State of Crypto Q1 2026

Debt, Security, and Safety

Blockchain Bureau Tatum

This report is prepared collaboratively by Blockchain Bureau and Tatum, combining Tatum's raw data with Blockchain Bureau's analysis of key trends in cryptocurrency debt, security, and safety metrics for the first quarter of 2026.

Unsafe
Caution
Safe

Only 0.006% of tokens are classified as Safe

6 in 100,000 tokens meet the Safe threshold. In this dataset, only tokens are Safe, versus Unsafe and in Caution.

This is a distribution snapshot — it's meant to communicate how concentrated risk is at the token level.

Base accounts for —% of all EVM tokens launched

In the latest month, Base launched new tokens out of total EVM tokens across all EVM chains in the analysis.

This analysis includes only EVM-compatible chains: Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, BNB Chain, and Fantom.

Wallet Distribution by USD Value

Remarkably, there are wallets holding more than $10 million USD in value, with wallets holding over $100 million. This represents a significant concentration of wealth in the cryptocurrency ecosystem.

The chart uses a logarithmic scale to visualize the full distribution, from wallets holding less than $1 to those with over $100 million. The gradient color intensity reflects the relative number of holders in each tier.

About Blockchain Bureau

Blockchain Bureau is a leading analytics and intelligence platform specializing in cryptocurrency risk assessment and security analysis. The platform aggregates, analyzes, and assures data across the blockchain ecosystem to provide comprehensive insights into token safety, security threats, and market dynamics.

The platform enables organizations to make informed decisions by identifying malicious actors, tracking security trends, and monitoring the health of cryptocurrency markets. Through advanced data aggregation and rigorous analysis, Blockchain Bureau delivers actionable intelligence that helps protect users and institutions from emerging threats in the digital asset space.

Blockchain Bureau

Outstanding Loans: % Growth from Nov 2021 to Nov 2025

The total outstanding debt in the cryptocurrency lending ecosystem has grown dramatically, reaching as of the latest data point. This represents a significant increase from the initial levels recorded in late 2020.

The chart illustrates the volatile nature of crypto lending markets, with periods of rapid growth followed by consolidation, reflecting broader market dynamics and risk management practices across the ecosystem.

Phishing Accounts for % of All Malicious Activities

In contrast, rug pulls account for just % of malicious activities—a surprisingly small proportion given their prominence in public discourse. This discrepancy highlights how phishing attacks have become the primary threat vector in the cryptocurrency ecosystem, far outpacing other forms of malicious activity.

The data reveals a clear hierarchy of threats, with phishing dominating the landscape by a significant margin, while other attack vectors such as hack exploits, honey pots, and sanctioned addresses represent smaller but still substantial portions of the malicious actor ecosystem.

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Accounts for % of All Illicit Outflows in 2025

This chart tracks the total value of illicit outflows across different blockchain networks over time, providing insights into security trends and the movement of funds associated with malicious activities.

The data includes outflows from various chains including Ethereum, Bitcoin, Tron, BNB Chain, and other major networks, helping identify patterns in how illicit funds move across the cryptocurrency ecosystem.

Total Debt Outstanding:

The total debt balances across various DeFi lending platforms reflect borrowing activity and market conditions.

This chart tracks outstanding debt in major DeFi lending protocols, providing insights into borrowing trends and leverage in the decentralized finance ecosystem.

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Total Collateral Locked:

The total value of collateral locked across various DeFi platforms has shown significant fluctuations, reflecting market sentiment and liquidity.

This chart tracks the collateral in major DeFi lending protocols, providing insights into the health and activity of the decentralized finance ecosystem.

• Data from Tatum.io • Analysed by Blockchain Bureau

About Tatum

Tatum is the leading infrastructure provider for blockchain applications, providing RPC and indexed data through API for 100+ networks. It powers data for the world's largest crypto, finance, and data analytics applications.

With comprehensive coverage across major blockchain networks, Tatum enables developers and enterprises to build scalable blockchain applications with reliable, high-performance infrastructure and real-time data access.

Tatum Supported Chains

Total Blacklisted Stablecoins:

This chart tracks the total value of blacklisted stablecoins across different blockchain networks over time, showing the cumulative USD value of stablecoins that have been flagged or blacklisted due to illicit activities.

The data includes blacklisted stablecoin values from various chains including Ethereum, Tron, Arbitrum, Base, and other major networks, providing insights into how blacklisted funds are distributed across the cryptocurrency ecosystem.

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Account Distribution by Wallet Age

This chart shows the distribution of accounts across different wallet age categories by blockchain network, providing insights into user acquisition patterns and account maturity across various chains.

The data breaks down accounts by age categories (e.g., new, 1-3 months, 3-6 months, etc.) for each chain, helping identify which networks have more established user bases versus newer ones.

Total Wallets Across Chains:

This chart shows the growth of total wallets over time across major blockchains including Ethereum, Tron, BNB Chain, Base, and others.

Tracking wallet counts by chain highlights where user adoption is accelerating and which networks have the deepest wallet bases.

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• Data from Tatum.io • Analysed by Blockchain Bureau
Blockchain Bureau Tatum

This report is prepared collaboratively by Blockchain Bureau and Tatum, combining Tatum's raw data with Blockchain Bureau's analysis of key trends in cryptocurrency debt, security, and safety metrics.

For media inquiries, please contact press@tatum.io