, Vietnam ranked first for cryptocurrency adoptionLyber said.
The report, published in September 2022, from Chainalysis recalled: “A 2020 survey found that 21% of Vietnamese consumers said they use or own crypto“. The blockchain data platform clarified that this rate is constantly increasing.
It appears that the blockchain based games are on the rise in Vietnam, both with users and creators. As proof, the popular P2E game Axie Infinity, the most lucrative so far, is based in Ho Chi Minh City, a major city in Vietnam.
Crypto adoption higher than before
The blockchain analysis platform Chainalysis revealed: “Overall adoption is slowing worldwide due to the bear market, but remains above pre-bear market levels“. She indicated that the adoption of crypto globally “stabilized over the past year after rising steadily since mid-2019“.
“Global Cryptocurrency Adoption Reached Its Current All-Time High in Q2 2021“, she pointed out. Chainalysis explains that since peaking in 2021, the evolution of crypto adoption around the world has been made in waves.
Indeed, in the third quarter of 2021, this adoption plummeted, during the bear market. It rebounded with the bull market in the fourth quarter.
Chainalysis revealed: “Data suggests that a large mass of new users who invest in cryptos during periods of price growth tend to stick around even when prices fall, allowing the ecosystem to experience consistent net growth across cycles. of the market“.
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