Daya Pro crosses $25M in stablecoin deposits

$28.31M

Stablecoin deposits, lifetime

crossed $25M in September

$3,182

Average deposit

among the largest we track

16% → 51%

BSC share of flow, Q2→Q3

it migrated onto BSC

₦589.7M

cNGN customer deposits

#2 cNGN venue in October

Most of the venues we write about are either the giants — Obiex, Quidax — or the consumer offramps where millions of small deposits pile up. Daya Pro is neither. It is a Nigerian exchange that only started moving stablecoins onchain in February, and in eight months it has quietly become one of the more interesting venues in our coverage. At the end of September it crossed $25M in customer stablecoin deposits; it now sits at $28.31M across seven chains.

A fast, steady climb

Daya Pro booked effectively nothing in February, then grew almost every month: $1.6M in April, $3.4M in June, then $7.1M in August and $7.8M in September. Quarter on quarter, deposits went from $7.3M in Q2 to $17.2M in Q3 — up 2.4×. This isn't one viral month; it's a line that keeps climbing. October is tracking softer alongside the wider market, but the book has still grown to $28.31M.

Few wallets, big tickets

Here is what makes Daya Pro different. Its average deposit is $3,182 — against about $40 at an offramp like Spenda and a typical retail deposit closer to $19. And it does this from a very small base: a peak of roughly 138 active depositing wallets in a quarter, 8,898 deposits in all, 94% of it in USDT. This is not a mass-market consumer app. It is a small number of users moving large tickets — the profile of active traders and businesses, not first-time savers.

Dollars and naira on the same rails

The second thing worth noting is what it moves. Over Q2 and Q3, Daya Pro shifted its flow onto BNB Chain — from 16% to 51% of its deposits — the chain where Nigeria's naira stablecoin, cNGN, actually lives. And it followed the money: alongside its $28.31M in dollars, Daya Pro has taken ₦589.7M in cNGN customer deposits, which makes it the #2 venue for cNGN deposits so far in October (₦128.6M), behind only Azza. Few exchanges we track take meaningful naira-stablecoin flow at all; Daya Pro is becoming one of them.

What this is, and is not

This is the USDT, USDC and cNGN we can attribute to Daya Pro's deposit addresses, read directly onchain. An address is not a person, and deposit-side volume is not revenue or balances. We don't see withdrawals, internal ledgers, or anything settled off-chain at a bank. What the chain shows plainly is that a venue most people haven't heard of has moved from near-zero to $28M in eight months — on big tickets, from few wallets, increasingly in naira.