According to Wu Blockchain, the Chainalysis report reveals that by 2025, the global on-chain taxable crypto activities could reach at least $457 billion, with the U.S. leading at approximately $112.6 billion, followed by Germany at $24.1 billion, China at $21 billion, the UK at $19.4 billion, and India at $19 billion. The statistics include on-chain revenues from CEX and DEX realized gains, mining, staking, lending, and crypto payments. Since off-chain activities like internal CEX transactions cannot be directly observed via blockchain, this figure is considered a conservative estimate. Chainalysis points out that information reporting frameworks like OECD’s CARF and the EU’s DAC 8 can help improve tax transparency. However, they estimate that on-chain taxable activities covered by CARF account for only about 14% of the global total, while the remaining 86% involves activities like DEX, P2P, self-custody wallets, on-chain income, and payments, which are still challenging to fully identify using traditional reporting systems. https://(wublock123.com)/news/chainalysis-2025-onchain-taxable-crypto-activity-457billion-carf-coverage-14-67264