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MilestoneSeptember 2021 – 10 November 2026

Obiex's business book crosses $10bn

Obiex's business book crossed $10bn on 10 Nov: deposits above the retail size band, measured on chain. 2026 is $4.74bn so far, already 1.8x all of 2025, after seven record quarters in a row.

$10.02bn
Business book, lifetime

crossed $10bn on 10 Nov

$4.74bn
2026 so far

1.8x all of 2025 ($2.64bn)

$1.77bn
Q3 2026

seventh record quarter in a row

64%
On Tron

$6.39bn of the $10.02bn

Obiex is the largest venue AfriFlux tracks, and its deposits split cleanly by size: a retail band, and a business book of deposits far above it. The two sum to Obiex's total flow without overlapping. On 10 November the business book passed $10bn, at $10.02bn across 1,015 business deposit addresses since September 2021.

Obiex business book by quarter from Q1 2024 to Q3 2026, rising from $156M to a record $1.77bn in Q3 2026, the seventh record quarter in a row; Q3 2025 was $730.8M.

Seven record quarters in a row

The business book spent 2022 to 2024 between roughly $150M and $300M a quarter. Then it broke out: every quarter since Q1 2025 has been a record, from $394M to $1.46bn in Q2 2026 and $1.77bn in Q3 2026, up 21% on the quarter and 2.4x Q3 2025. Q4 is already at $619M with seven weeks still to run.

2026 passed all of 2025 in July

The year overtook the whole of 2025 on 16 July. It is now $4.74bn, 1.8x 2025's $2.64bn and 2.3x the $2.09bn the book had reached by this date last year. Nearly half of everything the business book has ever moved, 47%, came in 2026.

Obiex business book by year: $67.4M in 2021, $728.3M in 2022, $1.02bn in 2023, $823.1M in 2024, $2.64bn in 2025 and $4.74bn in 2026 to 10 November.

Tron carries the book

$6.39bn of the $10.02bn, 64%, arrived on Tron. Ethereum follows at $2.10bn and BNB Chain at $1.47bn; together those three are 99.3% of the book. Solana, Arbitrum, Polygon, Base and Avalanche, all added from 2024, carry $66M between them. Tron also led 2026, with $2.93bn of this year's $4.74bn.

Obiex lifetime business deposits by chain: Tron $6.39bn, Ethereum $2.10bn, BNB Chain $1.47bn, Solana $29.7M, Arbitrum $17.0M and Polygon, Base and Avalanche $19.4M together; Tron is 64%.

What this figure is

The business book is Obiex's deposits above the retail size band: the flows too large to be individual customers, measured separately from retail and never double-counted with it. Master-to-master settlement from other named venues would also count here; for Obiex it is under $40,000 and does not move the total. Retail, Obiex's personal-customer book, is reported separately on the venue page at $1.87bn.

Method

Obiex is a separable venue: its deposits split by size into a retail band and a business book that sum to total flow without overlap. This is the business book, deposits above the retail size band into Obiex deposit addresses on 8 chains, Sep 2021 to 10 Nov 2026, USD at transfer; excludes retail, withdrawals and off-chain activity.

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AfriFlux (2026). Obiex's business book crosses $10bn. Published 11 November 2026. https://www.afriflux.xyz/feed/obiex-business-book-crosses-10bn

Reproducing a chart? Use this line: Source: AfriFlux — on-chain intelligence for Africa's stablecoin economy. afriflux.xyz

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