Chainalysis Releases Crypto Index, Asia Leads in DeFi and Grassroots Growth | Headlines | News | CoinMarketCap
09/14/2023 13:13
Chainalysis recently published its fourth annual research synthesis work, featuring its Global Crypto Adoption Index. The research report shows a …
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Published on September 14, 2023 05:54 GMT+00:00edited on September 14, 2023 06:04 GMT+00:00
Chainalysis recently published its fourth annual research synthesis work, featuring its Global Crypto Adoption Index. The research report shows a range of on-chain data and real-world data on countries leading in grassroots crypto adoption.
The results show Asian and African countries in the lead, particularly in terms of retail crypto services and average amount value received from decentralized finance.
The Chainalysis research methodology provides a comprehensive picture by combining five distinct metrics, from on-chain values received at centralized and decentralized (DeFi) exchanges to peer-to-peer (P2P) trade volume. All these metrics are fine-tuned by variables like purchasing power parity (PPP) per capita, providing a more nuanced view of actual grassroots adoption.
While web …