Chainalysis Estimates $457 Billion in Taxable On-Chain Crypto Activity Last Year, With OECD CARF Covering Only 14%
Summary
- Chainalysis said taxable on-chain crypto-asset activity worldwide totaled at least $457 billion last year.
- Chainalysis said only about 14% of that activity falls within the scope of the OECD’s Crypto-Asset Reporting Framework (CARF).
- Chainalysis said a substantial share of on-chain crypto-asset activity still remains outside reporting requirements under the current CARF framework.
Forecast Trend Report by Period
Chainalysis estimated that taxable on-chain cryptocurrency activity worldwide totaled at least $457 billion last year. Only about 14% of that activity fell within the scope of the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF.
Cointelegraph reported on August 26 that Chainalysis put the value of taxable on-chain crypto activity generated globally in 2025 at a minimum of $457 billion.
Of that total, just about 14% was included under CARF, the OECD’s reporting framework for crypto assets.
CARF is an international reporting framework designed to help countries share crypto-related tax information and improve tax transparency. Chainalysis found that under the current system, a substantial amount of on-chain activity remains outside the reporting net.
JH Kim
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