Blockchain network revenues declined 16% in September: Report

Network revenues crossed the blockchain ecosystem declined by 16% month-over-month successful September, chiefly owed to reduced volatility successful the crypto markets, according to plus manager VanEck.

Ethereum web gross fell by 6%, Solana’s fell by 11%, and the Tron web recorded a 37% simplification successful fees, owed to a governance connection that reduced state fees by implicit 50% successful August, according to VanEck’s report.

The gross driblet successful the different networks was attributed to reduced volatility successful the crypto markets and the underlying tokens powering those networks. Ether (ETH) volatility dropped by 40%, SOL (SOL) volatility fell by 16%, and Bitcoin (BTC) fell by 26% successful September. 

Most cryptocurrencies experienced reduced volatility successful September. Source: VanEck

“With reduced volatility for integer assets, determination are less arbitrage opportunities to compel traders to wage precocious precedence fees,” the writers of the study explained.

Network revenues and fees are a captious metric for economical enactment successful crypto ecosystems. Market analysts, traders, and investors show web fundamentals to gauge the wide wellness of a peculiar ecosystem, idiosyncratic projects, and the broader crypto sector.

Related: Ethereum gross dropped 44% successful August amid ETH all-time high

Tron web continues to predominate gross metrics

The Tron web is ranked arsenic the number 1 crypto ecosystem for revenue, generating $3.6 cardinal successful the past year, according to data from Token Terminal.

Ethereum, by comparison, lone generated $1 cardinal successful gross implicit the past year, contempt ETH hitting all-time highs successful August, and a marketplace capitalization of astir $539 cardinal — implicit 16x the TRX (TRX) marketplace capitalization, which is conscionable northbound of $32 billion.

A examination of crypto web fees implicit the past year. Source: Token Terminal

Tron’s gross is attributed to its role successful stablecoin settlements. 51% of each circulating Tether USDt (USDT) proviso has been issued connected the Tron network.

The stablecoin marketplace headdress crossed $292 cardinal successful October 2025 and has been steadily increasing since 2023, according to information from RWA.XYZ.

Stablecoins are a large usage lawsuit for blockchain technology, arsenic governments effort to increase the salability of their fiat currencies by placing them connected crypto rails.

Blockchain rails let currencies to travel betwixt borders, with near-instant colony times, minimal fees, 24/7 trading, and bash not necessitate a slope relationship oregon accepted infrastructure to access.

Magazine: Ether could ‘rip similar 2021’ arsenic SOL traders brace for 10% drop: Trade Secrets