ApeX Protocol, a decentralized exchange (DEX) for derivatives trading, released a study evaluating countries through three core metrics.
The factors include blockchain patents, jobs in blockchain and the number of crypto exchanges. “Singapore is first as a global hub for blockchain innovation, excelling in both adoption and infrastructure development,” the study noted.
Further, the results showed that the US stands out for its dominance in blockchain research, innovation, and job creation, globally. The results shared with Cryptonews noted that South Korea leads in blockchain patent activity, showing its commitment to technological advancement.
The island nation has 1,600 blockchain patents, nearly 2,500 jobs related to blockchain and 81 crypto exchanges, leading to the highest composite score of 85.4.
Hong Kong stands second in blockchain and crypto technology, supported by over 1,100 blockchain jobs and strong crypto exchange base. Estonia and Switzerland followed closely with a higher composite score than the United States.
“This reflects a broader shift toward decentralization and transparency, which are becoming essential in today’s interconnected economy.”
“What stands out is how diverse approaches—whether through regulatory clarity, investment in talent, or fostering innovation—are paving the way for global adoption,” said a spokesperson from ApeX.
“From stablecoins to central bank digital currencies (CBDCs), the global stance on digital currency adoption is becoming increasingly clear — and Singapore is no exception,” Jason Tay, Head of Commercial at StraitsX, told Cryptonews.
Singapore has secured the top spot globally in crypto adoption this year, thanks to the growing technology and regulatory environment.