According to the most recent research, Nigeria has emerged as the African nation with the highest level of cryptocurrency interest, currently accounting for a sizeable share, roughly 66.8%, of the overall cryptocurrency interest in the continent year to date (YTD). This number is over eight times greater than the interest in cryptocurrencies seen in the next-most interested African nation.

According to the most recent research, Nigeria has emerged as the African nation with the highest level of cryptocurrency interest, currently accounting for a sizeable share, roughly 66.8%, of the overall cryptocurrency interest in the continent year to date (YTD).

This number is over eight times greater than the interest in cryptocurrencies seen in the next-most interested African nation.

South Africa, Morocco, Ghana, Egypt, and the Ivory Coast (Côte d’Ivoire) are among other African nations that exhibit some amount of interest in cryptocurrencies, but to a lower scale. To date (YTD), these nations have contributed roughly 23.8% of all the interest in cryptocurrencies in Africa.

When it comes to crypto interest on the continent:

West Africa takes the lead at approximately 74.7% of the continent’s total crypto interest.
Northern Africa – 10.0%
Southern Africa -9.6%
East Africa – 3.8%
Central Africa – 1.9%

East Africa and Northern Africa both have four countries among the top 15 African nations with the greatest interest in cryptocurrencies. Three nations from each of West Africa and Southern Africa are ranked among the top 15.

On the other hand, just one nation from Central Africa makes the top 15 list of African nations with a considerable interest in cryptocurrencies.

Meme coins, DeFi tokens, and blockchain networks have all experienced considerable growth in popularity in Africa in 2023. The top 17 cryptocurrencies in Africa are dominated by these three stories, which account for 13 tokens in total. These include:

Coins 7 are memes
3 are the native currencies of blockchain networks, and 4 are DeFi-related tokens.

African investors have shown interest in a variety of meme coins that are available throughout the continent. These meme coins range from Shiba Inu (SHIB) and DogeCoin (DOGE) to more recent additions like PEPE and Peepo (PEEPO), as well as additional dog-themed coins like Baby Doge Coin (BABYDOGE) and Bonk (BONK).

The top three cryptocurrencies in Nigeria are Peepo (PEEPO), Liquity (LQTY), and Conflux (CFX).
The most popular cryptocurrencies in South Africa are Dodo (DODO), Shiba Inu (SHIB), and Truebit Protocol (TRU).
Dogecoin (DOGE), Ripple (XRP), and Bonk (BONK) are the three most widely used cryptocurrencies in Morocco.
The most popular cryptocurrencies in Ghana are Kava (KAVA), Dust Protocol (DUST), and Bitcoin (BTC).
Sweatcoin (SWEAT), Arbitrum (ARB), and Pepe (PEPE) are the three most widely used cryptocurrencies in Egypt.

Based on statistics for web page views from January 1 to July 4, 2023 from CoinGecko, the study looked at the interest in cryptocurrencies by country in Africa.

13 African nations, according to CoinGecko, failed to track web page views during this time included:

Burundi
Cape Verde (Cabo Verde)
Central African Republic
Chad
Comoros
The Democratic Republic of Congo (DR Congo)
Djibouti
Equatorial Guinea
Eritrea
Gambia
Guinea-Bissau
Malawi
São Tomé and Príncipe