The second quarter of 2026 will be remembered as the one in which the question changed. Merchants stopped asking whether to accept crypto payments and began asking which corridors first. Settled flow through the CGP network reached $6.1 billion — a 61 percent gain on the year — while the median cost of moving a thousand dollars fell to thirty-one cents, a figure that would have read as a typographical error in any prior decade.
Stablecoins now carry 61.7 percent of network flow, up 2.3 points on the quarter; Layer-2 rails carry most of the remainder and nearly all of its impatience. The share of transfers settling same-block-day — T+0 in the old tongue — stands at 96.4 percent. The long tail belongs, as ever, to Ethereum mainnet acting its age.
We profile six corridors in this bulletin. In every one of them, the incumbent wire is no longer the benchmark. It is the anecdote.