1kx Projects Blockchain Revenue to Decline 28% in 2026 Amid Mix Shift

Investment firm 1kx projected Oct. 29 that blockchain-related revenue would total about $100 billion in 2026, a 28% decline from roughly $140 billion in its 2025 comparison. The projection comes as institutional activity and broader-economy uses account for a growing share of revenue. The estimate uses data through the third quarter, so it is not a completed annual result. 1kx linked the projected decline to lower digital-asset prices and said revenue was flat relative to total digital-asset market capitalization. Institutional activity and broader-economy uses together represented 33% of revenue in the third quarter.