Blockchain industry revenue shifts toward publicly traded firms
Coinbase, Circle and other public firms drove a growing share as overall blockchain revenue is projected to fall 28% to about $100 billion in 2026.
- Overall blockchain industry revenue is projected to decline 28% year over year to roughly $100 billion in 2026, according to a report from crypto investment firm 1kx analyzing more than 2,600 protocols.
- Revenue from broader economic activity surpassed blockchain infrastructure revenue for the first time in the third quarter, reaching approximately $5.3 billion compared with $5.1 billion, signaling a structural shift in the industry.
- Tokenized equities surged 471% to $3.77 billion, while the value of distributed tokenized real-world assets rose roughly 51% to $39.54 billion as of Thursday, demonstrating explosive growth in emerging blockchain categories.
- Publicly traded companies accounted for 16% of industry revenue in 2026, more than double their 7% share in 2022; traditional financial firms including JPMorgan and BlackRock generated $1.1 billion collectively.
- Revenue remains concentrated among a small number of businesses, as the six largest publicly traded companies accounted for roughly 50% to 60% of the group's revenue, limiting broader market participation.
14 Articles
14 Articles
Cointelegraph
The New York LedgerBlockchain industry revenue shifts toward publicly traded firms
A 1kx study finds public firms gaining ground in blockchain revenue as institutional adoption and tokenized assets expand despite an industrywide slowdown.
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Blockchain Revenue Drops 28% to $100 Billion as Crypto Stocks Grab Bigger Share
TLDR Public companies earned 16% of blockchain revenue in 2026, up from 7% in 2022, according to crypto investment firm 1kx. Total blockchain revenue is expected to fall 28% to about $100 billion in 2026, in line with a 30% drop in crypto prices. Coinbase and Circle earned about $3.3 billion combined in blockchain-related revenue [...]
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