Chainalysis reported that South Korea led East Asia’s crypto economy with approximately $449.1 billion in activity between July 2025 and June 2026, followed by Japan at $228.3 billion, Hong Kong at $192.2 billion, mainland China at $176.3 billion, and Taiwan at $140.4 billion. South Korea’s growth was driven primarily by retail trading, with AI-related tokens emerging as the market’s most popular thematic category. In Hong Kong, institutional platforms accounted for 16% of inflows to crypto services, significantly higher than in other markets across the region.