Indonesia could be charting new frontiers as a global adoption leader
Indonesia emerges as a global Web3 leader with high crypto adoption, a young tech-savvy population and supportive regulations.
Opinion by: Mohammed AlKaff AlHashmi, Co-founder of Haqq Network.
The world is now embracing the evolution of Web3. Meanwhile, in Indonesia, there is nothing short of a Web3 revolution taking place. With its remarkable level of crypto adoption, a young, tech-savvy population and a supportive regulatory environment, Indonesia is set to become a global leader in Web3 innovation in the coming years. As the local market grows, however, more solutions must be found that align with the Indonesian population’s unique cultural and ethical values.
Indonesia boasts some of the most substantial growth numbers in the crypto market globally. The country ranks third in the Chainalysis Global Crypto Adoption Index, trailing only India and Nigeria. Indonesia’s crypto industry experienced $157 billion of value inflows between 2023 and 2024, making it a leader in Central and Southern Asia and Oceania. The country’s crypto market is one of the fastest-growing in the region, surging by nearly 200% year-on-year.
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Author: Mohammed AlKaff AlHashmi
