A recent report from CoinDCX highlights a significant shift in the cryptocurrency landscape in India, showcasing how users are diversifying their portfolios beyond Bitcoin. As of 2025, Layer-1 tokens have surged to dominate investor holdings, claiming a remarkable 43.3% share. Meanwhile, Bitcoin maintains a substantial presence at 26.5%, with meme coins comprising 11.8% of the overall portfolio composition.
This diversification trend is particularly noteworthy as non-metro cities now represent 40% of the nation”s crypto user base. Among these, Lucknow stands out with an impressive trading volume of 4,000 crore rupees. The overall crypto trading volume in India exceeded 51,000 crore rupees in the current fiscal year, indicating robust growth within the sector.
The average number of tokens held by investors has escalated from 2-3 in 2022 to an impressive average of 5 tokens per investor, reflecting a growing trend towards research-driven and theme-based investing. This shift suggests that investors are increasingly looking at the potential of assets based on sector performance rather than mere price movements.
When examining the performance of Layer-1 networks, Ethereum has seen exceptional growth, particularly in major cities. Notably, trading volumes in Bengaluru surged 6.6 times, skyrocketing from 4 million to 26 million dollars, while Pune experienced a tenfold increase from 2.2 million to 20 million dollars. In Mumbai, the shift towards Ethereum has become evident, with the city reporting 22 million dollars in volume compared to 16 million for Bitcoin.
The demographic landscape of investors is also evolving, with the average age rising from 25 to 32 years, indicating a trend towards greater financial stability among participants. Additionally, female participation in cryptocurrency has doubled year-over-year, with Kolkata leading among metro cities. Women investors are diversifying their holdings across assets such as Bitcoin, Ethereum, and Solana, with cities like Bhubaneswar and Kochi showing significant engagement.
Emerging trading centers such as Bhopal, Chandigarh, Indore, Guwahati, and Ludhiana have also begun to establish themselves within the crypto market, contributing to a broader wave of growth in non-metro areas. The report underscores how the institutional landscape is evolving, with 55% of hedge funds now holding crypto, reflecting a transition from speculative interest to a more stable investment approach in the current market climate.
As the Indian crypto ecosystem continues to mature, the adoption of Layer-1 tokens and the diversification of portfolios signal a promising future for cryptocurrency investors across the country.
