Crypto Adoption Will Be Driven By High-Growth Markets
The US is experiencing a crypto boom, with increased institutional adoption and regulatory clarity. February 2025 saw a record number of SEC filings related to blockchain, indicating growing recognition of the technology. However, significant crypto adoption is occurring in high-growth markets like Indonesia, Vietnam, the Philippines, and Nigeria, where crypto is used for practical purposes such as remittances and value storage. The developer landscape is shifting, with Asia now hosting 32% of active crypto developers, up from 12% in 2015, while the US share has decreased to 19%. New developers are increasingly emerging from Asia, Africa, and South America. Blockchain applications are addressing real-world challenges, exemplified by South Africa's LovCash platform, which digitizes informal trade and facilitates cashless transactions. This trend highlights the importance of focusing on practical use cases in high-growth markets rather than solely on developments in the US. Builders and investors are encouraged to engage with these regions where crypto is making a tangible impact.
