This post is an excerpt from our 2025 Geography of Cryptocurrency Report. Reserve your copy now!

Riding the waves: Why North America swings harder

With the United States coming in at number two in the Chainalysis 2025 Adoption Index, North America is broadly considered to be a major leader for crypto adoption, accounting for 26% of all transaction activity in the period studied. The region received a total of $2.3 trillion in cryptocurrency transaction value between July 2024 and June 2025, reaching a peak in December 2024, when an estimated $244 billion was received in a single month. The spike in North America’s value received at the end of 2024 also featured unprecedented stablecoin activity, with December 2024 seeing the…