Brazil ranked as the world’s top country for grassroots crypto adoption in Chainalysis’ 2026 index, overtaking the US even as crypto market value roughly halved. The country’s crypto economy reached $252.5 billion over the 12 months ending June 30, according to BeInCrypto, while Brazil placed fourth or higher in every category measured, including second in cross-border flows and third in service flows and domestic P2P activity. Global on-chain activity slipped 1.6% as the market shed $2.1 trillion.