Consensys conducted a survey covering 15 countries in order to measure global awareness of cryptocurrencies and published a comprehensive research report on the subject. It was revealed that 92% of the survey participants were aware of cryptocurrencies. However, despite the rising adoption rates of cryptocurrencies, awareness of Web3 remained at very low levels.
The Adoption of Cryptocurrencies is Increasing
With the wider adoption of blockchain technology in recent years, cryptocurrencies have gained significant popularity on a global scale. The total value of the cryptocurrency market has experienced substantial growth in recent years.
The adoption rate of cryptocurrencies, including in the United States, has seen a significant increase in recent years. The involvement of institutional investors in the crypto industry has played a major role in the increase of adoption rates.
The widespread reach of decentralized finance (DeFi) protocols and NFTs to the masses over the years has contributed significantly to the adoption of cryptocurrencies. The increase in adoption rates has also led to a significant increase in the number of crypto projects.
Consensys Report
Consensys conducted a survey covering 15 countries in order to measure global awareness of cryptocurrencies and published a comprehensive research report on the subject. The report emphasized that despite the rise in the adoption of cryptocurrencies, awareness of Web3 remains at very low levels.
It was revealed that 92% of the survey participants were aware of cryptocurrencies. The report also stated that 50% of the survey participants who expressed awareness of cryptocurrencies have a basic understanding of them. Additionally, 40% of the participants were found to have held or purchased any cryptocurrency in their portfolio. According to the report, countries such as the United States, the Philippines, Vietnam, India, and Nigeria stand out with the highest percentage of cryptocurrency investors.
