TechFlow, December 8 — Huobi Research Institute, a leading global blockchain research institution, released its annual report titled "Global Blockchain Industry Landscape and Trends 2022–2023," providing a comprehensive analysis of the blockchain industry's developments and setbacks in 2022 across seven domains: market performance, data, investment, geography, applications, technology, and regulation, while also forecasting trends for 2023. The report reveals that the global crypto user base has reached 320 million, with Asia accounting for 40%, and the crypto market is expected to turn around in the first quarter of next year.
The report also highlights that North America has the highest density of crypto users; the top three regions accessing CEX platforms are the United States, South Korea, and Russia; in terms of DeFi, the U.S. holds the largest market share; and over one-third of the population in South America and Africa use stablecoins in daily transactions.
According to the report’s predictions, the crypto market is poised for a turnaround in Q1 next year, with more developing countries expected to adopt cryptocurrencies for payments or as legal tender. On the regulatory front, on-chain "embedded" regulation is being placed on the agenda.Read more
