Bitcoin

<ul><li>DeFi fuels CNWE&#39;s crypto adoption, constituting a remarkable 54.8% of the total crypto value received.</li><li>The UK stands out with $252.1 billion in crypto transactions, ranking third globally.</li><li>The European Union&#39;s MiCA Regulation unifies crypto regulation across EU countries, fostering a secure environment for crypto activities.</li></ul>A recent <a href="https://www.chainalysis.com/blog/western-europe-cryptocurrency-adoption/" rel="noopener noreferrer nofollow">report</a> by Chainalysis revealed that Central, Northern, and Western Europe (CNWE) have emerged as the second-largest cryptocurrency economy globally, outpaced only by North America. The report, covering the period between July 2022 and June 2023, unveiled that CNWE accounted for 17.6% of the total global cryptocurrency transaction volume, receiving an estimated $1 trillion in on-chain value during the same period.Decentralized Finance (DeFi) has emerged as the driving force behind the crypto adoption surge in CNWE, constituting 54.8% of the total cryptocurrency value received in the region. The report noted that the surge is facilitated by decentralized exchanges (DEXes) and regulatory frameworks supporting diverse web3 initiatives.The UK stands out as the epicentre of CNWE’s crypto economy, ranking third globally in terms of raw transaction volume, with an estimated $252.1 billion received in the past year. According to Jamie McNaught, Founder and CEO of U.K.-based crypto exchange Solidi, British consumers have embraced crypto both from a technological and investment perspective. He cited,Read full article at <a href="https://cryptotale.org/cnwe-emerges-as-second-largest-global-economy-with-1-trillion-on-chain-value/" rel="noopener noreferrer nofollow">CryptoTale.</a>

CNWE Emerges as Second Largest Global Economy with $1 Trillion On-Chain Value

CryptoTale

Other articles published on Oct 19, 2023

Lido community member suggests sunsetting Polygon staking

Optimism Price Prediction: Everlodge Sees New Wave of Investors, Litecoin Sets New Milestone

Bybit and DMCC Join Forces for a Stellar Showcase at the Future Blockchain Summit in Dubai

Findora (FRA) Price Prediction 2024, 2025, 2030, 2040, and 2050

AVA (AVA) Price Prediction 2024, 2025, 2030, 2040, and 2050

SHIB Whales Make a Splash, 400% Surge in Token Activity

Join our free newsletter for daily crypto updates!