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Investment firm 1kx released a report predicting that the total revenue of the blockchain industry will reach $100 billion in 2026, a year-on-year decrease of approximately 28%. Institutional and real economy-related businesses will contribute about 30% of the revenue, and in the third quarter of 2026, revenue from real economy-related businesses will surpass blockchain infrastructure revenue for the first time. The revenue share of listed companies will rise to 16%. In the third quarter, 283 protocols will return value to token holders through token buybacks, burns, or fee sharing.