Chainalysis reports that South Korea led the East Asian crypto economy with approximately $449.1 billion in crypto activity between July 2025 and June 2026. Japan ranked second with $228.3 billion, followed by Hong Kong ($192.2 billion), mainland China ($176.3 billion), and Taiwan ($140.4 billion). South Korea's growth was primarily driven by retail trading, with AI-related tokens becoming the most popular thematic category in the market. In Hong Kong, institutional platforms accounted for 16% of crypto service inflows, significantly higher than other markets in the region.