Which country has the most crypto degenerates?
Which countries are seeing crypto degeneracy?
The most developed country in cryptocurrency is the United States, accounting for 16.8% of global interest in smaller-market-cap cryptocurrencies on onchain DEX trackers. Other leading countries in crypto development are the United Kingdom with a 6.2% share of interest in so-called "shitcoins" or memecoins, followed by the Philippines with a 5.1% share.
The top 25 countries with the most crypto development account for 77.8% of interest in blockchain-based speculation.
In addition to the Philippines, neighboring Southeast Asian countries with relatively high interest in smaller-market-cap cryptocurrencies are Indonesia (4.0% share), Vietnam (2.9%), Thailand (1.2%), and Malaysia (0.9%).
Meanwhile, Nigeria is the only African country in the top 25 crypto-developed countries, ranking sixth in interest with a 3.9% share.
Within the European Union (EU), the countries most interested in onchain trading are France (4.4% share of global interest), the Netherlands (3.0%), and Poland (2.4%). In total, 6 EU members made it into the top 25 developing countries worldwide.
Notably, 18 of the 25 countries with the highest crypto adoption are members of the G20, an international forum that brings together economically significant countries.
Countries with the highest level of crypto development (2024)
The 25 most developed countries with the greatest interest in onchain trading over the past year:
| Rank | Country | Share of global interest |
|---|---|---|
| 1 | USA | 16.83% |
| 2 | United Kingdom | 6.16% |
| 3 | Philippines | 5.07% |
| 4 | France | 4.40% |
| 5 | Indonesia | 3.96% |
| 6 | Nigeria | 3.85% |
| 7 | Canada | 3.44% |
| 8 | Netherlands | 3.02% |
| 9 | Vietnam | 2.94% |
| 10 | India | 2.82% |
| 11 | Brazil | 2.74% |
| 12 | Mexico | 2.61% |
| 13 | Russia | 2.51% |
| 14 | Poland | 2.41% |
| 15 | Australia | 2.21% |
| 16 | Turkey | 2.14% |
| 17 | Germany | 2.02% |
| 18 | Japan | 1.39% |
| 19 | Thailand | 1.20% |
| 20 | Bulgaria | 1.11% |
| 21 | Argentina | 1.10% |
| 22 | United Arab Emirates | 1.09% |
| 23 | Spain | 0.96% |
| 24 | Malaysia | 0.94% |
| 25 | Ukraine |
0.91% |
Methodology
The study examined the total number of visits to GeckoTerminal, DEX Screener, and DEXTools broken down by country from April 2023 to March 2024, based on data from Similarweb.
Read the full study here: coingecko.com
Publication date on E-blog 05/09/2024 21:00
