According to Cointelegraph, a recent survey conducted by Vietnamese venture capital firms Kyros Ventures and Coin68, along with Animoca Brands, revealed that 75.5% of the 3,300 participants admitted to being influenced by recommendations or referrals when making crypto investment decisions. This figure is 2.5 times higher than reported in the U.S. Self-study, community groups, and media news were the primary sources of information for Vietnamese crypto investors, with nearly one in two choosing such methods. The H1 2023 Vietnam Crypto Market Report also found that 70% of respondents believed the bear market was already over or nearing its end, while 75% desired more regulatory intervention in the crypto sector. According to Chainalysis, Vietnam is currently the top country in the world in terms of crypto adoption and second in decentralized finance (DeFi), with over 19% of adults owning digital assets. However, only nine Vietnamese educational institutions offer blockchain courses, and only eight blockchain infrastructure projects are present within the country. The survey also found that nearly 90% of respondents engaged in DeFi activities simultaneously to holding crypto, compared to 70.2% for GameFi, 73.7% for nonfungible tokens, 91% for centralized finance, and 54.9% for SocialFi. Participants were equally distributed between their preference for centralized exchanges and decentralized exchanges.