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A new 1kx report finds public companies captured 16% of blockchain revenue in 2026, more than double their 7% share in 2022. This shift occurs as overall revenue drops 28% to roughly $100 billion. Coinbase and Circle generated $3.3 billion combined, while traditional firms earned $1.1 billion. Tokenized assets rose 58% to $5.3 billion in the third quarter.
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