Crypto economy fell just 1.6% in 12 months despite $2.1 trillion market cap rout, Chainalysis says

The figures compare global crypto activity with a market-capitalization change, rather than describing a single payments product.

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AuthorThe Block Reporting source
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Close-up of gold Bitcoin coins placed on laptop keyboards, representing digital currency and wealth.
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What happened?

Chainalysis reported that global crypto activity fell 1.6% to $9.4 trillion, even as crypto market capitalization contracted by $2.1 trillion during the same period. The comparison presents activity and market capitalization as separate aggregate measures.

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