Blockchain Revenues Plunge 30%, but a New Growth Engine Emerges
AI summary
Global blockchain revenues are projected to fall to $100 billion in 2026 from about $140 billion in 2025, a roughly 30% year-over-year decline. DeFi and finance still generate about two-thirds of total revenue, while blockchain infrastructure revenue has dropped to its lowest level since 2020. Traders should watch whether the infrastructure slump signals weaker demand for on-chain activity or just a shift of value toward DeFi applications.
