Ukraine, Russia and Venezuela are leading the world in crypto adoption: Chainaly

[Lenipiw]

Ukraine beats Russia, China, and more in adoption metrics according to new research from Chainalysis. Recent data published by Chainalysis revealed a surprising first place for Ukraine in the Global Crypto Adoption Index 2020, followed by Russia and Venezuela.

The Index looks at three on-chain metrics: the total value of on-chain crypto transactions weighted by purchasing power per capita (PPP), the value of on-chain retail transfers weighted by PPP, and the number of on-chain crypto deposits weighted by the number of internet users.
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The index also factors in the volume of trades made on peer-to-peer crypto exchanges weighted by both the number of internet users and PPP.