Chainalysis: Singapore Leads Asian Crypto Market

Singapore has solidified its position as Asia's primary crypto hub, with digital asset transaction volume rising 55.4% year-over-year to $284 billion. According to Chainalysis, institutional activity drove this growth, with volume through market makers, brokers, and OTC services surging 94% to $60 billion. While the broader Central and Southeast Asia and Oceania region saw a 6.8% decline in total volume, Australia ranked second with $173.1 billion, and India third with $135 billion. The report highlights a regional shift toward real-world infrastructure, including asset tokenization and cross-border stablecoin payments, which now significantly outperform domestic transfers in volume.