Bybit and DL Research have released the World Crypto Rankings 2025, an analysis of crypto adoption across 79 countries. The report highlights the rise of stablecoins, global tokenization, and the rapid normalization of onchain payrolls.
Bybit Unveils 2025 Global Crypto Rankings Report
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New World Crypto Rankings by Bybit Shows Adoption Trends
Bybit has introduced the World Crypto Rankings (WCR) 2025, an expansive data-driven study measuring how 79 countries and territories are incorporating digital assets into everyday economic life. Produced in collaboration with DL Research, the report uses 28 metrics and 92 data points to assess not just market participation, but the societal, regulatory, and technological factors shaping adoption worldwide.
Singapore claims the top position, backed by strong regulatory frameworks, deep institutional participation, and high public engagement. More than 11% of its population already owns crypto, and the city-state is now pushing toward mainstream retail and payments usage.
The United States ranks second, driven by ETF approvals, pro- crypto policy direction, and the world’s largest institutional trading flows. It continues to dominate DeFi volumes, centralized exchange activity, and Lightning Network usage.
Lithuania, in third, has emerged as Europe’s licensing gateway under MiCA. Although its domestic volumes are modest, its regulatory environment has made it a launchpad for crypto service providers operating across the EU. Switzerland and the UAE round out the top five, each operating as regional hubs for tokenization, institutional finance, and cultural acceptance of digital assets.
The WCR identifies stablecoins as the most widely used and evenly distributed crypto product globally. While USD-pegged tokens dominate, more countries are promoting local-currency stablecoins to enhance domestic payments, reduce dollar reliance, and strengthen monetary sovereignty. These assets are also driving regulatory alignment and institutional adoption.
“We’re witnessing a pivotal moment where blockchain technology is transitioning from experimentation to real-world integration across finance, commerce, and governance. The talent, innovation, and momentum we’re seeing globally signal that we’re building the foundational infrastructure for a more inclusive and efficient digital economy,” said Helen Liu, Co-CEO of Bybit.
Real-world asset tokenization continues to accelerate, with onchain RWA value rising from $15.8 billion to more than $25.7 billion this year. Markets like Singapore, Hong Kong, the U.S., and Lithuania are emerging as leaders, supported by mature legal frameworks and institutional readiness.
Read more: Tom Lee Says Ethereum Will Anchor the Next Global Financial System
Crypto payrolls, especially stablecoin-based payments, are gaining traction. Nearly 10% of professionals now receive part of their income in digital assets, up from 3% last year. This shift is particularly strong in remittance-heavy markets such as the UAE and the Philippines, where stablecoins offer faster and cheaper payouts.
The report emphasizes that these trends reinforce one another: local stablecoins support tokenized markets, which in turn drive onchain payroll demand. As countries refine their regulatory frameworks, those embracing integration will attract capital and innovation, while restrictive jurisdictions risk losing competitiveness in the next phase of global finance.
FAQ 🌍
- What is the World Crypto Rankings 2025?
It’s a global study by Bybit and DL Research assessing crypto adoption across 79 countries. - Which countries lead the rankings?
Singapore tops the list, followed by the U.S. and Lithuania. - What major trends did the report highlight?
Stablecoin usage, RWA tokenization, and rising onchain payroll adoption are the key drivers. - Why does this report matter?
It shows how regulatory clarity and real-world blockchain integration are shaping global competitiveness.
