Sub-Saharan Africa has been identified as the third-fastest growing region for cryptocurrency adoption, according to a new report by Chainalysis. The region received $205 billion in onchain value from July 2024 to June 2025, marking a 52% increase from the previous year. This growth is driven by real-world crypto use cases amid challenges like currency devaluation and limited access to traditional financial services. Nigeria leads the region in institutional crypto adoption, receiving $92.1 billion in value over the past year. The country's tech-savvy youth and persistent inflation have made stablecoins particularly attractive. Meanwhile, South Africa's advanced regulatory framework has bolstered its institutional crypto market. Retail adoption in Sub-Saharan Africa is also notable, with over 8% of crypto transfers being $10,000 or less, surpassing the global average of 6%.