Blockchain Revenues Plunge 30%, but a New Growth Engine Emerges

Global blockchain revenues are projected to decline year over year to $100 billion in 2026, down from approximately $140 billion in 2025. Despite the downturn, the DeFi and finance sector remains the dominant revenue generator, accounting for roughly two-thirds of the total, while blockchain infrastructure revenues have fallen to their lowest level since 2020. Blockchain revenues declined about 30% year over year, in line with bitcoin’s average price, according to a new 1KX report . While blockchain revenues are projected to reach $100 billion, they fall short of the approximately $140 billion recorded in 2025. However, as in 2025, onchain and offchain user-paid fees accounted for 50% to 60% of total revenues, with the remainder coming from other income.

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