Eastern Europe is witnessing an increase in cryptocurrency usage due to institutional and mass adoption in Ukraine and Russia.

- In Ukraine, large transactions in decentralized finance (over $10 million) increased by 362% over the year.

- In Russia, Belarus, Poland, and Slovakia, there is also a rise in large institutional transfers.

📉 Retail crypto activity in Ukraine grew by 82.2% for small transactions and by 92% for large ones.

- Decentralized exchanges in the region received $148.6 billion in cryptocurrency.

- In Ukraine and Russia, volumes on DEX grew by 160.2% and 173.8% respectively.

Chainalysis analysts note that decentralized finance accounts for over 33% of all crypto activity in the region.