VIETNAM HOLDS ON THE TOP GLOBAL CRYPTO ADOPTION IN 2022
For the second consecutive year, Vietnam is ranked first in cryptocurrency adoption.
Bear markets can’t wipe out bull market adoption!
For the second consecutive year, Vietnam is ranked first in cryptocurrency adoption. A look at the sub-rankings shows that Vietnam shows extremely high purchasing power and population-adjusted adoption across centralized, DeFi, and P2P cryptocurrency tools.
Other sources have also noted Vietnam’s love of cryptocurrency. Polling done in 2020 found that 21% of Vietnamese consumers reported using or owning cryptocurrency, second only to Nigeria at 32%, and the adoption rate has likely only grown since then. Reports from local media suggest that cryptocurrency-based gaming, including games following the play-to-earn (P2E) and move-to-earn (M2E) models, are particularly popular in Southeast Asian countries. That goes not just for users, but builders too, as the top-grossing P2E game Axie Infinity is based in Ho Chi Minh City, with its success inspiring more crypto gaming startups to find success in Vietnam.