Криптовалютная карта 2025: Украина и Россия теряют позиции по версии Chainalysis Translation: Cryptocurrency Landscape 2025: Ukraine and Russia Lose Ground According to Chainalysis

Ukraine and Russia ranked eighth and tenth respectively in the global cryptocurrency adoption index for 2025, published by the analytics firm Chainalysis.

The top five positions were occupied by India, the USA, Pakistan, Vietnam, and Brazil. The top ten also included Nigeria, Indonesia, and the Philippines.

The Asia-Pacific region led in the growth rate of cryptocurrency transactions, experiencing a 69% increase — from $1.4 trillion to $2.36 trillion. This surge was significantly driven by the active participation of key markets such as India, Vietnam, and Pakistan.

In Latin America, the volume of crypto transactions rose by 63% over the year, while the Middle East and North Africa showed a more modest growth of 33%.

North America and Europe continue to dominate, accounting for over $2.2 trillion and $2.6 trillion respectively.

Chainalysis highlighted that the leading positions of these regions are due to improvements in the regulatory framework for crypto assets, as well as institutional demand bolstered by the introduction of spot Bitcoin ETFs.

The vast majority of transactions involving stablecoins continue to be dominated by USDT and USDC. From June 2024 to June 2025, the monthly transfer volume for Tether’s stablecoin exceeded $1 trillion, while Circle’s asset fluctuated between $1.23 trillion and $3.28 trillion.

«However, a deeper analysis reveals an interesting dynamic. USDT and USDC exhibited fluctuations and low volatility, whereas smaller stablecoins like EURC, PYUSD, and DAI reported rapid growth,» the experts noted.

The average monthly increase in EURC transaction volume was around 89%. At the same time, its 30-day turnover grew from $47 million in June 2024 to $7.5 billion by June 2025. A similar trend was observed with PYUSD, which jumped from $783 million to $3.95 billion over the same period.

Analysts attributed this dynamic to local needs and regulations.

«The growth of USDC is closely tied to American institutional systems and regulated sectors, while the popularity of EURC reflects a rising interest in digital assets denominated in euros, likely due to the relevant MiCA regulations and their implementation in European fintech,» the Chainalysis report stated.

The analysts also examined cryptocurrency purchases on centralized exchanges paired with fiat currencies. Among all digital assets, Bitcoin was the clear leader, accounting for $4.6 trillion over the year.

The top five included L1 blockchain tokens, stablecoins, altcoins, and low-liquidity coins.

As a reminder, in the global cryptocurrency adoption ranking for 2024 by Chainalysis, the top positions were held by India, Nigeria, Indonesia, the USA, and Vietnam.