Chainalysis says taxable onchain crypto activity hit $457B in 2025, while OECD CARF would capture only 14%

Chainalysis estimates that potentially taxable onchain crypto activity reached at least $457 billion globally in 2025, spanning realized gains, mining, staking, lending income and crypto payments across six major blockchains. The report says the US accounted for $112.6 billion, North America led regions, and the EU followed with $125.1 billion. It also says OECD CARF rules would capture only 14% of this activity, leaving much of DEX activity, peer-to-peer transfers, onchain income and payments outside the reporting scope.
AI Analysis
The article highlights a large taxable activity estimate and says CARF would miss most of it, implying broader reporting pressure and compliance challenges. It is market-relevant for crypto assets and trading venues, but the piece is regulatory and not tied to a specific near-term price catalyst.