Movement Network cited Chainalysis' 2025 Geography of Cryptocurrency Report, showing sub-Saharan Africa's on-chain transaction volume surpassed $205 billion last year, up 52% year over year, ranking third globally. Nigeria saw digital asset inflows of over $92.1 billion, with Bitcoin accounting for 89% of the country's crypto purchases.
Movement Network, citing Chainalysis' 2025 Geography of Cryptocurrency Report, said on-chain transaction volume in sub-Saharan Africa exceeded $205 billion last year, a 52% increase year over year and the third-highest globally.
Nigeria recorded over $92.1 billion in digital asset inflows last year, with Bitcoin representing 89% of the country's crypto purchases, according to the report.
Movement noted that local users are turning to crypto assets as a store of value amid currency depreciation and high inflation, rather than as a speculative tool. The project said its platform enables sub-second stablecoin settlement and, through partnerships with licensed payment institutions in Europe and the U.S., provides fintech companies in the region with compliant cross-border payment infrastructure.
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