The Sweep · Week 43 · 19 Oct – 26 Oct
Sent 26 October 2026
$176.23M · total stablecoin volume, week of Oct 19 – 25
Total volume rose 9.1% to $176.23M. Obiex added more than the whole market gained, so without it the week fell 2.5% — and deposits dropped 9.2% to the thinnest week since early September.
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$200.60M · stablecoin deposits, lifetime
Monica, a crypto-to-naira offramp, has crossed $200M in customer stablecoin deposits — $200.60M across 1.33M deposits and 72,444 wallets, measured onchain. The second $100M took six months; the first took 25.
$28.31M · stablecoin deposits, lifetime
Daya Pro, a Nigerian exchange launched in February, crossed $25M in stablecoin deposits in September — now $28.31M across 7 chains. A big-ticket venue: avg deposit $3,182, and ₦589.7M of cNGN too.
Read the note →1,000,000 · virtual-account settlements
The virtual-account rail AfriFlux tracks crossed 1,000,000 settlements on 19 Oct — $376M of stablecoin paid into the USD accounts of 5 Nigerian neobanks, Bridge-attributed. 2026 alone has already passed all of 2025.
Read the note →$20.87M · cNGN transfer volume, week of Oct 19 – 25
cNGN moved $20.87M in the week to 25 October, its highest transfer volume on record. Transfer count was only the fifth-highest. The gap is the whole story: BSC moves a thousand large tickets, Base moves seventeen thousand small ones.
Read the note →— The AfriFlux team
Total attributed stablecoin volume across the 26 venues published as live, for the ISO week of 19–25 October 2026: each venue's observed flow, plus business books at venues that publish one separately, plus confirmed settlement into a venue's own sinks at venues whose books separate cleanly. At the two venues tagged customer_capped (Luno, VALR) the published figure is the per-client boxes under $1M lifetime only; boxes above that line are large enough to be a desk or market maker rather than a retail customer, so they are excluded here and disclosed separately — $249,462,661 in this week alone. Deposit-side only, so a rise in volume is a rise in money arriving, not in money held. Averages are the retail book over retail deposits, the same basis on both sides. The prior week restates from the $161,387,109 we published to $161,490,903 (+0.06%) and its deposit count from 201,474 to 202,771 (+0.6%), both ordinary attribution drift; percentage changes here are measured against the restated figures. Venues in mapping or terminal review are excluded.
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