Crypto Wallets Lose $700M in Revenue During H1 2026: Report

Gaming revenue rose despite weakness elsewhere, accounting for $3.3 billion of the consumer crypto sector's $5 billion first-half total. Crypto wallet and interface revenues fell 60% year over year to roughly $400 million in the first half of 2026. This is according to a new report by 1kx, with the market insight provider noting that a rise in gambling and gaming income is what kept the decline in the wider consumer sector from being worse. Wallet Income Falls as Gaming Takes a Larger Share In the first half of 2025, wallet revenues hit about $1.1 billion, but the latest figures show it went down to approximately $400 million during the same period this year, with the roughly $700 million drop down mainly to lower trading activity and volatile crypto prices. DePIN, short for decentralized physical infrastructure networks, also saw revenues slashed, dipping 10% from $293 million to $264 million. The reduced income affected the wider consumer sector, which, in the first six months of 2026, ended up pulling in $5.0 billion, about $600 million, or 11% less than what it did in H1 last year. According to 1kx, that smaller overall fall was largely due to gambling and gaming, whose revenue...