Blockradar's onchain footprint is $1.40B, and only 3.7% of it runs through venues we track

$1.40B

Observable flow

money in plus money out, sweeps between attributed wallets excluded

88%

On three chains

Ethereum $510.6M, Solana $358.4M, Tron $357.2M

87.7%

Carried by ten master wallets

124 master wallets mapped; master wallets are not customers

3.7%

Through venues we track

master wallets we can tie to venues already in AfriFlux coverage

Blockradar is infrastructure, not an exchange. Other businesses run their own master wallets on it, issue dedicated deposit addresses to their users and sweep what lands. There's no single Blockradar wallet holding the business, so we mapped the behaviour instead: the gas-funding and approve-and-drain pattern on EVM chains, fixed TRX funding on Tron, and a recurring compute-budget signature on Solana sweeps.

What the $1.40B is made of

Three chains carry 88% of the flow. By asset it's USDC at $867.5M and USDT at $521.7M, with cNGN contributing $11.6M, the largest African stablecoin on the rail.

A steep second act

Monthly flow sat around $1–4M through 2024. It jumped from $45.4M to $126.5M in May 2026 and reached $247.8M in August; cumulative flow crossed $1 billion on 10 August. 54 of the 124 master wallets we mapped first appear in 2026. The ten largest carry 87.7% of the flow.

Outside the venue layer

Half of what leaves Blockradar-attributed wallets goes to customer treasuries, and another 42.4% to addresses we can't confidently label. Only 3.7% of the measured flow runs through master wallets we can tie to venues already in AfriFlux coverage.

This is infrastructure flow, so it overlaps venues we already count and is never added to market totals.

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