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Crypto use is growing fast in Eastern Europe. Between July 2023 and June 2024, the region received $499B in crypto, with $165B of that in DeFi. https://t.co/2d2TtgnNTI
EASTERN EUROPEAN CRYPTO SURGE DRIVEN BY DEFI Eastern Europe has grown to the fourth-largest crypto market globally, recording $499B in crypto transactions in a year, with DeFi accounting for one-third of the total value. Russia and Ukraine lead, showing “remarkable” adoption… https://t.co/8dEN1N9Mdu
EASTERN EUROPE GOES BIG ON CRYPTO — $499B FLOW, DEFI’S 33% SLICE Eastern Europe hit #4 in global crypto action with $499B from July 2023 to June 2024—DeFi is booming here, at 33% of flows. Russia, Ukraine lead in transaction value — $182B and $106B, thanks to inflation and… https://t.co/GG3eJa7iAy
Eastern Europe is experiencing a significant surge in cryptocurrency adoption, driven by both institutional investments and grassroots movements amidst regional instability. According to a report by Chainalysis, Ukraine and Russia are leading in crypto adoption across all levels. The region has become the fourth-largest crypto market globally, recording $499 billion in crypto transactions from July 2023 to June 2024. Notably, decentralized finance (DeFi) accounts for one-third of the total value, amounting to $165 billion, with DeFi’s 33% slice. Russia and Ukraine have shown remarkable adoption, with transaction values of $182 billion and $106 billion, respectively. Additionally, the $120 billion cryptocurrency Tether has gained traction in European, Middle Eastern, and African time zones.
