Grayscale has estimated that the United States accounts for roughly 15–20% of global crypto activity, arguing that adoption will keep moving forward regardless of the outcome of next week’s midterm elections.
Summary
- Grayscale places the US share of Bitcoin hashrate at 36% and Ethereum full nodes at 31%.
- Payments, trading, and wallet usage show smaller US shares than mining and network infrastructure.
- The estimate draws on 14 indicators with different reporting periods and geographic coverage.
- Cambridge’s mining research provides a separate comparison, with US firms heavily represented in its survey.
Grayscale’s report, published Oct. 28 by research head…
