The State of Onchain Finance Q2 2026
The State of Onchain Finance Q2 2026 Of $19.9t in reported monthly stablecoin volume, only 4% reflects real economic activity Of this: 67% is trading, 16% is actual payments, and 13% is store of value. Critically, 52% of geo-attributable volume lands in Asia-Pacific and emerging markets (South Korea, Indonesia, Mexico, Turkey), revealing the core use case: dollar access where local banking won't provide it. Tokenized US Treasury funds have grown 8x to $13.8b. Equity markets show perpetual futures ($2.30 billion open interest) outpacing spot tokens ($1.74 billion) because they offer 24/7 tra…
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