More than $1 trillion flowed through U.S. crypto markets over the past year, helping the country strengthen its position as the largest crypto sector in the world. According to a new report by analytics firm TRM Labs, this growth is not a temporary hype but part of a “multi-year structural development phase.”
Nevertheless, India remains the leader in mass adoption — over the past 30 months, the volume of on-chain transactions there has tripled. Alongside Pakistan and Bangladesh, India forms the epicenter of global crypto growth. Notably, North Africa, despite government restrictions, ranks among the most active regions: Egypt, Morocco, and Algeria all made it into the top 50 countries by the number of cryptocurrency users.
Another key driver is stablecoins, which bridge the traditional financial system and blockchain. More than 90% of these tokens are pegged to the U.S. dollar, and their on-chain transaction volume in 2026 reached a new all-time high. They allow users to transfer funds worldwide within seconds, without banks, while maintaining stable purchasing power.
The rise in crypto activity coincides with the Donald Trump administration creating a more crypto-friendly regulatory environment and institutional inflows hitting record levels. According to TRM, traffic to top crypto exchanges has increased by 30%, while retail investors are returning to the market. This marks a continuing paradigm shift: cryptocurrency is no longer seen as a “speculative toy” but as a legitimate asset class.