Brazil Outranks US in Crypto Adoption During Worst Bear Market Since 2022
Brazil ranked as the world‘s top country for grassroots crypto adoption in Chainalysis’ 2026 index. It beat the US as cryptos market value roughly halved. The countrys crypto economy reached $252.5 billion over the 12 months ending June 30. Worldwide, on-chain activity slipped just 1.6% while the market shed $2.1 trillion. Sponsored Sponsored How Brazil Beat the US Without Winning a Single Category Brazil ranked fourth or higher in every category the index measures. It came second in cross-border flows, third in service flows and domestic peer-to-peer (P2P) activity, and fourth in balances. “In a year when bear markets stunted global growth, it continually delivered strong performance relative to its size, beating more established markets like the United States,” the report said. That consistency decided the result because of how the index is built. Chainalysis scores each country from 0 to 1 for each category and then computes the geometric mean. The firm says this approach favors countries that score well across the board, so no single strong category can hide weak ones. The US ranked first in both service flows and balances. However, it placed 11th in cross-border flows and 20th in domestic P2P transfers, leaving it second overall. Brazil placed fifth in the firms 2025 ranking, which









