Data: US Crypto Economy Shrinks as Canada’s Market Expands in 2026

Chainalysis ranked Canada 10th among 117 countries for grassroots crypto adoption, while placing it second in its big money index overall. Figures shared by blockchain analytics firm Chainalysis show that Canada’s crypto economy jumped more than 2% in the year to June 2026. At the same time, the US economy contracted by an almost similar percentage, with the divergence coming at a time when Canadian traders are moving more toward stablecoins, and dollar-pegged tokens making up a larger portion of order-book volume than assets bought primarily to store value. Stablecoins Take the Largest Share of Canadian Crypto Trading In its post, Chainalysis reported that the global crypto economy shrank 1.6% during the same period. Canada moved in the opposite direction, with the firm describing it as the second-largest country in its “big money index” and ranking it 10th among 117 countries in its grassroots adoption index. According to the firm, Canada’s share of that market grew 2.3% to $247.7 billion, while the US’s dropped by 2.2%. Everyday use appears to be part of the Canadian picture. Chainalysis described the country as having the strongest peer-to-peer crypto economy in the Group of Se...