Chainalysis Report: On-Chain Economic Activity Remains Resilient Despite Market Downturn

A Chainalysis report covering July 2025 to June 2026 reveals that while total crypto market capitalization dropped by $2.1 trillion, on-chain economic activity fell by only 1.6% to $9.4 trillion. Domestic peer-to-peer transfers surged by 302.9% to $228.7 billion, and cross-border stablecoin flows rose by 77.5% to $220.3 billion. Stablecoins now account for nearly 25% of on-chain stored value, up from 11% in September 2025. India leads in global adoption, with Brazil ranking fifth.