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Europe houses the world’s crypto DeFi ‘whales,’ data shows

A new Chainalysis report has revealed that Europe is now the hub of the crypto economy.

Europe houses the world’s crypto DeFi ‘whales,’ data shows

Cover art/illustration via CryptoSlate

A new Chainalysis report has revealed that Europe has overtaken Eastern Asia as the biggest crypto economy in the world.

According to the report, the continent has witnessed impressive growth since July 2020, receiving over $1 trillion worth of cryptocurrenciesโ€”a figure that is equivalent to 25 percent of activities in the industry globally.ย  The report cited the impact of institutional investors in the growth of the space while also stating that retail activity also rose in tandem.

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