A report put out recently by Dune Analytics and called State of Wallets 2025 sheds light on Africa’s rapidly expanding DeFi ecosystem. While the continent may be behind in most metrics (like overall transaction volume and wallet balances), it is seen as the next big opportunity for Web3 growth, with increased activity in onboarding new users to decentralized finance, digital assets, and crypto-power financial services. The information leads us to an intriguing contradiction: while Africa provides under 1% of the worldwide transaction and balance activity, it possesses some of the loftiest user penetration rates for headline wallet platforms. This subset
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