China's effort to build a national blockchain network aligns with President Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era.

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Global blockchain industry revenue is projected to decline 28% to 30% year-over-year to approximately $100 billion in 2026, down from roughly $140 billion in 2025, according to a report by 1kx.

Transaction fees paid on blockchains fell by half in the first six months of 2026, despite transaction counts rising 18% to 127 billion.

Direct transaction fees paid on blockchains dropped to represent less than 3% of total blockchain industry revenue in 2026.

Publicly traded companies captured 16% of total blockchain industry revenue in 2026, more than double their 7% market share in 2022.

Trades on the Canton Network settle immediately via atomic settlement, swapping share payment and ownership in a single step.

The Bank of England expects digital representation of collateral using distributed ledger technology to streamline collateral organization and reduce transfer delays between institutions.

In June 2026, Fireblocks participated as an infrastructure partner in the Open Standard initiative and identified Visa among the involved financial institutions.

Israeli Prime Minister Benjamin Netanyahu proposed using cryptocurrency and blockchain technology as an alternative financial system to bypass potential international banking sanctions.

Yisrael Beytenu leader Avigdor Liberman argued that blockchain transactions are traceable by international authorities and urged the Israeli government to prevent sanctions rather than rely on alternative payment systems.

Mainland China bans all business activities related to virtual assets and cryptocurrencies while simultaneously promoting blockchain technology as a strategic national priority.

China's Central Cyberspace Affairs Commission published the 15th Five-Year Plan for National Informatization on October 23, 2026, setting a 2030 target to largely complete its national blockchain network.

The 2030 national blockchain completion target clarifies explicit goals for a national project originally included in China's national development plan released in March 2026.

China's national blockchain network initiative is designed to integrate the real and digital economies alongside developments in integrated circuits, display technology, artificial intelligence, and 6G communications.

President Xi Jinping called for greater investment in blockchain technology in October 2019, identifying it as a key area for China's technological self-reliance.

The 15th Five-Year Plan for National Informatization calls for large-scale blockchain deployment in manufacturing and agriculture in the Chengdu–Chongqing region.

The 15th Five-Year Plan for National Informatization prioritizes deeper blockchain use in trade and finance across the Yangtze River Delta.

The 15th Five-Year Plan for National Informatization calls for greater use of blockchain technology in data circulation and trading.

The 15th Five-Year Plan for National Informatization calls for stronger national blockchain technical standards and promoting those standards internationally.

Onchain and offchain user-paid fees accounted for 50% to 60% of total 2026 blockchain industry revenues, with Q3 user-paid onchain fees reaching $4.0 billion.

Blockchain industry revenue reached approximately $140 billion in 2025, approaching the historical record of $145 billion established in 2021.