If you take a quick look through “Naija twitter”, you are sure to find a couple of users with the .eth tag added to their usernames. This growing clique of Twitter users gives you an anecdotal sense of the number of people with considerable interest in ETH, Ethereum’s native currency.
But you see, it is not just ETH; Nigerians have a soft spot for all things crypto. In August 2021, Binance, the largest cryptocurrency exchange by trading volumes, published a report that identified Nigeria as the leading country for cryptocurrency adoption. According to the report, 32% of Nigerians surveyed had owned or used crypto at some point; this was almost 1,000 basis points higher than the following country—Vietnam. Another recent publication by Finder.com, which surveys individuals in 26 countries to understand cryptocurrency adoption, found that approximately 27% of Nigerians hold crypto. The second country globally after India.