Vietnam's cryptocurrency market value has exceeded $220 billion, marking a 55% increase over the past 12 months. This surge has propelled Vietnam to become the third-largest nation in Asia, in terms of crypto market size.

According to data recorded by Chainalysis, the Asia-Pacific (APAC) cryptocurrency market experienced robust growth from July 2022 to June 2025. On-chain transaction values saw a steady rise, tripling from approximately $81 billion in July 2022 to a record $244 billion by December 2024.

Following December 2024, transaction volumes saw a slight decrease but consistently remained above $185 billion per month until mid-2025. This strong performance solidified APAC's position as the fastest-growing region globally for on-chain transaction value, frequently ranking second only to Europe and occasionally surpassing North America. This underscores APAC's increasingly significant role in the global cryptocurrency landscape.

Vietnam, holding the third position, sees cryptocurrency gradually gaining popularity in the financial sector, often used for remittances, gaming, and savings.

Among the top five markets in Asia-Pacific, Japan recorded the strongest growth. In the 12 months leading up to June 2025, its on-chain transaction value increased by 120% year-over-year, outpacing Indonesia (103%), South Korea (100%), India (99%), and Vietnam (55%).

While Vietnam's 55% growth, though considerably lower than other top 5 markets, is seen as an indicator of a market entering a more mature phase.