Reporting · technology
Wallet revenue fell 60% in H1 2026 as gaming and gambling grew
Research firm 1kx found wallet and interface revenue dropped 60% year over year in the first half of 2026, while gambling and gaming revenue grew 8%.
Quick take
- 1kx says first-half 2026 wallet revenue fell to about $400 million from $1.1 billion a year earlier.
- Gambling and gaming revenue rose 8% to $3.3 billion, which 1kx says offsets wallet weakness.
- The findings underline how heavily parts of the sector still depend on volatile categories and market conditions.
CryptoPotato reported on a new breakdown of first-half 2026 crypto revenue published by 1kx. Wallet revenue came to about $400 million, compared with $1.1 billion in the same period of 2025, a drop of roughly $700 million. 1kx ties that fall to lower trading and volatile prices.
Across the wider consumer sector, revenue reached $5.0 billion in the first half of 2026, down about 11% or roughly $600 million. 1kx's figures also show DePIN revenue fell 10%, from $293 million to $264 million. Gambling and gaming was the bright spot, rising 8% to $3.3 billion.
1kx says gaming is offsetting weakness in wallets and points to the sector's reliance on volatile categories.
Separately, Santiment data shows Bitcoin has lost about 30,000 non-empty wallets since mid-October, leaving just under 60 million. Santiment's Ethereum figures show more than 207 million non-empty wallets in September, and staked ETH rose above 40 million in the same month.
Sources
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