Blockchain industry revenue shifts toward publicly traded firms

Publicly traded firms accounted for 16% of blockchain industry revenue in 2026, greater than double their 7% share in 2022, in response to a brand new report from crypto funding agency 1kx.

The rise comes as total blockchain revenue is projected to say no 28% 12 months over 12 months to roughly $100 billion in 2026. The report analyzed knowledge from greater than 2,600 protocols and earnings studies from 104 publicly traded firms by the third quarter.

The researchers attributed the rising share of public firms partly to new inventory market listings, together with stablecoin issuer Circle, which went public in 2025, and revenue progress amongst present firms. The ten largest publicly traded firms within the research doubled their blockchain-related revenue over the previous three years.

Coinbase and Circle generated roughly $3.3 billion in mixed blockchain-related revenue within the first half of 2026, in response to 1kx, whereas publicly traded Bitcoin miners earned roughly $2 billion. Conventional monetary firms, together with JPMorgan, BlackRock, CME Group, Visa and Robinhood, accounted for an additional $1.1 billion collectively.

Revenue stays concentrated amongst a comparatively small variety of companies. The six largest publicly traded firms accounted for roughly 50% to 60% of the group’s revenue, in response to the report.

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Institutional and real-world exercise good points share of blockchain revenue

The report additionally discovered that revenue from broader financial exercise surpassed blockchain infrastructure revenue for the primary time within the third quarter, reaching roughly $5.3 billion in contrast with $5.1 billion, in response to 1kx.

The class, which incorporates tokenized property, funds and prediction markets, grew 58% 12 months over 12 months within the first half of 2026. Along with institutional adoption, it accounted for 33% of whole blockchain revenue within the third quarter, with the report projecting a 30% share for the total 12 months.

Institutional and broader financial exercise to succeed in 30% of blockchain revenue in 2026. Supply: 1kx report

RWA.xyz data exhibits the worth of distributed tokenized real-world property rose roughly 51% over the previous 12 months, from $26.16 billion in October 2025 to $39.54 billion as of Thursday. Tokenized equities grew even quicker, surging 471% over the identical interval to $3.77 billion.

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