"APAC, leading the virtual asset market thanks to clear regulation·expansion of consumer infrastructure"
Summary
- It reported that the APAC region is leading the global virtual asset market thanks to policy clarity and the rapid expansion of consumer payment networks.
- According to Chainalysis data, APAC's on-chain transaction volume surged from $81 billion per month in mid-2022 to about $244 billion in December 2024.
- It said Japan's on-chain transaction volume grew by 120% due to regulatory revisions and stablecoin license approval, surpassing South Korea, India and Vietnam.
The Asia-Pacific (APAC) region appears to be leading the global virtual asset (cryptocurrency) market thanks to policy clarity and the rapid expansion of consumer payment networks.
According to Chainalysis data cited by CryptoNews on the 25th (local time), APAC's on-chain transaction volume surged from about $81 billion per month in mid-2022 to roughly $244 billion in December 2024. It has remained above $185 billion per month so far this year.
By country, Japan stood out. Over the year from June last year, its on-chain transaction volume increased by 120%, surpassing South Korea, India and Vietnam. This is interpreted as the result of regulatory revisions classifying more tokens as investment products, reforms to virtual asset taxation, and the approval of the first yen-pegged stablecoin issuer license.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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