- Global crypto market capitalization plunged about 50%, but actual cryptocurrency economic activity fell only 1.6%.
- The volume of cross-border stablecoin transactions rose 77.5%, while stablecoin balances remained stable even during the market downturn.
- Brazil ranked No. 1 globally on the cryptocurrency adoption index, while Latin America’s crypto economy grew 9.8%.
Forecast Trend Report by Period
Global cryptocurrency market capitalization has been cut in half over the past year, but actual crypto economic activity declined only modestly.
Chainalysis said in its seventh annual report, cited by The Block on September 23, that global cryptocurrency economic activity totaled $9.4…
