86% of Crypto Activity Eludes Tax Rules

Crypto tax rules may struggle to track significant portions of onchain activity, according to Chainalysis. The analytics firm estimates that potentially taxable crypto transactions exceeded $457 billion in 2025.

This figure represents only 14% of the total activity identified by Chainalysis, with decentralized exchange activity, peer-to-peer transfers, and onchain income falling outside the practical scope of the OECD's Crypto-Asset Reporting Framework (CARF).

The United States led individual countries in estimated taxable crypto activity, accounting for $112.6 billion of the total.

Chainalysis notes that the US crypto tax gap was estimated at roughly $50 billion annually in 2022, with congressional projections suggesting Form 1099-DA could generate $28 billion in federal revenue over 10 years.