Chainalysis: $457B in Crypto Activity Potentially Taxable, CARF Covers 14%

A new report from blockchain analytics firm Chainalysis reveals that global potentially taxable cryptocurrency activity on public blockchains reached at least $457 billion in 2025, but the primary international tax reporting framework is set to capture only a small fraction of it. The findings highlight a significant gap between the scale of digital asset transactions and the reach of current regulatory tools. According to the report, published on August 26, 2026, the $457 billion figure represents a conservative estimate of onchain activity that could be subject to taxation.