A 1KX report says DeFi and finance generated $65 billion in 2026, about two-thirds of blockchain revenue, largely through offchain fees. It projects total blockchain revenue of about $100 billion for the year, down roughly 30% from about $140 billion in 2025. Actual transaction fees account for less than 3% of blockchain revenue.
Tokenized stock trading volume on Robinhood Chain exceeded $13 billion in the third quarter, with more than 70% occurring while U.S. stock exchanges were closed. The report projects that institutional adoption and broader economic uses will help lift revenue in 2027, but that is a forecast, not a measured result.
