Russia Emerges as a Hub for Blockchain Innovation Amid Global Market Boom

Blockchain technology is accelerating beyond cryptocurrency, with 60% of Fortune 500 executives actively pursuing blockchain initiatives, according to a Coinbase survey. The market is projected to explode from $31.18 billion in 2025 to $1,431.54 billion by 2030—a 90.1% CAGR.

Russia has solidified its position as a European leader, hosting over 150 blockchain firms as of 2019. Academic centers and research companies from Moscow to Novosibirsk are now driving advancements in smart contracts, tokenization, and enterprise solutions. These entities specialize in protocol development, software creation, and real-world integration.

The growth mirrors global momentum, with institutions increasingly adopting blockchain for payments, logistics, and decentralized finance. Russia’s concentrated expertise suggests it may play a pivotal role in shaping the next wave of Web3 infrastructure.