Driven by DeFi, North America’s crypto volume increased 1,000% year-over-year By Cointelegraph
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Digital analytics firm Chainalysis reported that the growth in North America’s crypto market has been driven by the rise in popularity of decentralized finance.
Chainalysis published its 2021 Geography of Cryptocurrency Report. From July 2020 through June 2021, the North American monthly cryptocurrency transaction volume grew more than 1,000%. In May 2021, the monthly volume reached $164 billion. It then dropped to $100 billion in June.
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