New ranking of countries with the highest adoption of cryptocurrencies published — Ukraine is in the top

According to DappRadar, a leading analytical platform for decentralized applications (dApps), Ukraine, Indonesia, and Russia have become the countries with the highest adoption of cryptocurrencies. Thus, in the 3rd quarter of 2022, Ukraine became more loyal to crypto by 143.17%, Indonesia by 115.59%, and the occupying power by 88.28%, respectively.

The United States retained its status as the largest cryptocurrency market, while India ousted the terrorist country, so the invader took fourth place in the top. Ukraine’s cryptocurrency market took fifth place. Meanwhile, the United Kingdom dropped to sixth place, with a 6.40% drop. Nigeria took seventh place, and the Philippines eighth. Despite the fact that Vietnam retained its ninth position in the ranking, the most significant market decline occurred there — -49.30%. Germany’s cryptocurrency market dropped by 3.38%, and Brazil lost more than 16.6% of digital asset activity in Q3.

The analysis of countries showed that gender dominance in the blockchain space remained almost unchanged — men still occupy about 75% of the industry. However, the share of women who are active players in the cryptocurrency market increased by 6.16% compared to the previous quarter. In addition, millennials and Generation Z made up the bulk of DappRadar’s visitors.

At the beginning of the month, we informed about a Forexsuggest study that identified countries whose regulatory policies are either very slow to work with the cryptocurrency industry or do not put it on the agenda at all. Thus, only 1.48% of Saudi Arabians own cryptocurrencies, 1.39% in Denmark, and 1.01% in Iceland. The anti-rating is followed by Namibia, New Zealand, Japan, Luxembourg, Bosnia and Herzegovina, Norway, and Israel.