APAC is Dominating the Crypto World! India Leads On-Chain Volume as Japan Records Fastest Growth

A recent report from Chainalysis clearly confirms that the Asia-Pacific (APAC) region has cemented its position as a major force in the global crypto economy. The findings from the "Geography of Cryptocurrency Report 2025" indicate that APAC is now the fastest-growing crypto market worldwide, routinely rivaling or even surpassing North America in monthly transaction volumes.

The key statistic highlighted is the region’s monthly on-chain value received, which increased threefold over 30 months, skyrocketing from roughly $81 billion in mid-2022 to a peak of $244 billion by December 2024. Even after that peak, activity remains robust, currently staying above $185 billion per month.

Looking at the main countries within APAC reveals interesting dynamics:

India: Remains the undisputed leader in the region in terms of overall on-chain transaction volume and holds the number one spot on the 2025 Global Adoption Index.

Japan: Recorded the strongest growth rate, with on-chain value received surging by 120% in the 12 months leading up to mid-2025. This rapid ascent is attributed to proactive regulatory reforms, stablecoin licensing, and heightened trading volumes, particularly for XRP.

South Korea: Is characterized by speculative trading and a significant increase in stablecoin usage.

Vietnam: Focuses on cross-border remittances and gaming integration.

This remarkable diversity and explosive growth show that APAC is not following a single blueprint for crypto adoption. Instead, each country is forging its own unique, yet highly impactful, path to drive the growth of the digital asset economy.

Concluding Summary (Additional Insight)

As a crypto investor, the explosive growth of the Asia-Pacific region—particularly India’s dominance in transaction volume and Japan's rapid growth driven by clear legal frameworks—is an excellent sign. It indicates that crypto adoption is no longer just a trend, but is actively being driven by real utility and regulatory clarity. This is an opportunity to see new innovations emerge in our own region and underscores that Asia is a critical heartland for shaping the future direction of the global crypto market.