Nigeria Reclaims Top position in Africa, Overtakes Kenya in Crypto Adoption

A new analysis by Chainlysis on crypto adoption in Africa shows that Nigeria has returned to the top spot as the country with the highest adoption rate, ranking 11th in the world. According to one report, last year’s leader, Kenya, was his third on the list, and he was 19th in the world.Information Guide Nigeria

Recruitment scores for both countries have improved significantly, however, with Nigeria rising 100.39% from its 2021 index score of 0.26 and Kenya rising 41.79% from last year’s index score of 0.28.JAMB Result

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Nigeria, Kenya and Morocco drop out of world top 10

Despite improvements in each country’s scores, he is down 10 places in the rankings compared to last year.

Morocco ranked her 14th in her index her score of 0.507 and in the world rankings she ranked 2nd. Chainalysis’ crypto adoption report ranks countries by focusing on five key benchmarks: purchasing power per capita, on-chain retail value, and on-chain crypto value. Includes on-chain crypto value received on core exchanges weighted by DeFi protocols that received.

The top 10 African countries by crypto adoption:

  • Nigeria
  • Morocco
  • Kenya
  • Egypt
  • South Africa
  • Somalia
  • Algeria
  • Tanzania
  • Ghana
  • Cote d’Ivoire

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