A new study by Chainalysis highlights the region as the third-fastest growing hub for crypto activity worldwide, with $205 billion in onchain value recorded between mid-2024 and mid-2025. That marks a 52% increase from the prior year.

Stablecoins Filling the Dollar Gap

The growth has been powered by stablecoins, which have become a lifeline in economies battling inflation and foreign currency shortages. Finding U.S. dollars has become increasingly difficult, making dollar-pegged tokens like USDT the next-best alternative. Chainalysis says stablecoins already make up more than 40% of the region’s transaction volume, far higher than in most other parts of the world.

Nigeria’s Scale and South Africa’s Structure

Nigeria, home to a massive population of young, tech-savvy users, stood out as the largest player, moving $92.1 billion in value over the past year. Inflation and limited access to traditional financial rails have only accelerated crypto adoption there.

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South Africa’s story looks different. With clearer regulatory frameworks in place, institutional players have begun rolling out more sophisticated services — custody, compliance, and product offerings — that make it easier for larger investors to step in.

Retail Still Leads the Way

What makes Sub-Saharan Africa unique is that crypto isn’t just about big-ticket trades. More than 8% of transfers were under $10,000, outpacing the global average. That figure points to crypto being used in day-to-day commerce, remittances, and savings, rather than speculative trading.

Beyond Finance

StarkWare co-founder Eli Ben-Sasson argues that Africa’s challenges make it a proving ground for blockchain innovation well beyond money. Energy access, supply-chain transparency, and local governance are already being tested with blockchain tools, reinforcing the idea that Africa may be the first region where digital assets are integrated into multiple aspects of society.

For now, the continent’s story is less about speculation and more about necessity — and that may end up being the most powerful driver of adoption anywhere in the world.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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