Chainalysis Global Crypto Adoption Index 2023: India tops 154 countries
International
India has been ranked first in grassroots crypto adoption, even amid a tough regulatory environment, according to Chainalysis’ 2023 Global Crypto Adoption Index. The country ranked first in four parameters including centralized service value received, retail centralised service value received, DeFi value received and Retail DeFi value received. Last year India stood fourth, based on the report. The report combines on-chain data and real-world data to measure which countries are leading the world in grassroots crypto adoption. Grassroots crypto adoption isn’t about which countries have the highest raw transaction volumes, Instead, it’s the countries where average, everyday people are embracing crypto the most, the report explains.
____________________________
