AfriFlux compares African stablecoin venues using independent wallet-level data, so you can see who is growing, where users are moving, and what headline numbers leave out.
19 live venues · 609,113 wallets · updated daily · independently measured
Retail volume · lifetime
$909.47M
▲ 31.20% QoQ
Active wallets · distinct
609,113
▲ 21.50% QoQ
Largest category
Offramps
49.60% of volume
Fastest growing
Prediction Markets
▲ 52.50% QoQ
The problem
A fund sees pitch decks. A venue sees its own dashboards. Neither shows how every competitor is moving. AfriFlux measures the market from the outside, wallet by wallet, so investment, expansion, partnership, and product decisions begin with the same independent view.
A fund
Pitch decks
Inside view
A venue
Its own dashboards
Inside view
AfriFlux
The whole market, wallet by wallet
Outside view
What the data changed
Our proof is the work itself: published examples of AfriFlux data changing what an investor, operator, or issuer would conclude.
Issuer intelligence
Raw transfer volume told the wrong story about cNGN. After separating treasury movement, internal rotation, and automated infrastructure, only 1.5% remained as organic economic activity.
Read the cNGN investigationCategory dominance
Azza just crossed $5.01M in validated customer deposits, which places it only eighth of fourteen venues by volume. But in cNGN it dominates: 68% of every cNGN deposit across our coverage, against Busha's 28%. Size and dominance aren't the same thing.
Read the Azza researchVerified on-chain
Grey runs its Personal and Business products on shared on-chain rails, a combined footprint of $60.29M across 39,403 addresses in four months, the strongest momentum of any African neobank we track. The chain also showed what a press number wouldn't: $3.1M in customer deposits sitting uncollected on Tron since a June provisioning halt.
Read the Grey Finance researchCustomers
As an Africa-focused company, Spenda chose to work with AfriFlux to gain deeper stablecoin market intelligence that will support our growth and expansion across the continent in the coming quarters.
Independence. Some of the companies we work with are venues we measure. Coverage and commercial relationships are kept separate: every venue's volumes, wallets and standing are computed from on-chain data on the same published method, and nothing a venue pays for changes what we publish about it.
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Category intelligence · Gradient · Stablecoin intelligence · Venues · Compare · Reports
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Full market snapshot, republished daily · Category scoreboards and venue leaders · Coverage register and published methodology · A copyable citation on every published view
Custom research
Scoped per project
Diligence and investigations that need work beyond the Terminal workspace.
Bespoke research on your question · Venue deep dives and due diligence · Reports prepared for your organization · The answer, with the method behind it
Data & API
Metered by usage
Engineering and research teams.
Developer portal and API keys · Programmatic access to the measured series · Bulk exports at your own grain · Coverage requests for the venues you care about
Method
Key figures open their source, method and measurement window. Partial quarters are flagged rather than smoothed, missing data is null rather than zero, and revisions are published rather than quietly applied — so the number can survive an investment committee, board meeting, or regulator’s review.
Every figure we publish, dated and permanent, with the method stated on it. Free to cite with attribution.
Azza has taken $5.23M in attributed customer deposits across 68,237 deposits — an average of $77 each. It has no app. The whole thing runs through WhatsApp, which makes it the clearest test we have of whether distribution beats product in African stablecoin off-ramps.
We found $80M of Busha history we had been missing
The retail band is now per-venue, and every number moved
Accrue, Daya Pro and Grey Finance are live — plus a coverage page
Weekly recap: $15.46M, a record almost nobody turned up for
The most deposits we have ever recorded in a week
Attributed, not estimated · RSS
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