Chainalysis estimated that approximately $443.3 billion in cryptocurrency value was received across the Middle East and North Africa between July 2025 and June 2026, a 1.4% decline. The United Arab Emirates grew 32% to about $104.8 billion, while Türkiye remained the region’s largest market at roughly $144.5 billion. Turkish domestic peer-to-peer stablecoin volume rose fivefold, while internet blackouts in Iran interrupted some observable activity. These figures measure transfers visible on blockchains and therefore do not necessarily indicate a proportional increase in users or sustained commercial activity. The data, available on October 31, 2026, cover a period ending in June 2026 and should not be presented as market activity recorded in October.
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