In recent years, the Web3 ecosystem has shown significant growth, with an increase in the number of crypto users worldwide. In 2024, the number of crypto asset owners rose to 659 million.
Increasing Crypto Awareness in Emerging Economies
According to a recent global survey, 93% of respondents are aware of crypto assets. The level of awareness is particularly high in countries like Nigeria (77%), South Africa (65%), and India (60%). Ownership of crypto is also significantly higher in these regions, with Nigeria leading at 73% of respondents reporting current or past ownership of crypto assets.
Institutional Investments in the U.S.
According to the Chainalysis Global Adoption Index, the U.S. ranks fourth in institutional investments in the crypto market. In 2024, Bitcoin Spot ETFs attracted over $129 billion in inflows. However, retail adoption in the U.S. has not yet matched levels seen in emerging economies.
Web3 Development in Europe and LATAM
With the implementation of the MiCA framework, Europe has created clearer conditions for crypto firms. Currently, there are over 3,900 crypto startups registered in Europe. In Latin America, notable growth is observed as countries like Brazil and Argentina actively integrate cryptocurrencies into their economies, evidenced by partnerships, such as the one between the Argentine Football Association and a major crypto exchange.
The era of Web3 shows growth from both retail and institutional investment sides. Emerging economies are leading in metrics, while developed markets like the U.S. show significant institutional interest. These trends, along with new regulatory changes, promise interesting prospects for the crypto market in the coming years.
