TechFlow news — A global survey covering respondents from 15 countries reveals that Nigeria, Africa's largest economy, has the most crypto-aware population worldwide.
The results of a global Web3 perception survey by Consensys and YouGov provide macro and regional insights, involving 15,158 respondents aged 18 to 65 from countries including the UK, the US, Japan, and Germany.
-
In Nigeria, 99% of respondents said they were aware of cryptocurrencies, while 70% reported understanding the basic concepts of blockchain technology. Awareness of the crypto industry in Nigeria aligns closely with investment activity.
-
Among 1,001 Nigerian respondents, 76% own or have previously owned cryptocurrency. Bitcoin and Ethereum are the most commonly held assets, while BNB and Dogecoin surpass Tether—the world’s largest stablecoin—in usage rates.
-
Ninety percent of Nigerian respondents expressed interest in investing in cryptocurrencies within the next year, and 65% believe cryptocurrencies offer a hedge against inflation and currency depreciation.
-
Considering Nigeria’s Central Bank severed ties between local banks and cryptocurrency exchanges in February 2021, 50% of respondents believe regulators should establish laws that encourage participation while protecting investors.
Ninety-five percent of U.S. respondents are aware of cryptocurrencies, while 42% have heard of the industry but lack a clear understanding. Only half of U.S. respondents reported owning or having owned crypto assets.
