cNGN · Compliant NairaCompliant Naira
cNGN
Convexity (WrappedCBDC)Issued by Convexity (WrappedCBDC)🇳🇬Naira (NGN)Naira · NigeriaLaunched 2025-02#3 of 10 by supplySupply
$3.67M
4.95bn NGN
Holders
15,769
154 above dust · 31,864 ever
Transfer volume 30D
$77.93M
73,334 transfers
DEX volume 30D
$220.5k
1,729 swaps · TVL $233.8k
Peg · avg 30D
284 bps
latest -227 bps
Velocity 30D
21.2×
transfer volume ÷ supply
All time
Transfer volume
$305.62M
DEX volume
$12.20M
Minted
$32.48M
$28.92M burned · net $3.56M
Networks
8
Asset Chain, Base, BNB Chain, Celo, Ethereum, Lisk, Polygon, Solana
Issuer & reservesfrom the issuer's own published materialsfrom the issuer's own published materials
Convexity (WrappedCBDC)Convexity (WrappedCBDC)cNGN is a naira stablecoin issued by WrappedCBDC Limited, a private company, under the regulatory oversight of the SEC Nigeria. Registered merchants deposit naira on the cNGN platform and an equal amount of cNGN is minted 1:1 on the blockchain they choose. The issuer publishes monthly reserve attestation reports.
- Backing
- 1:1 naira-denominated reserves held at licensed Nigerian custodian banks
- Regulator
- Securities and Exchange Commission (SEC) Nigeria — regulatory oversight, per issuer
- Launched
- 2025-02
Networks & contractssupply per network today · issuance all-timesupply per network today · issuance all-time
| Network | Contract | Supply ↓ | Share ↓ | Holders | Minted | Burned | Minted · burned 30D | Since |
|---|---|---|---|---|---|---|---|---|
 BNB ChainBNB Chain | 0xa8AE…f058 | $1.71M 2.31bn NGN | 46.7% | 703 | $12.35M | $10.65M | $5.14M · $4.18M | 2024-12-23 |
 BaseBase | 0x46C8…EF5F | $1.65M 2.22bn NGN | 44.9% | 14,285 | $15.75M | $14.16M | $1.34M · $1.38M | 2025-03-06 |
 CeloCelo | 0xF682…1a4f | $178.6k 240.67M NGN | 4.9% | 90 | $1.60M | $1.42M | $230.5k · $177.4k | 2026-08-05 |
 SolanaSolana | 3jiqwB…gkv8 | $75.5k 101.75M NGN | 2.1% | 200 | $75.9k | $0 | $0 · $0 | 2026-03-07 |
 Asset ChainAsset Chain | 0x7923…FC4F | $55.5k 74.83M NGN | 1.5% | 433 | $1.66M | $1.63M | $22.5k · $22.5k | 2025-01-13 |
 EthereumEthereum | 0x17CD…8dab | $0 3.52M NGN | 0.0% | 36 | $1.04M | $1.05M | $429.0k · $426.4k | 2025-01-12 |
 PolygonPolygon | 0x5282…4C3B | $0 18,390 NGN | 0.0% | 14 | $13 | $0 | $3 · $0 | 2025-01-12 |
 LiskLisk | 0xC7aB…87c0 | $0 5,023 NGN | 0.0% | 8 | $4 | $0 | $0 · $0 | 2026-03-07 |
| BABantuBantu | GD6G2N…YFRX | — | — | — | — | — | — | — |
cNGN over timeSupply by network · monthly · USDSupply by network · monthly · USD
BaseBaseBNB ChainBNB ChainAsset ChainAsset ChainCeloCeloSolanaSolanaEthereumEthereumPolygonPolygonLiskLiskDaily activityTransfer volume · last 36 days · all networksTransfer volume · last 36 days · all networks
total $88.09M
BNB ChainBNB ChainBaseBaseCeloCeloEthereumEthereumAsset ChainAsset ChainSolanaSolanaPolygonPolygonPeg monitorDEX price vs official FX · basis points · 30DDEX price vs official FX · basis points · 30D
Shaded band = within ±100 bps (1%) of the official rate
| Stablecoin | Latest | Avg |dev| ↑ | Worst | Days >1% |
|---|---|---|---|---|
| cNGNcNGN | -227 | 284 | +1443.5 | 30/30 |
What it's used forvalue through each kind of counterparty · monthlyvalue through each kind of counterparty · monthly
DEX trading · other networksExchanges & off-rampsTokenized assetsNeobanks
Lifetime only (no history yet): Settlement (Paycrest) $14.03M · Yield vaults $8.50M. See the Lifetime view.
Venues it moves throughvalue to and from each venue · monthlyvalue to and from each venue · monthly
AzzaBushaDaya ProQuidaxObiexNectarFiGetEquityGrowRoqquPaj CashSpendaPayrit
| # | Venue | Kind | Lifetime value ↓ | Share ↓ |
|---|---|---|---|---|
| 1 | Azza | Offramps | $1.30M | 50.4% |
| 2 | Busha | Exchanges | $578.2k | 22.5% |
| 3 | Daya Pro | Exchanges | $473.6k | 18.4% |
| 4 | Quidax | Exchanges | $109.9k | 4.3% |
| 5 | Obiex | Exchanges | $79.4k | 3.1% |
| 6 | NectarFi | Tokenized assets (paid in this coin) | $20.6k | 0.8% |
| 7 | GetEquity | Tokenized assets (paid in this coin) | $8.9k | 0.3% |
| 8 | Roqqu | Exchanges | $2.5k | 0.1% |
| 9 | Grow | Tokenized assets (paid in this coin) | $1.1k | 0.0% |
| 10 | Paj Cash | Offramps | $33 | 0.0% |
| 11 | Spenda | Offramps | $8 | 0.0% |
| 12 | Payrit | Neobanks | $7 | 0.0% |
Mint & burnminted by network · monthlyminted by network · monthly
BaseBaseBNB ChainBNB ChainCeloCeloAsset ChainAsset ChainEthereumEthereumSolanaSolanaPolygonPolygonLiskLisk| Issuer / signer | Network | Minted ↓ | Burned | Net | Events |
|---|---|---|---|---|---|
| WrappedCBDC | BaseBase | $15.42M | $4.92M | $10.49M | 357 |
| WrappedCBDC | BNB ChainBNB Chain | $12.28M | $3.95M | $8.33M | 266 |
| Unlabelled signer | Asset ChainAsset Chain | $1.66M | $1.63M | $23.9k | 170 |
| Unlabelled signer | CeloCelo | $1.60M | $1.42M | $176.2k | 71 |
| WrappedCBDC | EthereumEthereum | $616.0k | $450.6k | $165.4k | 27 |
| Unlabelled signer | EthereumEthereum | $429.0k | $426.4k | $2.5k | 42 |
| Flagged, unattributed | BaseBase | $240.3k | $8.70M | −$8.46M | 82 |
| Unlabelled signer | SolanaSolana | $75.9k | $0 | $75.9k | 19 |
| Busha | BNB ChainBNB Chain | $43.7k | $0 | $43.7k | 4 |
| Busha | BaseBase | $42.5k | $0 | $42.5k | 2 |
| Unlabelled signer | BNB ChainBNB Chain | $0 | $6.70M | −$6.70M | 136 |
| Unlabelled signer | BaseBase | $0 | $535.2k | −$535.2k | 152 |
| Flagged, unattributed | EthereumEthereum | $0 | $171.0k | −$171.0k | 6 |
Holdersall networksall networks
Holders
15,769
154 above dust
Held
$3.67M
across networks
Top 10 hold
79%
$2.89M of $3.67M
Whales
6
hold 70% of value
Balance bands · addresses vs value
Whale6 addresses · 0.0%$2.56M · 69.7% of value
Large24 addresses · 0.2%$883.7k · 24.0% of value
Mid48 addresses · 0.3%$192.6k · 5.2% of value
Small76 addresses · 0.5%$26.4k · 0.7% of value
Dust15,615 addresses · 99.0%$12.4k · 0.3% of value
Addresses that ever held · all networks
Ever held
Largest holders
Transfer sizes30D · count vs value30D · count vs value
micro$0–1067.4% of transfers0.1% of value · $84.6k
small$10–10020.3% of transfers0.7% of value · $560.0k
mid$100–1,0008.6% of transfers2.3% of value · $1.73M
large$1,000–10,0002.3% of transfers6.8% of value · $5.09M
whale$10,000–100,0001.0% of transfers38.4% of value · $28.75M
mega$100,000+0.4% of transfers51.6% of value · $38.68M
Retention by cohortshare of each month's new addresses active again latershare of each month's new addresses active again later
| Cohort | Size | M0 | M1 | M2 | M3 | M4 | M5 | M6 | M7 | M8 | M9 | M10 | M11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12 | 948 | 100 | 15 | 8 | 7 | 8 | 5 | 4 | 5 | 4 | 4 | 4 | 1 |
| 2026-01 | 513 | 100 | 19 | 12 | 13 | 10 | 6 | 6 | 4 | 4 | 5 | 4 | |
| 2026-02 | 727 | 100 | 19 | 11 | 8 | 6 | 6 | 5 | 4 | 4 | 2 | ||
| 2026-03 | 505 | 100 | 25 | 19 | 12 | 13 | 9 | 9 | 8 | 4 | |||
| 2026-04 | 759 | 100 | 23 | 13 | 11 | 10 | 9 | 9 | 3 | ||||
| 2026-05 | 1,356 | 100 | 36 | 20 | 20 | 18 | 16 | 7 | |||||
| 2026-06 | 1,304 | 100 | 29 | 26 | 20 | 17 | 8 | ||||||
| 2026-07 | 3,196 | 100 | 35 | 22 | 17 | 6 | |||||||
| 2026-08 | 4,780 | 100 | 31 | 19 | 6 | ||||||||
| 2026-09 | 8,855 | 100 | 13 | 4 | |||||||||
| 2026-10 | 7,461 | 100 | 7 | ||||||||||
| 2026-11 | 1,062 | 100 |
DEX tradingvolume by exchange · monthlyvolume by exchange · monthly
UnlabelledUniswapAerodromePancakeswapDflowTitanJupiterOkx_dex_routerOrca
Last 36 days, daily, by network
BaseBNB ChainAsset ChainSolana
| Exchange | Network | Lifetime ↓ | Swaps | Share ↓ | Active |
|---|---|---|---|---|---|
| Unlabelled | Asset Chain | $8.27M | 230,168 | 68.0% | 2025-06-18 → 2026-11-07 |
| Aerodrome | Base | $1.45M | 4,626 | 11.9% | 2025-03-22 → 2026-11-07 |
| Uniswap | BNB Chain | $955.2k | 4,770 | 7.9% | 2026-03-04 → 2026-11-06 |
| Uniswap | Base | $884.9k | 3,834 | 7.3% | 2025-03-11 → 2026-11-07 |
| Pancakeswap | BNB Chain | $603.3k | 5,239 | 5.0% | 2025-02-16 → 2026-09-30 |
DEX & liquiditytwo-sided pool TVL · stablecoin-to-stablecoin pairstwo-sided pool TVL · stablecoin-to-stablecoin pairs
| Pair | DEX | Network | Swaps ↓ | Traders |
|---|---|---|---|---|
| ZARP ↔ cNGN | Aerodrome | Base | 2,989 | 1,023 |
Large transferslargest 20 on 2026-11-07largest 20 on 2026-11-07
Supply is minted minus burned per network, valued at that day's official FX rate. Transfer volume excludes mints and burns. DEX volume counts swaps in tracked pools; TVL counts both sides of each pool. Peg compares the volume-weighted DEX price with the official rate. Holders are addresses with a balance; dust is a balance under $1. Retention counts addresses active again in later months.