US drives North American crypto dominance despite regional stablecoin decline
North America has once again claimed the top spot as the world’s most significant crypto market thanks to increased institutional activity in the US, according to an Oct. 17 Chainalysis report.
Between July 2023 and June 2024, North America generated $1.3 trillion in on-chain value, representing 22.5% of the global total. Chainalysis credits this dominance to heightened institutional activity, especially in the US, where large-scale transactions exceeding $1 million account for 70% of the region’s crypto transfers.
While the US leads the North American crypto landscape, Canada follows, with $119 billion in on-chain value during the same period.
US dominance
The US remains dominant in North…
