- Blockchain analysis firm Chainalysis released a report discussing crypto adoption in Eastern Europe after the Russia-Ukraine war.
- The report stated that global crypto usage has fallen by 22% in the last year.
- Ukraine and Russia lost $35.8 billion and $41 billion, respectively, in crypto transaction volume.
Blockchain analysis firm Chainalysis recently published a crypto adoption report in Eastern Europe discussing the rise in transaction activity despite the Russia-Ukraine war. The publication highlighted that Eastern Europe ranks fourth-largest, having accumulated $445 billion in on-chain value from July 2022 to June 2023, representing 8.9% of the global transaction activity.
Next, we look at Eastern Europe, and examine how the Russia-Ukraine War has impacted crypto adoption over the last year. https://t.co/uFw6aErRDp— Chainalysis (@chainalysis) October 18, 2023
According to the article, raw transaction volume declined by 22% over the past year, mirroring the global downturn during the same period. Additionally, Eastern Europe continues to grapple with the economic repercussions of the Russia-Ukraine War.
The region, which was earlier home to institu…
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