The crypto market remains a hotbed of activity amidst regulatory uncertainties and evolving market dynamics. Despite recent fluctuations and the complex regulatory landscape, North America continues to hold its ground as a dominant player in the global digital currency market, albeit with some nuanced changes.
Amidst the seemingly turbulent atmosphere of regulatory uncertainties and oscillating sentiments in the digital asset sector, North America stands as a resilient stronghold of the global cryptocurrency market. The region managed to seize a significant chunk of global digital asset transactions, showcasing its prominence as a key player in the ever-evolving landscape.
A recent Chainalysis report highlighted North America’s notable position, securing 24.4% of the on-chain transaction value between July 2022 and June 2023, translating to a substantial $1.2 trillion in crypto transactions.
Of this staggering sum, over $1 trillion originated from the United States alone, underscoring the nation’s pivotal role in driving the region’s digital currency activities.
Source: Chainalysis
Decline In DeFi Dominance And Regulatory Uncertainty
However, despite this seemingly robust performance, the region has witnessed a noticeable decline in its share of Decentralized Finance (DeFi) activities over the last year. Historically recognized as…
