Chainalysis has estimated that potentially taxable onchain crypto activity exceeded $457 billion worldwide in 2025, while transactions within the practical reach of international reporting rules represented only 14% of the total.
Summary
- Potentially taxable onchain crypto activity exceeded $457 billion globally during 2025.
- CARF-covered transactions represented only 14% of the activity identified by Chainalysis.
- The United States led individual countries with an estimated $112.6 billion.
- DeFi, private wallets, income streams, and peer-to-peer payments create reporting gaps.
Chainalysis said in an Aug. 26 crypto tax report that the other 86% included decentralized…
