đ MENA Takes the Crypto World by Storm! đ
Chainalysis just dropped the mic: MENA is now the 7th largest crypto market globally, with a whopping $338.7B in on-chain value between July 2023 and June 2024. Turkey and Morocco are leading the charge, ranking 11th and 27th worldwide.
Centralized exchanges still rule, but DeFi is sneaking up, especially in Saudi Arabia and the UAE. Speaking of Saudi, their crypto activity skyrocketed by 154%! Qatar's not far behind with 120% growth, thanks to their new digital asset regime.
Stablecoins and altcoins are the new cool kids on the block. Turkey, Saudi Arabia, and the UAE are diversifying beyond Bitcoin and Ethereum.
Whatâs your take? Drop your thoughts below! đŹ