Brazil Tops the 2026 Global Crypto Adoption Index by Chainalysis

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Chainalysis released the 2026 Global Crypto Adoption Index on September 23, 2026, ranking 117 countries. Brazil ranked first with a crypto market size of $252.5 billion, leading in all four categories. The U.S. led in inflows and balances but ranked 20th in P2P activity. Nigeria topped P2P and cross-border flows. The crypto market cap declined by 50% over 12 months, but the Fear & Greed Index remained stable as the global economy contracted by just 1.6%. Inflows to exchanges and DeFi services decreased by 4.3%, while domestic P2P transfers increased by 302.9%. Cross-border stablecoin transfers grew by 77.5%, averaging $3,000 per transaction.

ME News reports that on September 23 (UTC+8), Chainalysis released the 2026 Global Crypto Adoption Index, which employs a new methodology to rank 117 countries across four dimensions: inflows to services, domestic peer-to-peer activity, cross-border flows, and on-chain balances. Brazil ranked first globally, with a crypto economy size of $252.5 billion; although it did not rank first in any single category, all four metrics placed within the global top four. The top ten countries are Brazil, the United States, Nigeria, Japan, South Korea, India, Ukraine, Thailand, South Africa, and Canada. The United States ranked first globally in total inflows and on-chain balances, but its domestic peer-to-peer activity and cross-border flows ranked only 20th and 11th, respectively. Nigeria ranked first globally in both domestic peer-to-peer activity and cross-border flows. The report shows that over the 12 months ending June 30, 2026, the total market capitalization of cryptocurrencies declined by approximately 50%, or $2.1 trillion, yet the global crypto economy shrank by only 1.6%, from $9.5 trillion to $9.4 trillion. Inflows to crypto services such as exchanges and DeFi decreased by 4.3% to $8.9 trillion, while the value of domestic peer-to-peer transfers between wallets increased by 302.9% to $228.7 billion, with 96% consisting of stablecoins. The value of cross-border stablecoin transfers rose by 77.5% to $220.3 billion, with an average transaction size of approximately $3,000. Retail-sized transfers grew the fastest: transactions under $100 increased by 78.4%, and those between $100 and $1,000 rose by 58.6%. Global on-chain holdings fell from a peak of $860 billion in September 2025 to $440 billion, while stablecoin balances remained between $98 billion and $109 billion, accounting for 22.5% of total on-chain value. (Source: Foresight News)

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