The Sweep · Week 45 · 2–8 November 2026
Sent 9 November 2026
$184,227,345 · moved through the venues we track
$184,227,345 moved through the venues we track, down 1.5%. The deposit book itself moved $208,444. Luno, Onboard and Breet each had their best week on record.
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$11,220 · traded in the week
$11,220 traded, down 27.6%, with net flow of −$1,494 — the first negative week in the series. 58.7% of it sits in pooled books with no holder count.
$11,502,470 · native stablecoin spot volume
$11,502,470 matched, up 292% on the week and past the old high of $9,712,864. One desk quoted 97.5% of it, almost all on a single market.
Textile settled a record $46.6M of onchain FX in October, 2.4x September. $27.1M of it, 58%, was African volume: USDT/cNGN, almost all on BNB Chain, at an average of $10,433 a fill.
Read the note →Raenest settled a record $12.3M of virtual-account volume through Bridge in October, and took a record $1.36M in stablecoin deposits across 6 chains. The two are different flows, measured separately.
Read the note →Spenda's retail stablecoin volume fell 0.2% to $11.98M in October, ending 17 straight months of growth. Active wallets fell 5.7%, but each one moved 6% more on average.
Read the note →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.
Read the note →In-app trading of tokenized assets reached a record $121.0K in October, up 57.5% and 35x July. Ondo-issued US stocks were $90.6K of it, and NectarFi carried 68%.
Read the note →cNGN supply rose from ₦2.44bn at the end of July to ₦4.96bn on 5 November. BNB Chain added ₦1.74bn of the ₦2.52bn, and October closed at a record month-end supply.
Read the note →$184,227,345 moved through the venues AfriFlux tracks, down 1.5%. The deposit book itself moved $208,444. Native stablecoin spot volume hit an all-time high of $11,502,470, and one desk matched 97.5% of it.
Read the note →— The AfriFlux team
The flow is the full stablecoin volume attributed to every live venue, plus the declared business book of venues that publish one, plus confirmed settlement into a venue's own sinks where that venue's retail and business books are separable. Venues publishing per-client deposit boxes contribute their published customer deposits only; boxes above $1M are a desk carve-out, excluded and disclosed in 1.5. The retail band is a size band, not a business detector.
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