The Chainalysis Global Adoption Index is an annual ranking of 151 countries by how heavily their populations and institutions actually use crypto, blending on-chain data across exchanges, DeFi, and large institutional transfers. Chainalysis 2025 index places India first, followed by the US, Pakistan and Vietnam. According to the firm, ‘India’s crypto market is both fast-growing and highly complex,’ pointing out factors such as grassroots digital asset adoption and a strong fintech ecosystem. India’s currency woes, where the rupee is down ~25% against the US dollar, are relatively widespread across emerging markets. ... (full story)