Crypto Wallets Surge in Africa, But Activity Lags Behind

Crypto Wallets Surge in Africa, But Activity Lags Behind

A report recently released by Dune Analytics has depicted a paradox in the African crypto ecosystem. On the one hand, Africa is supposed to have some of the highest crypto adoption rates in the world—something that can barely be disputed given the substantial amount of data backing this. However, on the other hand, when one attempts to measure the actual on-chain activities (i.e., transactions that take place on a blockchain) being done by Afric…

Why trust and transparency will shape Africa’s crypto future

As cryptocurrency adoption accelerates across Africa, the excitement around the technology and its transformative potential is palpable. But alongside this rapid growth comes a critical challenge: ensuring that innovation does not outpace regulation. This balance is not just important — it is essential. Without it, the promise of crypto to revolutionise financial inclusion and economic participation risks being undermined by misuse, fraud, and i…