Asia Pacific (APAC) is pulling ahead in the crypto market because policy is tilting toward clarity while consumer rails scale fast. From late 2023 through mid 2025, the region’s on-chain value received rose sharply, climbing from about $81b a month in mid 2022 to a peak near$244b in Dec. 2024, and holding above $185b per month this year, according to a Chainalysis report published Wednesday. Japan is now the standout. On-chain value received rose 120% in the 12 months to June 2025, outpacing South Korea, ...