Why Russia became the top European country for crypto adoption – DL News
- Russia has overtaken the UK as the top European country in terms of crypto adoption, according to Chainalysis data.
- Attempts to evade sanctions and to hedge against inflation are driving the surge.
- DeFi activity in Russia is now three-and-a-half times larger than it was in mid-2023.
Russia’s invasion of Ukraine has fueled a rapid embrace of crypto technology within the country’s borders, according to a new study.
Russia is, by a wide margin, the top user of crypto among European nations, according to crypto forensic firm Chainalysis.
Russia has seen $379 billion in crypto inflows between July 2024 and June 2025, a year-over-year increase of more than 48%, the firm found. That placed the country ahead of the region’s longtime leader,…
