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Crypto market cap halves but activity stays steady, Chainalysis says

Global cryptocurrency market capitalisation fell about 50 percent over a year, but the scale of real economic activity slipped only 1.6 percent, Chainalysis said. In its 2026 Global Crypto Adoption Index report, it found overall activity edging down to $9.4 trillion from $9.5 trillion between July 2025 and late June 2026. Domestic P2P transfers and stablecoin-based cross-border remittances surged, while inflows to exchanges, DeFi and other services declined.