India’s Crypto Evolution: Diversification Beyond Bitcoin Gains Momentum
CoinDCX's annual report reveals a maturing Indian crypto market where investors now hold an average of five tokens, signaling a strategic shift from speculative Bitcoin dominance to diversified portfolios featuring Ethereum, Solana, and other blockchain assets.
Tier-2 and Tier-3 cities now account for 40% of users, while female participation doubles—clear indicators of deepening nationwide adoption. The average investor age has risen from 25 to 32, reflecting growing participation from salaried professionals who approach digital assets as part of balanced financial strategies.
Mumbai's institutional corridors and tech hubs like Bangalore are driving Ethereum's dominance as developers leverage its smart contract capabilities for tokenization and DeFi applications. This isn't retail speculation—it's the quiet infrastructure build of India's Web3 future.
