Bitget research report: The average number of daily transactions in Western Europe reaches 1.2-1.5 million, with a preference for popular public chains and the Solana ecosystem

On March 28, Bitget Research Institute released an analysis report on the Western European encryption market, comprehensively analyzing the current situation of the region from the overall situation of the Western European market, characteristics of cryptocurrency users, competitive landscape, and advantages of each platform. Western Europe is a very important market for the cryptocurrency industry. The number of DAU participating in cryptocurrency transactions in this market continues to rise from 700,000 people in 2023 to a level of about 1.2 million-1.5 million people in 2024. Among them, Germany and France are the top eight countries in Western Europe for crypto activities. the two most active countries. From the perspective of regulatory environment, the eight Western European countries are basically consistent with the EU. Generally speaking, they are open to the regulation of cryptocurrency and provide a stable and transparent regulatory environment; from the perspective of on-chain preferences, Western European users love to participate in decentralization. projects, are familiar with DEX on-chain tools, etc., and prefer popular public chains and the Solana ecosystem; in terms of trading preferences, Western European users are generally keen on spot trading, while Germany, the Netherlands, and Switzerland prefer contract trading, and are generally interested in emerging hot topics such as NFT and Meme. Acceptance of assets is high. In terms of centralized exchanges, the traffic of centralized exchanges in Western Europe has shown a fluctuating and rising trend in the past year. Western European users have higher demand for centralized exchanges than decentralized exchanges; and for decentralized exchanges, Western European users mainly use decentralized exchanges at the head of public chains such as Uniswap and Pancakeswap; the most commonly used wallets are TrustWallet, Metamask, Coinbase Wallet, and Bitget Wallet.