Crypto wallet and interface revenues fell 60% year over year to roughly $400 million in the first half of 2026, according to a new report by market insight provider 1kx. The decline was mainly attributed to lower trading activity and volatile crypto prices.
Wallet Income Falls as Gaming Takes a Larger Share
In the first half of 2025, wallet revenues reached about $1.1 billion. The latest figures show a drop of roughly $700 million to approximately $400 million in the same period this year.
DePIN, or decentralized physical infrastructure networks, also saw revenues decline, dipping 10% from $293 million to $264 million.
The reduced income affected the wider consumer sector, which pulled in $5.0 billion in the first six months of 2026, about $600 million, or 11%, less than in H1 2025.
According to 1kx, the smaller overall fall was largely due to gambling and gaming, whose revenues rose 8% to $3.3 billion from about $3.1 billion in the same period last year. That category now accounts for the largest portion of the sector's reported income.
"Overall resilience from gaming offsets wallet weakness, but highlights heavy reliance on volatile categories," the report concluded.
Wallet Activity and Network Adoption Tell Different Stories
Other wallet-related metrics across major blockchains have shown mixed results. According to Santiment data, since mid-October the Bitcoin network lost around 30,000 non-empty wallets, bringing the count to just under 60 million. The analytics firm viewed this as a possible sign of capitulation by smaller holders, noting it created better conditions for BTC's recovery than a sudden rush of buyers.
Ethereum presented a different picture. Data from the same source showed its number of non-empty wallets reached well over 207 million in September, around the same time the amount of staked ETH rose above 40 million. Santiment suggested the figures pointed to heightened network participation even after months of relatively weak price action.
Wallets usually earn revenue from charging swap or transaction fees alongside integrated DeFi services. More addresses do not automatically translate into higher fees. The H1 figures suggest wallet revenue was affected by trading conditions, while crypto gaming income was less exposed to slowdowns.
