Chainalysis: Brazil Tops Global Crypto Adoption Index, South Korea Fifth
- —Brazil took the top spot without leading any single component of the index
- —Latin America's crypto activity grew 9.8% to $593.8 billion as the global market fell 1.6%
- —Global on-chain activity slipped only from $9.5 trillion to $9.4 trillion despite a 50% market cap drop
- —South Korea ranked fifth, behind the US, Nigeria and Japan
Why it matters: The data shows crypto adoption expanding in Latin America even during a bear market, a key signal for regional demand.
Source: Digital Today