According to Chainalysis’ 2026 Geographies report, global crypto activity totaled approximately $9.4 trillion during the 12-month period ending June 30, 2026. This represented a decline of just 1.6% from around $9.5 trillion in the previous period, while the total crypto market capitalization fell by $2.1 trillion, or 50%.
Despite the sharp decline in market value, some areas of crypto usage expanded significantly. Domestic P2P transfers between individuals increased by 302.9% to $228.7 billion, while cross-border stablecoin flows rose by 77.5% to $220.3 billion.
The average size of cross-border transactions was approximately $3,000, which Chainalysis said was consistent with everyday financial needs such as supplier payments, remittances and moving savings into another currency. Meanwhile, global on-chain balances declined from $860 billion in September 2025 to $440 billion in June 2026, while stablecoin balances remained relatively stable between $98 billion and $109 billion.
