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Editor’s Picks · The State of Nigeria’s Onchain Money — Q3 2026

Flutterwave received $405 million in stablecoin deposits, with 95.6% arriving as USDC on Ethereum.

AfriFlux, which tracks Nigerian exchanges, offramps, neobanks and payment companies, reported that business-class accounts moved $2.26 billion in stablecoins between July and September 2026.

Quoting Afriflux on-chain data, in the first 22 hours, 103 buyers subscribed ₦9.07 million, about $6,800, and of the 69 wallets that bought through NectarFi, 53 were created less than 48 hours before their first purchase.

That figure has now crossed 9.66 million, according to AfriFlux, an on-chain intelligence platform, since the stablecoin launched in April.

According to AfriFlux, HyperFX settled $3.83 million across 1,309 orders between June 1 and September 19, with 1,058 orders filled.

According to tallies by Afriflux, the on-chain subscription amount stood at 9.25 million naira as of 2:30 p.m. on Sept. 15.

Buyers now hold 17,618 shares roughly 2.3% of the 761,905 tokens minted so far, according to Afriflux's live dashboard.

Afriflux data shows that 69 of 103 onchain buyers, or 80%, subscribed through NectarFi on Solana.

HyperFX is now being tracked on the AfriFlux analytics platform, which monitors stablecoin infrastructure and liquidity across Africa’s on-chain economy.

Chart: Oluwaseun Adeyanju, Mariblock · Source: Afriflux