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>>India continues its crypto dominance, while the US keeps pace with a striking 50% surge in volume.

India continues its crypto dominance, while the US keeps pace with a striking 50% surge in volume.

crypthub

4 days ago

India Maintains Top Crypto Adoption

India retained the #1 spot in TRM Labs’ Country Crypto Adoption Index for Jan‑Jul 2025, marking a third consecutive year at the summit. Growth is driven by a large youthful population, rising crypto literacy, and an expanding middle‑class seeking alternative assets. A vibrant developer community and broader digital‑payments infrastructure have boosted transaction activity for remittances, payments, and value preservation. The nation’s crypto ecosystem benefits from both retail and institutional investor interest.

U.S. Shows Explosive Volume Increase

The United States stayed second, with crypto transaction volume rising about 50% YoY to exceed $1 trillion between Jan and Jul 2025, mirroring a similar surge in 2024. It remains the largest market by absolute volume, propelled by growing retail and institutional participation. After the 2024 election, crypto engagement spiked, evidenced by a 30% increase in web traffic to virtual‑asset service providers. Regulatory and political developments continue to shape a dynamic landscape.

Stablecoins Dominate Yet Pose Risks

Stablecoins comprised roughly 30% of global crypto transaction volume, with USDT and USDC holding 93% of market capitalization. Their transaction volume hit a record, up 83% YoY to over $4 trillion from Jan‑Jul 2025, and market share grew by 52%. While TRM Labs judges 99% of stablecoin activity as legitimate, 60% of illicit crypto transactions in Q1 2025 involved stablecoins, largely due to low fees and fast transfers. Fraud remains the primary illicit use, even as sanctions‑related activity declined.