Golden Finance reported that a report released by Chainalysis showed that the United States and Canada contributed 24.4% of global trading activity in the past year. Crypto trading volume in the United States exceeded $1 trillion between July 2022 and June 2023, and the region, along with Canada, accounts for almost a quarter of global trading volume. Large institutional investors are the main drivers of this activity, with 76.9% of the region’s trading volume consisting of transfers of $1 million or more. The report stated that North America still dominates global DeFi transaction volume, but the share of decentralized protocols in overall transaction volume has been declining over the past year due to regulatory reasons.