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Blockchain Revenues Projected to Decline to $100 Billion in 2026
Global blockchain revenues are projected to decline 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. Blockchain infrastructure revenues have fallen to their lowest level since 2020. The report notes that blockchain revenues declined about 30% year over year, in line with bitcoin’s average price. The decentralized finance (DeFi)/Finance category generated $65 billion in revenue in 2026, driven largely by offchain fees. Actual transaction fees now represent less than 3% of all blockchain revenues, with the remaining sectors accounting for $12 billion, led by consumer applications at 9%.