Country Crypto GDP Ranking Index Report - July 2025
Publication Date: August 24, 2025 Report Classification: Monthly Cryptocurrency Ecosystem Analysis Reporting Period: July 1-31, 2025
Executive Summary
This report presents the Country Crypto GDP Ranking Index for July 2025, providing a comprehensive evaluation of cryptocurrency ecosystems across 20 major countries worldwide. The index, calculated using seven core indicators, objectively measures each nation's cryptocurrency economic activity levels and ecosystem development.
Key Findings:
Global cryptocurrency users: 350.3 million (5.4% month-over-month increase)
Total trading volume: $6.09 trillion (7.6% month-over-month increase)
United States maintains overwhelming leadership with 75.91 points
11 countries classified as Tier 4 (Developing), representing the majority
1. Methodology
1.1 Evaluation Indicators and Weights
The index is calculated based on the following seven indicators:
1.2 Normalization and Index Calculation
Each indicator is standardized to a 0-100 scale through min-max normalization
Final Index = Σ(Normalized Score × Weight)
Four-tier classification applied based on results
2. Main Results Analysis
2.1 Overall Rankings (TOP 20)
2.2 Performance Tier Analysis
Tier 1 (Leaders, 50+ points): 1 country
United States stands as the sole global leader with superiority across all indicators
Particularly dominant in mining market share (39.2%) and startup investment ($2.65B)
Tier 2 (Strong, 25-49 points): 3 countries
India: World's largest user base (101.3 million users)
China: Maintaining high mining market share (19.8%)
UAE: Highest adoption rate (33.0%) serving as Middle East hub
Tier 3 (Emerging, 15-24 points): 5 countries
Regional powerhouses forming an emerging group
Balanced development based on specialized strengths
Tier 4 (Developing, <15 points): 11 countries
55% of countries in development stage
Possess specific sector strengths but require comprehensive development
3. Regional Ecosystem Analysis
3.1 Asia Pacific
Total Users: 194.0 million (55.4% of global total)
Countries Included: 6 countries (India, China, Vietnam, Singapore, South Korea, Japan)
Average Index: 19.25 points
Asia leads the global cryptocurrency ecosystem with its absolute user base dominance. India's breakthrough to 100 million users and China's continued mining activities serve as major growth drivers.
3.2 North America
Total Users: 58.4 million (16.7% of global total)
Countries Included: 2 countries (United States, Canada)
Average Index: 45.60 points
North America records the highest average index relative to user count, demonstrating technological superiority. Combined, the US and Canada control 46.1% of global mining.
3.3 Europe
Total Users: 41.0 million (11.7% of global total)
Countries Included: 8 countries ( Russia, UK, Switzerland, Germany, Ukraine, Netherlands, Turkey, France)
Average Index: 10.79 points
Europe has the most countries in the TOP 20 but maintains relatively lower average index scores. However, it shows active trading with $1.92 trillion in trading volume.
3.4 Other Regions
Middle East (UAE): Average index 27.51 points, highest adoption rate 33.0%
South America (Brazil): Average index 20.59 points, 27.5 million users
Africa (Nigeria): Average index 13.43 points, 24.1 million users
Oceania (Australia): Average index 9.27 points
4. Monthly Change Trends
4.1 Month-over-Month Key Changes
+5.4%
User Growth Rate
18.1 million net increase
+7.6%
Trading Volume Growth
+$0.43 trillion increase
+7.7%
Startup Investment
+$360 million increase
4.2 Ranking Change Factors
July summer peak season effects showed the following characteristics:
1
High-Temperature Region Activation
Increased digital asset usage in Vietnam, UAE, Nigeria
2
Mining Efficiency
Northern hemisphere summer cooling costs affecting some regions
3
Trading Volume Increase
Expanded online financial service usage during vacation season
5. Policy Implications
5.1 Strategic Directions by Country
Leading Countries (Tier 1-2)
Lead global standard setting and technological innovation
Expand influence through international cooperation frameworks
Emerging Countries (Tier 3)
Secure competitive advantages through specialized sector development
Strengthen regional hub roles and regulatory framework establishment
Developing Countries (Tier 4)
Prioritize basic infrastructure development and talent cultivation
Expand cooperation to bridge technology gaps with advanced nations
5.2 Global Trend Response
Regulatory Harmonization
Increasing need for international regulatory standardization
Technical Standards
Unified technical standards for interoperability
Sustainability
Accelerated adoption of environmentally friendly blockchain technologies
6. Future Outlook
6.1 August Projected Trends
Rising Momentum
Continued growth expected from UAE and Vietnam
Risk Factors
Policy uncertainties related to US presidential election
Market Expansion
Projected breakthrough to 360 million total users
6.2 Medium-term Outlook (2025 Second Half)
Market Maturity: Accelerated progression of Tier 4 countries to Tier 3
Regional Reorganization: Strengthened hub roles for Middle East and Southeast Asia
Institutionalization: Impact on private cryptocurrency markets from major CBDC implementations
7. Research Limitations
Data Availability
Difficulty in accurate user count estimation for some countries
Measurement Timing
Month-end snapshot approach may not reflect volatility
Weight Subjectivity
Subjective elements in indicator weight setting
External Factors
Limitations in immediate reflection of rapid political/economic changes
8. Conclusion
The July 2025 Country Crypto GDP Ranking Index demonstrates accelerating multipolarization and regional specialization in the global cryptocurrency ecosystem. While US technological dominance continues, Asia's user base supremacy and the Middle East's emergence as a new hub represent notable changes.
The total market size exceeding $6 trillion, comparable to major economies' GDP, signifies that cryptocurrency has established itself as a crucial component of the global financial ecosystem.
National governments and policymakers need to develop balanced policies that establish appropriate regulatory frameworks while fostering innovation ecosystems in response to these changes.
Primary Sources: CoinMarketCap, CoinGecko, major exchange APIs
Collection Method: Real-time API integration, daily aggregation
Update Frequency: Real-time (monthly aggregation)
Reliability: Very High (99% confidence interval)
Disclaimer This report is prepared based on publicly available data and analytical models, and is not intended for investment advice or policy recommendations.