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.