Brazil Surges to Top of Chainalysis Crypto Adoption Index
Chainalysis's redesigned crypto adoption index has ranked Brazil as the number one country in terms of cryptocurrency adoption, surpassing the United States and every other major economy. The achievement is notable given that global crypto market capitalization fell by approximately $2.1 trillion during the 12-month evaluation period.
Brazil didn't dominate any single metric but posted consistently strong numbers across all four equally weighted categories: total service inflows, on-chain balances, domestic peer-to-peer activity, and cross-border flows.
The United States landed in second place, showing particular strength in service inflows and on-chain balances. However, America's P2P activity told a different story, ranking just 20th globally.