Chainalysis: P2P activity drives crypto adoption in Africa

According to the 2026 Global Crypto Adoption Index by Chainalysis, global crypto economic activity remained resilient despite a 50% market cap contraction, falling only 1.6% to $9.4 trillion. Stablecoins were a primary driver, with cross-border transfers rising 77.5%. Sub-Saharan Africa saw the fastest adoption growth, largely fueled by P2P activity, with Nigeria ranking first globally in domestic P2P and cross-border flows.