Nigeria has by far the highest level of crypto interest in Africa, in 2023 so far. It represents 66.8% of crypto interest in the continent year to date (YTD), which is almost 8 times of the next most interested African country.

Nigeria was previously ranked as the most crypto-curious country in the world, alongside Kenya. The West African country has frequently appeared in other global top rankings too, with strong interest in specific areas of crypto including meme coins, web3 gaming, AI crypto and even Proof of Reserves.

As with other countries in Africa, Nigeria’s crypto interest and adoption is largely driven by poor traditional finance infrastructure as well as economic challenges, including high inflation and currency depreciation.

In total, the top 15 African countries represent a majority 97.5% of crypto interest in the continent this year.