$ 103,215.8
BTC
-0.69 %
$ 2,407.14
ETH
-4.42 %
$ 0.7218
ADA
-5.18 %
$ 638.69
BNB
-1.33 %
$ 161.80
SOL
-5.51 %

Sujit Kumar
Jan 17, 2025

Bitcoin Leads Global Crypto Adoption, Ethereum L2s Gain Traction

Bitcoin Leads Global Crypto Adoption
A recent CryptoQuant study highlights the rapid growth of Bitcoin (BTC) and Ethereum Layer 2 scaling solutions, as crypto adoption surges worldwide. The report, “2024 Crypto Survey: Exchange Use and Investor Behavior,” reveals key trends shaping the digital asset market over the past year.

Bitcoin Dominates Investor Portfolios

Bitcoin continues to be the most sought-after cryptocurrency, driven by increasing demand from both retail and institutional investors. Following the approval of spot Bitcoin ETFs by the U.S. SEC, traditional financial players poured billions into BTC, propelling it to new all-time highs.

As a result, Bitcoin became the top choice for new entrants, solidifying its position as the leading digital asset. Stablecoins also saw strong adoption, serving as a bridge for users entering the crypto space.

Ethereum Layer 2 Solutions See Growing Interest

While Bitcoin remains dominant, Ethereum’s Layer 2 scaling solutions experienced increased demand, driven by the rise of Decentralized Finance (DeFi). Other high-interest assets included XRP, Solana, and Ether, reflecting a broader diversification in investor portfolios.

Asia Leads in Global Crypto Adoption

Geographically, Asia recorded the highest adoption rate, with 40% of survey participants coming from the region. Europe and North America followed, accounting for 29% and 10%, respectively. The study attributes this trend to macroeconomic factors and inflation hedging, which have accelerated the use of cryptocurrencies worldwide.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Bitcoin Leads Global Crypto Adoption, Ethereum L2s Gain Traction
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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