DeFi Activity Doubles in Sub-Saharan Africa, Latin America In One Year

According to data by chainalysis, DeFi activity more than doubled in Latin America and Sub-Saharan Africa.

When we look at year-over-year growth in terms of types of services, we see that DeFi activity increased significantly in Sub-Saharan Africa, Latin America, and Eastern Europe. This growth likely drove an increase in altcoin activity in these regions, as shown in the above chart.