A Chainalysis report shows that the Middle East and North Africa (MENA) crypto economy reached $443.3 billion in the reporting period of 2026 (July 2025 to June 2026), a year-on-year decrease of 1.4%. Turkey led the region with $144.5 billion, while the UAE saw a 32% year-on-year increase with $104.8 billion, together accounting for 56% of the region's total. Excluding the UAE, the remaining MENA markets contracted by 8.6%. Turkey's P2P stablecoin trading volume increased to $3.56 billion, approximately three times the combined volume of the other 25 MENA markets. (Source: Chainalysis)
