Since the start of the Russian-Ukrainian conflict, Ukraine has received more than $70 million in cryptocurrency donations, according to a report by blockchain data platform Chainalysis. The funds, which have come mainly in the form of Ether and Bitcointhey have provided the nation with much-needed resources for military equipment and humanitarian relief efforts.

The conflict between Ukraine and Russia began in 2014, when Russia annexed Crimea to Ukraine. Since then, the conflict has escalated, with clashes in the eastern regions of Ukraine killing more than 13,000 people. The conflict has also displaced millions of people and caused extensive damage to infrastructure.

Despite the challenges, the people of Ukraine have received support from the international community, including through cryptocurrency donations. The Chainalysis report found that donors have contributed to Ukraine’s efforts in a variety of ways, with most of the funds going toward military equipment and humanitarian aid. The report also noted that donors have contributed through non-fungible tokens, such as UkraineDAO’s auction of a Ukrainian-flagged NFT that sold for $6.1 million.

The use of cryptocurrencies in conflict zones has become increasingly common, as it provides a means to circumvent traditional financial systems and allows for anonymity. In some cases, it has been used to finance illegal activities, such as terrorism or money laundering. However, in the case of Ukraine, cryptocurrency donations have been used for legitimate purposes and have had a significant impact on the country’s ability to support its people during a time of crisis.

While the conflict in Ukraine continues, cryptocurrency donations provide a glimmer of hope for the people of the country. As the use of cryptocurrency continues to grow, it may play an increasingly important role in humanitarian efforts and conflict resolution around the world.