Blockchain analytics firm Chainalysis stated in a report that the global volume of cryptocurrency transactions, income, and payments that could be subject to taxation is estimated at approximately $457 billion. Chainalysis made this estimate by including capital gains from asset trading on centralized and decentralized exchanges, on-chain income from staking, lending, mining, and cryptocurrency payments. Notably, stablecoin payments were the largest segment and were widely observed across various countries.
