CoinDCX Report: 2025 Sees Indian Crypto Users Diversify Beyond Bitcoin

TLDR:

• Layer-1 tokens dominate Indian portfolios at 43.3% share with Bitcoin holding 26.5% and meme coins at 11.8%
• Non-metro cities account for 40% of India’s crypto users with Lucknow leading at 4,000 crore rupees volume
• Average token holdings per investor increased from 2-3 in 2022 to 5 tokens showing portfolio diversification
• Female crypto participation doubled year-over-year with Kolkata, Delhi and Mumbai leading among metro cities

India recorded over 51,000 crore rupees in crypto trading volume this fiscal year. 

The market saw structural changes as investors moved from single-asset holdings to diversified portfolios. Non-metro cities now account for 40% of all crypto users in the country. 

CoinDCX released data showing average holdings increased from 2-3 tokens in 2022 to 5 tokens per investor.

Layer-1 Networks Dominate Portfolio Allocation

Indian crypto portfolios shifted heavily toward Layer-1 blockchain networks in 2025. These assets now represent 43.3% of total holdings by volume. Bitcoin maintains a 26.5% share while meme coins account for 11.8% of portfolio composition.

The preference for Layer-1 tokens signals a move toward research-driven investing. 

Ethereum adoption surged across major cities with Bengaluru seeing volumes jump 6.6 times from 4 million to 26 million dollars. Pune recorded the sharpest increase at 10 times growth from 2.2 million to 20 million dollars.

Mumbai shifted decisively to Ethereum with 22 million dollars in volume compared to 16 million for Bitcoin. The average investor age rose from 25 to 32 years. This demographic shift indicates greater financial stability entering the market.

Theme-based investing emerged as investors grouped assets by sector potential rather than price movements as per the CoinDCX report. The approach mirrors equity market strategies where long-term fundamentals drive allocation decisions.

Tier-2 and Tier-3 Cities Lead Growth Wave

Non-metro participation exploded across India’s heartland cities. Lucknow led with 4,000 crore rupees in trading volume and recorded 5x growth in Ethereum activity. The city also became a major hub for SUI token adoption.

Pune emerged as the most active upcoming metro market. Solana volumes in the city quadrupled during the year. Jaipur witnessed Ethereum volumes double to surpass Bitcoin while Solana trading tripled.

Cities like Bhopal, Chandigarh, Indore, Guwahati and Ludhiana entered India’s top trading centers. Patna ranked second among non-metros in absolute volume after Lucknow. Female participation doubled year-over-year with Kolkata leading among metros.

Women investors showed strong portfolio diversification across Bitcoin, Ethereum, Solana and other major tokens. Bhubaneswar, Kochi and Vadodara led female participation among smaller cities. Emerging centers like Siliguri, Imphal and Ernakulam recorded notable growth.

CoinDCX data indicates 55% of hedge funds now hold crypto with an average 7% allocation. Institutional adoption moved from future signal to current baseline as the market entered a more stable phase.

The post CoinDCX Report: 2025 Sees Indian Crypto Users Diversify Beyond Bitcoin appeared first on Blockonomi.