Vietnam's Booming Crypto Market: A Leader in ASEAN

Vietnam's Crypto Landscape

Vietnam boasts a vibrant cryptocurrency scene, with 16.6 million crypto holders, ranking second in the ASEAN region after Thailand. This robust community primarily invests in Bitcoin, with 31% of holders owning the popular cryptocurrency.

Focus on GameFi, DeFi, and NFTs

Vietnam's blockchain projects are diverse, covering sectors like GameFi, DeFi, NFTs, Web3, Infrastructure, and Crypto Wallets. Notably, games and metaverse initiatives represent 28.8% of these projects. DeFi projects, including prominent names like Kyber Network, account for 26%. NFT-related ventures, such as Axie Infinity and DareNFT, make up 12.4%, while infrastructure projects like TomoChain contribute 11.3%. Web3 projects also hold a significant 5.1% share.

Global Impact and Market Leadership

Vietnamese entrepreneurs have established a strong presence on the global stage, with seven of the top 200 blockchain companies founded by Vietnamese individuals. These influential companies command a substantial global market share, with more than ten boasting a token market capitalization exceeding 100 million USD. Notably, three of these companies have reached a combined market capitalization of over 1 billion USD in the past.

Gaming Prowess in Southeast Asia

The Vietnamese gaming industry is thriving, with locals spending an average of 3.9 hours daily on games, outpacing the US by 10%. Vietnam also shines in the gaming sector, securing five spots among the top ten largest game publishers in Southeast Asia, Australia, and New Zealand. Leading companies such as Amanotes, OneSoft, GameJam, VNG, and Arrasol contribute to this success.

Vietnam's crypto market continues to grow, positioning the country as a significant player in both regional and global arenas. With a focus on innovation and entrepreneurship, Vietnam's crypto and gaming sectors are set for continued expansion.