Overview
- Bybit and DL Research assessed 79 countries using 28 metrics and 92 data points spanning regulation, institutions, and user penetration.
- Asia-Pacific secured six spots in the top 20, with Vietnam ranked ninth and Hong Kong tenth following a regulatory reset.
- The United States fell from first, while Lithuania, Switzerland, and the United Arab Emirates completed the top five.
- Singapore’s rise reflects a licensing regime that attracts major platforms plus high user participation, with more than 11% of residents holding crypto.
- The report highlights three shifts: real‑world asset tokenization up 63% to over $25.7 billion, growth of local currency‑pegged stablecoins, and crypto payroll reaching 9.6% of professionals in 2024 from 3% in 2023.