Bybit, in partnership with DL Research, today released the "2025 World Crypto Rankings Report." Based on 28 indicators and 92 data points, the report comprehensively assesses cryptocurrency adoption in 79 countries and regions worldwide. Singapore, with its world-leading regulatory clarity, over 11% resident cryptocurrency ownership rate, and strong institutional maturity, surpassed the United States to rank first globally. The United States ranked second, with Lithuania, Switzerland, and the United Arab Emirates ranking third to fifth respectively. The Asia-Pacific region performed particularly well, with Vietnam ranking ninth, Hong Kong tenth, and Australia, the Philippines, and South Korea also successfully entering the global top 20. The report also reveals three major trends in digital asset application: - Tokenization of physical assets: RWA's on-chain value surged 63% to $25.7 billion in 2025. - The rise of local stablecoins: Countries are exploring local currency stablecoins. - On-chain compensation normalization: Crypto-paid compensation acceptance surged from 3% to 9.6%, with stablecoins accounting for over 90%.