The Korean won is the second largest in global cryptocurrency trading volume, and South Korea is becoming a "dream factory on the blockchain"🧨
In 2025, global cryptocurrency trading data shocked the market: the trading volume of the Korean won soared to $663 billion, second only to the $832 billion of the US dollar, strongly ranking as the second in the world.
South Korea is quietly transforming into a "blockchain casino" without regulatory ceilings.
This gamble is no longer just the frenzy of marginal retail investors, but a nationwide wealth migration involving everyone.
Data shows that one-third of the adult population in South Korea holds cryptocurrency, with participation even surpassing that of the domestic stock market.
This is no longer a game for a few; it is a society betting on another possible tomorrow.
Is this a firm belief in the future of blockchain?
Or is it a collective all-in by young people who have no other choice in an environment of high housing prices, intense competition, and low birth rates?
Don't forget, if back then "Dongdaemun" hadn't been cut off, OTC hadn't been completely cleared, and mining farms hadn't been uprooted, today's trading volume leader would probably still be us, Dongdaemun.
We are not unknowledgeable about speculation; rather, we were cut off from the right to place bets.
So today's South Korea is more like an "unregulated version of Dongdaemun" in a parallel universe.
You could say they are taking risks, or you could say they are just trying to exchange the crypto world for a path they can no longer see in reality.
In a social structure monopolized by chaebols, the elevator that young people can take has long stopped,
They choose to vote with their wallets, gambling on a future that may never materialize on the blockchain.
You might think this is a fantasy of universal wealth freedom,
It could also just be another rebranded "re-education movement for the chives."