New global DeFi adoption index finds US, Vietnam, China, UK and India leading the way

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Jonathan Greig

By

Jonathan Greig

| August 24, 2021 — 11:00 GMT (12:00 BST)

| Topic: Blockchain

The US, Vietnam, China, India and the UK led the way in the first Global DeFi Adoption Index released by blockchain data platform Chainalysis. 

Similar to its Crypto Adoption Index, Chainalysis’ new index features rankings of countries based on their grassroots DeFi adoption and will include the top 20 nations that have embraced DeFi as well as key players and transactions pushing increased interest in DeFi.

DeFi, or “decentralized finance,” has become a hot topic over the last few weeks due to a series of headline-grabbing cyberattacks that led to millions being stolen. But DeFi has gained prominence over the last year and a half as a “class of decentralized cryptocurrency platforms that can run autonomously without the support of a central company, group, or person.”

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Jonathan Greig

By

Jonathan Greig

| August 24, 2021 — 11:00 GMT (12:00 BST)

| Topic: Blockchain