Chainalysis: Singapore's crypto economy grows to $284 billion, institutional activity surges 94% According to Cointelegraph on September 30th, according to Chainalysis data, Singapore's cryptocurrency activity grew by 55.4% to $284 billion in the year ending June 2026, regaining its position as the largest cryptocurrency economy in Central Asia, Southeast Asia, and Oceania (CSAO) against the trend. The growth mainly comes from institutional platform activities, increasing by 94% to $60 billion, concentrated in a few market makers, OTC, and institutional brokers; During the same period, the CSAO encrypted economy contracted by 6.8%. In addition, there has been an increase in small P2P transfers between the Philippines, Thailand, and Vietnam, with a total of 5.4 million transactions (each less than 10000 US dollars), accounting for 14.4% of such transfers worldwide; Chainalysis states that cross-border stablecoin activity in all markets exceeds that in China, with regional cross-border activity being 3.2 times higher than that in China.