Vietnam recorded an estimated $122.2 billion in crypto asset activity between July 1, 2025 and June 30, 2026, ranking fourth in the Central and Southern Asia, Southeast Asia and Oceania (CSAO) region, according to data from Chainalysis, a US-based blockchain analytics and digital asset data company.
Vietnam ranked behind Singapore, with $284.1 billion in activity, Australia with $173.1 billion and India with $135 billion.
The data showed that Vietnam’s Utility Index, which measures activity related to the use of crypto assets, increased 127% from the previous period, while its Financial Index declined 5%. This suggests that market growth was driven mainly by peer-to-peer (P2P) transactions and cross-border flows rather than institutional financial channels.
Chainalysis also reported strong P2P activity in Vietnam, the Philippines and Thailand. The three countries recorded a combined 5.4 million domestic and cross-border P2P transfers, accounting for 14.4% of global P2P transactions, despite representing only 2.5% of the global crypto economy by value.
Vietnam’s stablecoin activity included $6.9 billion in domestic transactions and $10.5 billion in cross-border transactions.
Meanwhile, crypto asset activity through centralised exchanges (CEXs) in Vietnam reached approximately $69.9 billion, equivalent to 57% of the country’s total crypto asset activity of $122.2 billion during the period.
The figures indicate the significant role of retail and P2P transactions in Vietnam’s crypto market, while activity through institutional financial channels remains comparatively smaller.
Google translate