Crypto Adoption Index 2025: India Tops, Growth Accelerates

Published: 2025-09-03 10:45:31 |

Chainalysis’s 2025 crypto adoption index shows accelerating global adoption, led by India across all sub-indices. APAC sees a 69% year-on-year on-chain activity rise, followed by North America’s 49% growth driven by regulatory clarity and spot Bitcoin ETF approvals. Eastern Europe (Ukraine, Moldova) ranks highest per capita amid economic uncertainty. Stablecoins dominate on-ramps: USDT and USDC each process over $1 trillion monthly, while licensed tokens (EURC +89%, PYUSD +400%) surge. Bitcoin remains the primary fiat on-ramp on centralized exchanges with $4.6 trillion inflows—double that of other Layer 1 tokens. The updated index adds an institutional transfers metric (> $1M) and removes the retail DeFi sub-index. Adoption now spans grassroots users to large institutions across income levels, signaling that crypto adoption has matured into a core global financial feature.

Bullish

The report’s data points to broad-based growth in on-chain activity, institutional transfers, and stablecoin usage, underpinned by regulatory clarity and ETF approvals. Short-term, traders may see increased liquidity and positive sentiment around Bitcoin and stablecoins, while long-term metrics indicate sustained demand driven by grassroots and institutional adoption. These factors collectively support a bullish outlook.