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Crypto surveillance and analytics firm Chainalysis now estimates that Iran's crypto ecosystem topped more than $7.8 billion in 2025. Crypto activity related to the country also spiked around major domestic and geopolitical events.
What's the Scoop?
- IRGC Involvement: Chainalysis estimates that the Islamic Revolutionary Guard Corps (IRGC), a branch of the Iranian armed forces and U.S.-designated terrorist organization, accounted for at least half of Iran's crypto activity in 2025, receiving a minimum of $3B in crypto last year.
- Safe Harbor: Iran’s crypto activity remained correlated with domestic and geopolitical uncertainty, surging during the 12-day war in June 2025 as the Iranian <> Israeli tensions reached a boiling point. Chainalysis suggested the behavior was emblematic of, "a flight to safety amid currency collapse and political instability."
Inside Iran’s Growing $7.8 Billion Crypto Ecosystem
Iran’s crypto ecosystem reached over $7.78 billion in 2025, having grown at a faster pace for most of the year compared to the year prior.
Chainalysis Team
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