Sumara
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  1. Market analysis
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Web3 adoption

PreviousThe digitalisation of tradeNextSize of fee pool

Last updated 11 months ago

The cryptocurrency adoption curve is on track to be the fastest in human history:

Source:

Developing economies’ adoption of cryptocurrencies is greater than in developing markets:

Source:

Sub-Saharan Africa as a region accounts for the second highest volume of P2P cryptocurrency trading, despite average transaction volume being well below that of North America:

It is widely accepted that Web3 solutions are perfectly suited for trade finance- however no Web3 trade finance solutions have yet achieved material success.

Source:
https://www.coindesk.com/business/2023/07/12/can-crypto-match-the-internet-and-hit-5b-users/
https://www.ft.com/content/1ea829ed-5dde-4f6e-be11-99392bdc0788
https://www.ft.com/content/1ea829ed-5dde-4f6e-be11-99392bdc0788