EconomyCrypto’s bear market wiped out over $2 trillion, yet on-chain activity held above $9 trillion
Chainalysis estimates that global crypto economic activity fell just 1.6% to about $9.4 trillion in the 12 months through June 30, even as total market capitalization dropped roughly 50%. Stablecoin use expanded, driving domestic peer-to-peer and cross-border transfers while activity at exchanges and DeFi services declined.
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CryptoSlate★★☆☆☆2026-09-24 16:40Original
Crypto’s bear market wiped out over $2 trillion, yet on-chain activity held above $9 trillion
Economy