Interest in Small Cap Cryptocurrencies Leads in US, UK, and Philippines

Where Are Crypto Enthusiasts Most Active?

The United States takes the lead as the most active country in crypto, accounting for 16.8% of global interest in smaller market capitalization cryptocurrencies on on-chain DEX trackers. Following closely is the UK, with 6.2% interest in so-called ‘shitcoins’ or meme coins, and the Philippines, with 5.1% interest.

Collectively, the top 25 most active countries in crypto make up a significant 77.8% of on-chain speculation interest.

Source: Similarweb and coingeckoresearch

In Southeast Asia, apart from the Philippines, neighboring countries showing significant interest in smaller market capitalization cryptocurrencies include Indonesia (4.0% share), Vietnam (2.9%), Thailand (1.2%), and Malaysia (0.9%).

In Africa, Nigeria stands out as the sole African country among the top 25 crypto enthusiasts, ranking sixth with a 3.9% share.

Within the European Union (EU), France leads with a 4.4% share of global interest, followed by the Netherlands (3.0%) and Poland (2.4%). Overall, six EU nations are among the top 25 countries with the highest interest in cryptocurrencies.

Remarkably, 18 of the 25 most crypto-enthusiastic countries are members of the G20, an international forum of economically influential nations.

Methodology

This study analyzed country-specific total visits to GeckoTerminal, DEX Screener, and DEXTools between April 2023 and March 2024, using data sourced from Similarweb.

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