ChainCatcher message, according to a report by Chainalysis, despite facing war and regulatory issues, cryptocurrency adoption across Eastern Europe has been steadily increasing, driven by institutional and DeFi activities. As the fourth largest cryptocurrency market globally, Eastern Europe had an on-chain value of $499.14 billion from July 2023 to June 2024, accounting for 11% of the total global cryptocurrency share.Chainalysis further noted that CEX is the region receiving the most cryptocurrency, "close to $324 billion, with DeFi activity significantly increasing over the past year, with a cryptocurrency value of $165.46 billion, accounting for one-third of the region's inflows."The report also mentioned that in this year's global cryptocurrency adoption index, regional participants Ukraine and Russia are "ranked 6th and 7th respectively, with Russia rising 6 places from last year's ranking."

ChainCatcher news, according to Cointelegraph, based on a report from Matrixport, the global adoption rate of cryptocurrency is approaching a significant milestone, with 7.51% of the global population currently using cryptocurrency. The report predicts that by 2025, this figure will exceed 8%, marking a potential shift of cryptocurrency from a niche market to the mainstream financial system.The report emphasizes that the increasing participation of institutions and economic uncertainty are key factors driving the steady growth in adoption.

ChainCatcher news, according to CoinDesk, the blockchain analysis company Chainalysis has released its annual report showing that India and Nigeria continue to hold the top two positions in global cryptocurrency grassroots adoption, while Indonesia is the fastest-growing market. The main points are as follows:Indonesia jumped 4 places to third, becoming one of the fastest-growing crypto markets. In the Central and South Asia and Oceania (CSAO) region, Indonesia's annual growth rate is nearly 200%, with the highest value of cryptocurrency received at approximately $157.1 billion.India's return to the top may be attributed to its recent registrations with offshore exchanges such as Binance and KuCoin, providing more credibility to the crypto ecosystem.

ChainCatcher news, a Forbes report highlights that Argentinians are increasingly turning to cryptocurrency to hedge against the inflation of the local currency. The country's cryptocurrency adoption rate exceeds that of any country in the Western Hemisphere.Analysis from SimilarWeb shows that out of 130 million users across the top 55 cryptocurrency exchanges, 2.5 million are from Argentina. Popular exchanges in the country include Binance, eToro, BingX, HTX, and Bitget.

Chainanalysis released the 2022 Global Cryptocurrency Adoption Report. The adoption rate is assessed from multiple dimensions such as P2P exchange transaction volume and DeFi value services. The research shows that Vietnam has the highest cryptocurrency adoption rate, followed by the Philippines and Ukraine in second and third place, respectively, with the United States ranking fifth.The report states that since mid-2019, the cryptocurrency adoption rate has been steadily increasing, reaching a historical peak in the second quarter of 2021, and has since fluctuated. Currently, due to the bear market, the pace of cryptocurrency adoption globally has slowed down, but it remains above the levels seen before the bull market. (source link)