Author: Lim Yu Qian, Coingecko; Translated by: Deng Tong, Golden Finance

Which countries have the greatest interest in cryptocurrencies?

The most crypto-friendly country is the United States, where Americans’ interest in crypto accounts for 16.8% of the smaller market cap tokens on the global on-chain DEX tracker. The next most popular country is the United Kingdom, with 6.2% interest in so-called “shitcoins” or memecoins, and the Philippines, with 5.1%.

The countries with the most active top 25 cryptocurrencies account for 77.8% of on-chain speculative interest.

Source: Similarweb, coingecko.com/research

In addition to the Philippines, neighboring Southeast Asian countries with relatively high interest in small-cap cryptocurrencies include Indonesia (4.0%), Vietnam (2.9%), Thailand (1.2%), and Malaysia (0.9%).

Meanwhile, Nigeria is the only African country to feature in the top 25 and ranks sixth with a 3.9% share.

Within the European Union (EU), the countries with the greatest interest in on-chain transactions are France (4.4% of global interest), the Netherlands (3.0%), and Poland (2.4%). A total of six EU member states are among the top 25 countries worldwide.

Notably, 18 of the 25 most cryptocurrency-active countries are members of the G20, an international forum of economically important countries.

Cryptocurrency Market Rankings (2024)

The 25 most active countries with the highest interest in on-chain transactions over the past year are: