According to Chainalysis DeFi Adoption Index, a recent report by Chainalysis, Togo leads in decentralized finance in Africa. On the continent too, technology is booming.

The popularity of cryptocurrencies perceived as new safe havens has exploded around the world. The analytics firm that helps governments, cryptocurrency companies, and financial institutions commit to blockchain technologies, concluded in its report that Togo is the top country in Africa when it comes to DeFi (Decentralized Finance). - cryptocurrency). Thus, Togo is currently the only African country to appear in the top 20 alongside China, Russia and the United States of America. This new medal comes after the bronze medal (3rd in Africa), obtained by the country on the continental level, in a previous report by the New York firm on the Global Cryptocurrency Adoption Index in 2020. The index Challenge Adoption Index by Chainalysis is a barometer from blockchain research firm that ranks countries based on Challenge adoption. This ecosystem has seen stratospheric growth since the beginning of this year, with a capitalization hovering around $140 billion on Monday, September 13, according to CoinMarketCap.