Crypto surges in Eastern Europe: DeFi drives 33% of transactions

Eastern Europe has become the fourth-largest cryptocurrency market in the world, accounting for over 11% of the total cryptocurrency value received worldwide.

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Decentralized finance-related activity is rising in Eastern Europe, showcasing continued cryptocurrency adoption, according to the onchain analytics platform Chainalysis.

Eastern Europe received over $499 billion worth of cryptocurrency between July 2023 and June 2024.

Decentralized finance (DeFi) activity accounted for a third of the region’s cryptocurrency value flow, totaling more than $165 billion, according to the Oct. 30 Chainalysis crypto adoption report.

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