Africa is quickly becoming one of the most interesting emerging markets in the world of crypto, though it is still largely untapped by institutional investors. While markets in North America and Europe are becoming increasingly developed, African markets are growing in real-world use cases.
According to Chainalysis, the total value of on-chain activity within the region surpassed $205 billion for the twelve months to June 2025. This represents a 52% growth from the preceding year. This growth represents the third fastest-growing region in the world after APAC and Latin America.
The growth is mainly attributed to real-world use cases. For example, remittances, payment services, and record-keeping.
In March 2025, there was a surge in activity within the region. The monthly figure reached nearly $25 billion, representing a deviation from other months when most other regions recorded declining figures.
Nigeria Just Logged $96B in Crypto, And It’s Leading All of Africa
Much of the crypto growth in Africa has been fueled by centralized exchange activities in Nigeria. This saw a surge in cryptocurrency usage after the currency’s devaluation.
Recently, the DG of the SEC in Nigeria, Emomotimi Agama, disclosed that the country’s digital finance ecosystem had processed $96 billion in crypto and other virtual assets.
Also, an examination of on-chain transactions shows that stablecoins are being used in large transactions related to trade flows between Africa, the Middle East, and Asia.
Specifically, there are multi-million-dollar stablecoin transactions related to sectors like …
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