Chainalysis: Iran's Bitcoin activity hits $7.78B in 2025 amid unrest

Chainalysis reports Iran's crypto ecosystem reaching $7.78 billion by 2025 as inflation, protests and internet shutdowns drive adoption. On-chain volumes increased and funds moved to self-custody, with withdrawal growth across several brackets. The report also notes IRGC-linked wallets received over $3 billion in 2025, highlighting dual use by citizens and the state.