Global Crypto Activity Hits Records in 2024

💠In 2024, cryptocurrency users became more active, and the total value of global transactions surpassed the levels seen in 2021. According to a report by Chainalysis, global crypto activity peaked in the fourth quarter of 2024, surpassing the 2021 record and indicating a rise in cryptocurrency popularity.

💠The main driver of growth was the launch of spot Bitcoin ETFs in the US in January 2024. However, in the second quarter of 2024, the activity index dropped, signaling a slowdown in activity. Notably, the growth of stablecoins was particularly noticeable in countries with low and middle-income levels, while high-income regions like North America saw an increase in institutional transfers.