News
Crypto Wallets Lose $700M in Revenue During H1 2026: Report
Crypto wallet and interface revenues dropped 60% year-over-year to approximately $400 million in H1 2026, primarily due to lower trading activity and volatile crypto prices. DePIN revenues also declined by 10%, while the overall consumer sector revenue fell 11% to $5.0 billion, with gambling and gaming income increasing by 8% to $3.3 billion, offsetting some losses. Mixed results were observed in wallet activity, with Bitcoin losing around 30,000 non-empty wallets, indicating potential capitulation, while Ethereum saw growth in non-empty wallets and staked ETH, suggesting increased network participation.