Textile crossed $50M in cNGN settled — the last $40M took 50 days
Textile has settled $50.05M of cNGN. The first $10M took 100 days; the next $40M took 50, and October alone carried $27.1M, more than June to September combined.
- 50 days
- From $10M to $50M
- $27.15M
- October 2026
- $10,407
- Average fill since $20M
- 91.8%
- Settles on BNB Chain
100 days for the first $10M
June to September combined: $17.61M
2,760 fills since Oct 7
$45.97M of $50.05M; Celo $3.57M
Four weeks ago we marked Textile's second $10M of cNGN, which had taken 22 days against 100 for the first (the $20M note). It has since added three more: $30M on 16 October, $40M on 22 October and $50M on 4 November.
October did most of it
Textile settled $27.15M of cNGN in October, more than its first four months put together ($17.61M from June to September). The fastest stretch was $30M to $40M in six days. The last $10M took 13, and the crossing came on 4 November, when $2.50M settled in a single day, its third-largest cNGN day so far.
Fewer, bigger trades
The rail is carrying more money on fewer fills. The first $20M took 14,693 fills; the $28.72M since has taken 2,760, an average of $10,407 per fill against $1,452 before. That is the same shift the $20M note picked up, and it has continued: this reads like desks and treasuries sizing up, not more small users.
Where it settles
Almost all of it is USDT against cNGN (99.8%), and 91.8% settles on BNB Chain. Celo carries $3.57M. Ethereum is new: its first cNGN fills landed on 2 November, $416K across five fills. Base, where cNGN DEX trading is busiest, carries only $90K of Textile's cNGN flow.
What this is not
This is Textile's settlement notional, not the cNGN market. Textile is infrastructure, so this volume is reported on its own and never added to venue totals.
Method
Notional value of filled orders on cNGN pairs settled through Textile, read from its settlement contracts on BNB Chain, Celo, Ethereum and Base, from the first cNGN fill on 7 June 2026 to 4 November 2026. This is settlement notional — not fees, not revenue, and not the size of the cNGN market — and it is never added to the AfriFlux venue market index, because a single trade can cross this rail and also appear as a venue's deposit.
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Free to cite with attribution. No embargo, no approval needed.
AfriFlux (2026). Textile crossed $50M in cNGN settled — the last $40M took 50 days. Published 5 November 2026. https://www.afriflux.xyz/feed/textile-cngn-50m
Reproducing a chart? Use this line: Source: AfriFlux — on-chain intelligence for Africa's stablecoin economy. afriflux.xyz