The promise of crypto is incentive.
There are only two ways money enters a poor country — remittance and aid — sounds very crypto to me.
Financially literate regions like the EU, US often see crypto as an asset class and the ethos of blockchains (data sovereignty, sound money etc.) gets lost in translation as they reach the East. The notion of contributing to open source is still largely an unfamiliar concept here.
Betting against the Western bias is also interesting.
We look at India like a DAU farm and SE Asia as low LTV, but maybe we’re looking at crypto through this skeuomorphic bias from mobile. Maybe crypto doesn’t have DAU or MAU. Just buyers who are believers and consumers, who are now collectors.