$BTC The Countries Where $BTC Lives
Between People, Not Platforms
Crypto services had a hard year: value
flowing into exchanges, DeFi and other
platforms fell 4.3%. Meanwhile, value
moving directly between personal wallets
inside countries rose 302.9% to $228.7
billion, and 96% of it moved in stablecoins.
So where does crypto live between people
the most? Here is the top 8 by domestic
peer-to-peer activity from Chainalysis'
2026 Global Crypto Adoption Index
I1. Nigeria: also 1st in cross-border
flows, yet only 18th in service flows
2. China: 2nd in peer-to-peer, but 29th
in service flows
3. Brazil: the only country in the top 4 of
every category, and 1st overall
4. South Africa: 33rd in service flows,
but 3rd in cross-border activity
5. Thailand: 25th in service flows, 6th in
balances
Between People, Not Platforms
Crypto services had a hard year: value
flowing into exchanges, DeFi and other
platforms fell 4.3%. Meanwhile, value
moving directly between personal wallets
inside countries rose 302.9% to $228.7
billion, and 96% of it moved in stablecoins.
So where does crypto live between people
the most? Here is the top 8 by domestic
peer-to-peer activity from Chainalysis'
2026 Global Crypto Adoption Index
I1. Nigeria: also 1st in cross-border
flows, yet only 18th in service flows
2. China: 2nd in peer-to-peer, but 29th
in service flows
3. Brazil: the only country in the top 4 of
every category, and 1st overall
4. South Africa: 33rd in service flows,
but 3rd in cross-border activity
5. Thailand: 25th in service flows, 6th in
balances
