•Records $48.2m daily stablecoin volume
•Developers account for 4% of global talent
This is according to the latest industry report from a venture capital firm focused on accelerating Web3 adoption by funding, mentoring and supporting blockchain startups across Africa and other emerging markets, Hashed Emergent.
The Nigeria Web3 Landscape Report 2025, released by Hashed Emergent, also showed that Nigeria now leads globally in daily stablecoin peer-to-peer, P2P, transaction volume, hitting $48.2 million on centralised exchanges.
The report described Nigeria’s Web3 space as a maturing ecosystem moving from early-stage experimentation into consolidation, driven by stronger investment inflows, rising developer activity and expanding real-world applications.
According to the report, “Nigeria contributes four percent of global Web3 developers, the highest in Africa, with the talent pool growing by 36 per cent year-on-year in 2025.”
Speaking on the findings, CEO and Managing Partner at Hashed Emergent, Tak Lee, said Nigeria is now a key force in the global Web3 economy.
“Nigeria’s momentum in Web3 has evolved beyond early adoption into a mature, utility-driven ecosystem, positioning the country as a key force in shaping both local and global Web3 economy.
“With strong fundamentals across talent, stablecoin usage and real-world applications, Nigeria is not only leading Africa’s Web3 growth but is increasingly defining how the continent participates in the global Web3 economy.”
The report noted that investment activity rebounded in 2025 after a slowdown in 2024, with funding more than doubling to $43 million.
It stated that “capital was increasingly concentrated in high-impact sectors, with early signs of renewed Series A-stage funding.”
According to the report, “the finance sector dominated investment, accounting for 89 per cent of total funding at $38 million,” driven largely by stablecoin-focused startups building solutions for payments, cross-border transfers and fiat-to-crypto services.
Nigeria also strengthened its position as a global stablecoin hub, with deposits rising by over 9,000 per cent between 2018 and 2025.
“In 2025 alone, the country recorded the highest 24-hour P2P stablecoin transaction volume globally at $48.2 million,” the report stated.
It added that digital assets are increasingly being used for practical purposes such as inflation hedging and remittances rather than speculation.
