How crypto users reacted to the latest macro events and market conditions as mainstream adoption looms closer
The global events that unfolded in the first four months of the year present a unique scenario for blockchain technologies. The disruption of the global markets due to Russia’s war on Ukraine pushed the price of various metal and energy commodities, including Gold, Palladium, oil, and gas, near to or at all-time highs. The geopolitical landscape tainted the market with fear causing selling pressure in financial markets, including cryptocurrencies, driving prices down.
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Key Takeaways
- Ukraine and Russia lead the list of countries with higher crypto adoption rates, with 12.73% and nearly 12%, respectively.
- DeFi transactions in Q1 hit the lowest levels since February 2021, while the 116 million NFT transactions across all blockchains set new records in Q1’22.
- Transactions in Avalanche doubled from the end of 2021, while Ethereum’s activity…
