Chainalysis releases DeFi Adoption Index with U.S. leading the way

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Chainalysis ranked nations in three categories: on-chain DeFi value received, on-chain retail DeFi value received and on-chain number of DeFi deposits. The first two are weighted to compensate for each nation’s wealth per resident to mitigate disparities between nations with wealthier and less wealthy populations.

Chainalysis ranked 154 countries with these metrics. The U.S., Vietnam, Thailand, China and the United Kingdom rounded out the top five slots.

Countries with the largest institutional and professional markets are driving the most DeFi adoption, according to Chainalysis. This is because DeFi remains the realm of the crypto insider, according to their research,

https://www.tbstat.com/wp/uploads/2021/08/Screen-Shot-2021-08-23-at-5.36.30-PM-768×450.png

“DeFi adoption…has primarily been powered by experienced cryptocurrency traders and investors looking for new sources of alpha in innovative new platforms, even when we weight our index to favor grassroots adoption,” reads the report.

TLDR: institutional investors are skyrocketing the market.

IMO, this is good for price action but potentially hazardous in regards to regulation. Institutional investors have a tendency to pay for play with regulators and lobby for regulation that favors big money. Never the less it’s good to see growth in the sector.

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