The increased adoption of cryptocurrencies comes as more and more people seem to be starting to understand the digital asset despite the market's current state of uncertainty.
As evidence, the report shows trends have impacted blockchain in the last quarter as crypto adoption accelerated to be able to increase adoption and regulation.
It is explained that the countries that use crypto on a large scale are Ukraine, Indonesia and Russia with increased usage rates of 143.17%, 115.59% and 88.28%.
While Ukraine surged 143.7% in fifth place and the United Kingdom (UK) fell to sixth place following a 6.40% decline in September, while Nigeria rose 12.52% to take seventh place and then the Philippines dropped 9.7%.
While the United States (US) still maintains its position as the largest crypto market and India managed to beat Russia through an increase of 10.40%.
Nevertheless, Vietnam is seen to have experienced the most significant decline when making a decrease of 49.30%, when Germany decreased by 3.38% compared to Brazil which increased by 16.60%.
In the meantime, gender dominance in the blockchain space is still the same as men increased by 75% while women jumped by 6.16% from July to September.
In context, regulators in the US, UK and EU are playing a dominant role in further increasing the use of crypto in society through new crypto regulations that will be implemented next year.
On the other side, the Web3 market is now well-known since the beginning of the year with a 36% increase in Web3 smart contracts.
