Chainalysis Says Crypto Activity Barely Fell Despite $2.1T Market Rout

TL;DR Chainalysis says measured global crypto economic activity declined just 1.6% during the 12 months ended June 30, 2026. That happened while the wider crypto market lost roughly $2.1 trillion in capitalization. Domestic peer-to-peer and cross-border stablecoin activity both grew sharply during the period. Crypto prices took a beating over the past year, but the underlying economy did not shrink anything like as quickly. That is the central finding from Chainalysis’ 2026 Global Crypto Adoptio