The region has growing institutional momentum and retail adoption, as the countries face economic challenges that could provide fertile ground for Web3. Sub-Saharan Africa is the third-fastest growing region for crypto adoption, according to a new report from blockchain data platform Chainalysis. The report underscores the region’s emphasis on real-world crypto use cases in the face of currency devaluation, lack of traditional finance rails and other challenges.According to the report, Sub-Saharan Africa received $205 billion in onchain value between July 2024 and June 2025. This onchain value received is up 52% compared to the previous reporting period and makes the region the third-fastest growing for crypto adoption, behind Asia-Pacific and Latin America.This reporting period, the region saw growth in institutional adoption, led by stablecoin flows, which are accounting for million-dollar transactions between Africa, the Middle East and Asia. In Sub-Saharan Africa, Nigeria led the way for institutional momentum, receiving $92.1 billion in value over the 12 months.Read more The region has growing institutional momentum and retail adoption, as the countries face economic challenges that could provide fertile ground for Web3. Sub-Saharan Africa is the third-fastest growing region for crypto adoption, according to a new report from blockchain data platform Chainalysis. The report underscores the region’s emphasis on real-world crypto use cases in the face of currency devaluation, lack of traditional finance rails and other challenges.According to the report, Sub-Saharan Africa received $205 billion in onchain value between July 2024 and June 2025. This onchain value received is up 52% compared to the previous reporting period and makes the region the third-fastest growing for crypto adoption, behind Asia-Pacific and Latin America.This reporting period, the region saw growth in institutional adoption, led by stablecoin flows, which are accounting for million-dollar transactions between Africa, the Middle East and Asia. In Sub-Saharan Africa, Nigeria led the way for institutional momentum, receiving $92.1 billion in value over the 12 months.Read more