Bybit and DL Research Release 2025 Global Cryptocurrency Rankings Report: Global Digital Asset Landscape Reshuffled, Revealing Three Major Trends

Odaily News Bybit, in collaboration with DL Research, today released the "2025 World Crypto Rankings Report." The report provides a comprehensive assessment of cryptocurrency adoption across 79 countries and regions globally, based on 28 indicators and 92 data points.

Singapore, with its world-leading regulatory clarity, a resident cryptocurrency ownership rate exceeding 11%, and strong institutional maturity, surpassed the United States to claim the top global ranking. The United States ranked second, followed by Lithuania, Switzerland, and the UAE in third to fifth places respectively. The Asia-Pacific region performed particularly well, with Vietnam ranking ninth, Hong Kong tenth, and Australia, the Philippines, and South Korea also successfully entering the global top 20.

Simultaneously, the report revealed three major trends in digital asset application:

- Tokenization of Real-World Assets (RWA): On-chain RWA value surged 63% in 2025, reaching $25.7 billion.

- Rise of Local Stablecoins: Countries are exploring stablecoins denominated in their local currencies.

- Normalization of On-Chain Payroll: The acceptance rate for cryptocurrency payroll skyrocketed from 3% to 9.6%, with stablecoins accounting for over 90%.