Ukraine and Russia are major players in the global crypto economy, ranking 6th and 7th in this year’s Global Crypto Adoption Index.

Russia rose six places compared to last year, according to the Chainalysis report. Eastern Europe brought $182.44 billion in crypto flows to Russia and $106.1 billion to Ukraine.

DeFi platforms also grew: up 160% to $34.9 billion in Ukraine and 173% to $58.4 billion in Russia.

No-KYC crypto platforms in Russia have gained popularity due to sanctions. 🌐💸