TechFlame news, according to blockchain analytics firm Chainalysis's seventh annual Geographies report, over the 12 months ending June 30, 2026, the global scale of crypto economic activity contracted by just 1.6%, falling from $9.5 trillion to $9.4 trillion. Over the same period, the total crypto market capitalization dropped by about 50%, shedding $2.1 trillion — the worst crypto bear market since 2022. The report said the decline in economic activity was far smaller than the drop in market capitalization. Capital flows showed divergence. Funds flowing into exchanges, DeFi protocols, and other crypto services fell 4.3% to $8.9 trillion; domestic P2P transfers surged 302.9% to $228.7 billion; cross-border stablecoin flows grew 77.5%, rising from $124.2 billion to $220.3 billion. Chainalysis said its cross-border figures are conservative because they exclude transfers where the sending and receiving countries cannot be confirmed, and noted that this growth came from payments averaging about $3,000, far from institutional scale and more consistent with everyday use cases such as individuals paying suppliers, sending cross-border remittances, or moving savings. Stablecoins held value better than other crypto assets during the market decline, with global on-chain balances falling from $860 billion in September 2025 to $440 billion in June 2026, while stablecoin balances remained between $98 billion and $109 billion during that period.