A report by blockchain data firm Chainalysis shows that between July 2021 and June 2022, sub-Saharan Africa will see the least amount of cryptocurrency transactions, receiving $100.6 billion in on-chain transactions, accounting for 2% of global activity. %, but the region accounts for the highest proportion (80%) of crypto retail payments under $1,000 globally. In addition, peer-to-peer transactions in Africa account for about 6% of all crypto transaction volumes, more prevalent than anywhere else in the world; besides retail transactions, remittances and business transactions are also the main drivers of high adoption and usage in Africa; the report said from The bear market began in May, and the number of small retail transfers in the region actually did not decline but began to grow; P2P exchange Paxful’s transaction user growth rates in Nigeria and Kenya were as high as 55% and 140%.