Nigerian WEB3 Startups Raised $43 Million In 2025, More Than Double The $20 Million Recorded The Previous Year, According To The Hashed Emergent Nigeria WEB3 Landscape Report 2025.

The finance sector dominated, accounting for 89% of total funding at $38 million — a fivefold increase driven largely by stablecoin payments, cross-border transfers, and fiat-to-crypto infrastructure companies.

Nigeria recorded the highest 24-hour peer-to-peer stablecoin transaction volume on centralised exchanges globally, reaching $48.2 million in 2025. Stablecoin deposits in the country have climbed 9,000% between 2018 and 2025, reflecting a growing reliance on digital dollars as a hedge against naira volatility and as a lower-cost channel for remittances.

The country now accounts for 4% of global Web3 developers, the highest share on the African continent, with the local ecosystem expanding 36% year-on-year. On the regulatory front, Nigeria's Securities and Exchange Commission formally recognised digital assets as securities under the Investment and Securities Act 2025, accompanied by a new tax framework for the sector.