Spenda recorded the most deposits any venue has done in a week
Spenda processed 78,257 deposits in the week of 7 September, beating its own record of 77,968 from the week of 10 August. Its volume fell 2.6% in the same week. At $35 a deposit, it is the most retail-shaped book in our coverage and it is still getting wider.
- 78,257
- Deposits
- $35
- Average deposit
- 53.0%
- Of all deposits we measured
- −2.6%
- Volume
previous record 77,968
$33 in the previous record week
from 15.1% of the volume
$2,774,575
Spenda processed 78,257 deposits in the week of 7 to 13 September. That is the most deposits any venue in our coverage has recorded in a single week — beating Spenda's own previous record of 77,968, set in the week of 10 August.
It did it in a week its volume fell 2.6%, to $2,774,575.
The shape of the book
At $35 a deposit, Spenda is the most retail-shaped venue we track by a wide margin.
This week it accounted for 53.0% of every deposit we measured across 19 venues, on 15.1% of the volume. More than half the transactions in the market came through one venue, and they were small.
For contrast: Quidax did 11,773 deposits at $403 each. Daya Pro did 431 at $1,990.
Wider, not deeper
Spenda's two record weeks look alike:
| Deposits | Wallets | Volume | Average | |
|---|---|---|---|---|
| Week of 10 Aug | 77,968 | 27,930 | $2,586,829 | $33 |
| Week of 7 Sep | 78,257 | 27,189 | $2,774,575 | $35 |
About 28,000 wallets, each depositing nearly three times a week, in amounts that barely move. That is the pattern of people using a product for everyday conversion rather than trading — and it is the opposite of what drove the headline market in August, which grew on larger tickets from roughly the same population.
Spenda is the part of this market that grows by adding transactions, not dollars.
Method
Attributed retail stablecoin deposits for Spenda across the chains it operates on, for the ISO week of 7–13 September 2026, ranked against every complete week of every venue in AfriFlux coverage. Deposit-side only. Spenda is tagged retail_only, so the size band is not applied; every other verification filter still applies. Shares are of the 147,707 deposits and $18,339,619 of volume measured across all 19 venues in the same week.
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AfriFlux (2026). Spenda recorded the most deposits any venue has done in a week. Published 14 September 2026. https://www.afriflux.xyz/feed/spenda-deposit-record
Reproducing a chart? Use this line: Source: AfriFlux — on-chain intelligence for Africa's stablecoin economy. afriflux.xyz