Crypto adoption will be driven by high-growth markets, with or without the US
The US is experiencing a crypto boom, marked by ETF approvals, increased liquidity, and emerging regulatory clarity. However, significant crypto adoption is occurring in high-growth markets like Indonesia, Vietnam, the Philippines, and Nigeria, where crypto is integrated into daily life for practical uses such as remittances and value storage. The developer landscape is shifting, with Asia now hosting 32% of active crypto developers, while the US share has decreased to 19%. This trend indicates that innovation is moving closer to real-world needs. Blockchain applications, such as PepsiCo's supply chain tracking in South Africa, demonstrate practical solutions to local problems. The focus should shift from US-centric developments to the impactful work being done in these high-growth regions, where crypto is already making a difference.
