Vietnam continues to hold its variety 1 place in the international cryptocurrency adoption index, in accordance to the most recent 2022 report from Chainalysis.
Chainalysis, a nicely-identified cryptocurrency safety and statistics unit in the marketplace, has just launched the “Global Cryptocurrency Adoption Index 2022” report, which displays that Vietnam continues to be the main nation in terms of the degree of use of cryptocurrencies.
15 / Read on to find out far more about our methodology and achieve extra crucial info from the Chainalysis 2022 Global Crypto Adoption Index. https://t.co/MURsD64qCy
– Chainalysis (@chainalysis) September 14, 2022
As a outcome, Chainalysis made use of five criteria to assess a country’s degree of cryptocurrency adoption, like:
– Volume of deposits on centralized exchanges (CEX)
– Volume of trades on CEX exchanges by personal traders
– P2P trading volume
– Volume of deposits on decentralized exchanges (DEX)
– Volume traded on DEX exchanges by personal traders.
The benefits of the aggregation and ranking of the Chainalysis information develop the following benefits:
It can be witnessed that Vietnam had the 2nd consecutive 12 months topping the “Global Cryptocurrency Adoption Index 2022”, a outcome that no other nation has accomplished. Chainalysis commented that Vietnam is a nation with a complete price of use of CEX, DEX and DeFi, a substantial price of know-how and investment of the population in cryptocurrencies, as nicely as a spot exactly where current trends this kind of as Play-to-game video games they are well known. and Move-to-Earn.
Another trend proven is that the best twenty nations are dominated by middle-cash flow nations, nicely, with the exception of two substantial-cash flow names, the US and the United kingdom.
Although the decline in the marketplace above the program of 2022 has strongly impacted the degree of international adoption of the cryptocurrency, statistics from Chainalysis present that the latest numbers are even increased than in advance of the uptrend, in spite of the decline in 2020.
Previously, Vietnam also topped a variety of cryptocurrency adoption statistics in 2021.
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