2026 Q2 Crypto Industry Report (CoinGecko)

Summary

• Total crypto market cap fell for a third quarter to $2.1 trillion, with average daily trading volume falling to $93.1 billion.p.4
• Total stablecoin market cap slipped 1.6% to $305.1 billion, its first quarter-on-quarter decline since 2023 Q3.p.5
• Prediction markets notional volume totaled $113.8 billion in 2026 Q2, up 48.7% quarter-on-quarter.p.21
• US Spot Bitcoin ETFs saw $4.9 billion of net outflows in 2026 Q2, while total AUM stayed largely flat at $105.4 billion.p.26
• HYPE rose 76.7% quarter-on-quarter and entered the top 10 with a market capitalization of $16.0 billion.p.34
• Overall DeFi TVL fell another 23.4% in 2026 Q2, from $91.8 billion to $70.3 billion.p.40
• The total value of crypto held by DATCos decreased by 9.6% quarter-on-quarter to $130.2 billion.p.19

Key insights

1. Total crypto market cap fell 12.6% in 2026 Q2 to $2.1 trillion, a third consecutive quarter of decline.p.10
2. USDC fell 4.8% to $73.5 billion, the largest absolute outflow among stablecoins, while USDT held at $184.4 billion with a 60% share.p.5
3. BTC dominance slid 0.9 p.p. to end 2026 Q2 at 55.4%, while combined USDT and USDC dominance rose to a new high of 12.2%.p.11
4. BTC fell 14.2% and ETH fell 25.4% in 2026 Q2.p.12
5. Kalshi increased its lead in prediction markets from 42.4% in Q1 to 58.9% in Q2.p.21
6. US Spot Ethereum ETFs' total AUM declined to $8.5 billion, the lowest since 2025 Q2.p.31
7. US Spot HYPE ETFs recorded +299.4M in net inflows in Q2, with total AUM of $318.8M.p.37
8. DeFi's share of the overall crypto market rose from 3.49% at the start of April to 4.47% at end-June.p.39