Large Institutional, DeFi Activities Dominate India Crypto: Chainalysis — CoinDesk

“We’re seeing huge growth [in India’s DeFi ecosystem], with many developers moving into the space after having worked at traditional tech unicorns,” Krishna Sriram, managing director at blockchain security firm Quantstamp, said to Chainalysis in the report, titled “Central & Southern Asia and Oceania Have High Grassroots Adoption But Reasons Vary Greatly Across Countries.”