Key facts
- Public companies' share of blockchain revenue reached 16% in 2026, up from 7% in 2022.
- Overall blockchain revenue projected to decline 28% to $100 billion in 2026.
- Revenue from broader economic activity surpassed blockchain infrastructure revenue in Q3 2026.
- Tokenized real-world assets value rose 51% to $39.54 billion in the year to October 2026.
- Tokenized equities surged 471% to $3.77 billion in the year to October 2026.
Publicly traded companies' share of the blockchain industry's revenue has more than doubled since 2022, reaching 16% in 2026, according to a report by crypto investment firm 1kx. This growth occurred despite a projected 28% decline in overall blockchain revenue to $100 billion for the year. The report analyzed data from over 2,600 protocols and earnings from 104 public companies.
Increased institutional adoption and the rise of real-world applications, such as tokenized assets, payments, and prediction markets, are driving this shift. Revenue from these broader economic activities surpassed blockchain infrastructure revenue for the first time in the third quarter. The value of tokenized real-world assets grew 51% over the past year to $39.54 billion, while tokenized equities surged 471% to $3.77 billion.