India Tops Global Crypto Adoption Index 2025

India has secured the top position in Chainalysis's Global Crypto Adoption Index for 2025, marking a significant milestone for the country's digital asset ecosystem. The report highlights accelerating cryptocurrency utilization driven by emerging markets, regulatory advancements, and technological integration.

Chainalysis's methodology evaluates four key sub-indices: on-chain value received by centralized services, retail activity on centralized platforms, DeFi protocol volumes, and institutional participation—all normalized by GDP per capita to emphasize grassroots adoption. The index covers 151 countries, with scores scaled from 0 to 1 to enable cross-border comparisons.

While VPN usage may distort regional data, the findings underscore India's leadership in crypto adoption amid growing institutional interest and infrastructure development. The results signal a broader shift toward digital assets as foundational components of global finance.