Quidax just set a deposit record
Quidax posted its largest deposit week on record — $4.9M, 23% above a prior peak set just 28 days earlier. The gain came from existing users spending more, not from new sign-ups.
- $4.9M
- Record deposit week
- +23%
- Over the prior peak
- +27%
- Volume per wallet
- +4.2%
- Active wallets
largest in 262 weeks
beat $4.0M · 28 days earlier
users spending more
not a sign-up spike
Its biggest deposit week in 262 weeks — and the record it beat was 28 days old.
The gain came from existing users, not new ones. Active wallets rose 4.2% while volume per wallet rose 27%. People spending more, not more people.
That distinction matters. A deposit record driven by wallet growth is an acquisition story — it says the venue reached new users that week. A record driven by volume per wallet is a behaviour story: the same people moved more money. Quidax's record is the second kind, and the second kind is the harder one to manufacture.
By weekly growth it ranked 4th of the 14 venues we track, against a peer median of +15.4%. So a strong week, but part of a broadly rising tide — not a Quidax-only spike.
Method
Retail stablecoin deposit volume attributed to verified Quidax deposit addresses and aggregated by ISO week for the week of 20 July 2026. Deposit-side only — excludes withdrawals, transfers between Quidax-controlled addresses, and all off-chain naira activity. The 262-week record window and the peer comparison (14 venues, median +15.4% week-on-week) are measured on the same basis.
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AfriFlux (2026). Quidax just set a deposit record. Published 28 July 2026. https://www.afriflux.xyz/feed/quidax-record-deposit-week
Reproducing a chart? Use this line: Source: AfriFlux — on-chain intelligence for Africa's stablecoin economy. afriflux.xyz