Nigeria Fuels Sub-Saharan Africa’s Crypto Surge Despite Ranking Slide

Sub-Saharan Africa is experiencing explosive growth in the cryptocurrency market, with on-chain value exceeding $205 billion between July 2024 and June 2025. Despite dropping from second to sixth place globally on Chainalysis’ adoption index, Nigeria remains a dominant player, generating $92.1 billion in on-chain activity, nearly half of the region’s total value. This surge has propelled Sub-Saharan Africa to become the third-fastest growing crypto region globally. ]