Chainalysis Report Shows Resilient Crypto Activity Amid Market Downturn

A new report from Chainalysis shows that global on-chain crypto activity remained relatively resilient during the latest market downturn.

Between July 2025 and June 2026, crypto market capitalisation fell by around 50%, while on-chain economic activity declined only 1.6%, from $9.5 trillion to $9.4 trillion.

The report links this resilience to a growing diversity of crypto use cases, with transfers below $100 increasing by 78.4% and those between $100 and $1,000 rising 58.6%.

Domestic peer-to-peer activity also surged 302.9%, reaching $228.7 billion, while cross-border stablecoin transfers increased 77.5% to $220.3 billion.