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The U. S. leads deFi adoption, followed largely across Vietnam, China, and the U. K. as cryptocurrencies gain momentum.

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The United States leads the global adoption of decentralized finance, followed largely through Vietnam, Thailand, China and the United Kingdom as cryptocurrencies gain momentum, according to a new one through Chainalysis, a crypto analytics firm. The buildup in DeFi adoption is basically due to experienced cryptocurrency investors diversifying their portfolios, Chainalysis said. As a result, middle- to high-income countries with established cryptocurrency markets and developing institutional approval ranked first on their list. “At the moment, DeFi is aimed at crypto experts,” David Gogel, head of expansion at dydx, a popular DeFi protocol, said in the study. “These are other people…

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