Blockchain analytics firm Chainalysis said global potentially taxable onchain crypto activity will amount to at least $457 billion in 2025. Of that total, the United States accounts for about $112.6 billion, North America for $134.6 billion, and the European Union for $125.1 billion. The estimate includes realized gains, mining, staking, lending income, and crypto payments, but excludes activity such as trading within centralized exchanges.
Chainalysis also said just 14% of the taxable onchain activity it identified falls within the scope of the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF. The remaining 86% relates to decentralized exchanges, peer-to-peer transfers, onchain income streams, and payment activity.
CARF was introduced by the OECD in 2022 and requires eligible crypto service providers to report customer transaction data to tax authorities. Data collection under the framework began on Jan. 1, 2026, across 48 jurisdictions, including the United Kingdom and European Union member states. Platforms covered by the rules must collect customer and tax residency information and report transaction data, according to Cointelegraph.
Blockchain analytics firm Chainalysis said global potentially taxable onchain crypto activity will total at least $457 billion in 2025.
By region, the United States accounts for about $112.6 billion, North America for $134.6 billion, and the European Union for $125.1 billion.
What the estimate includes
According to Chainalysis, the estimate covers realized gains, mining, staking, lending income, and cryptocurrency payments. It does not include activity such as trading within centralized exchanges.
Only 14% falls under CARF
Chainalysis said only 14% of the taxable onchain activity it identified is covered by the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF. The other 86% involves decentralized exchanges, peer-to-peer transfers, onchain income streams, and payment activity.
CARF data collection began in 48 jurisdictions
The OECD introduced CARF in 2022, requiring eligible crypto service providers to report customer transaction data to tax authorities.
Data collection under CARF started on Jan. 1, 2026, in 48 jurisdictions, including the United Kingdom and European Union member states. Covered platforms are required to collect customer information and tax residency information, and report transaction data.
The report was cited by Cointelegraph.
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