Chainalysis: North American Crypto Economy at $3.02 Trillion, U.S. Accounts for $2.78 Trillion

Golden Finance reported on October 14 that according to Chainalysis' '2026 Cryptocurrency Geography Report,' in the 12 months ending July 1, 2026, the on-chain value received in North America was approximately $3.02 trillion, a year-over-year decrease of 1.9%, but it remains the largest regional market globally. Among this, the U.S. accounted for $2.78 trillion, a year-over-year decrease of 2.2%, while Canada accounted for $247.7 billion, a year-over-year increase of 2.3%. The report also disclosed "proxy commerce" data: Coinbase's x402 payment protocol on the Base chain completed over 138 million transactions cumulatively within the 16 months ending September 2026, with over 87% of payment amounts ranging between $0.01 and $0.10. The median time from wallet initial funding to completing the first x402 payment decreased from 73 days at the end of 2025 to 18 minutes in the third quarter of 2026. Regarding stablecoins, USD-pegged stablecoins accounted for 99.1% of order book trading volume, while Euro stablecoins accounted for only 0.45%.