Worldwide adoption of crypto has increased 880% since 2020

A recent post of mine discussed the geographical distribution of crypto usage (Link). I'm now able to update this data for Jan 2021-July 2021.

Geographical Distribution

Global Crypto Adoption Index. Data = Jan 2021-Jul 2021. Source: Chainalysis. CAI is based on five metrics: (i) on-chain value received (ii) on-chain retail value received (iii) number of on-chain deposits (iv) P2P exchange trade volume (v) local exchange trade volume.

This map shows the crypto adoption index (CAI). It's a score between 0-1 that is based upon the level of crypto-related activity within each nation.

Since Q3 2019, the sum of all raw CAI values across the world has increased 2300% - and 881% since June 2020. This is being driven, predominately, by a surge in P2P exchange activity i.e. ordinary folks trading and using crypto.

The Top 20:

^\Data was collected prior to US withdrawal)

From the Top 20, we have lost the United Kingdom, South Korea, Peru, Belarus and Australia and gained Togo, Tanzania, Argentina and Afghanistan.

Takehome message/TLDR: we're seeing a rapid uptake of crypto within poorer nations but crypto is booming everywhere regardless.