Network revenues throughout the blockchain ecosystem declined by 16% month-over-month in September, primarily resulting from diminished volatility in the crypto markets, based on asset supervisor VanEck.
Ethereum community income fell by 6%, Solana’s fell by 11%, and the Tron community recorded a 37% discount in charges, resulting from a governance proposal that reduced gas fees by over 50% in August, based on VanEck’s report.
The income drop in the opposite networks was attributed to diminished volatility in the crypto markets and the underlying tokens powering these networks. Ether (ETH) volatility dropped by 40%, SOL (SOL) volatility fell by 16%, and Bitcoin (BTC) fell by 26% in September.
“With diminished volatility for digital property, there are fewer arbitrage alternatives to compel merchants to pay excessive precedence charges,” the writers of the report defined.
Network revenues and fees are a critical metric for financial exercise in crypto ecosystems. Market analysts, merchants, and traders monitor community fundamentals to gauge the general well being of a specific ecosystem, particular person initiatives, and the broader crypto sector.
Associated: Ethereum revenue dropped 44% in August amid ETH all-time high
Tron community continues to dominate income metrics
The Tron community is ranked because the number one crypto ecosystem for revenue, producing $3.6 billion in the final 12 months, based on data from Token Terminal.
Ethereum, by comparability, solely generated $1 billion in income over the past 12 months, regardless of ETH hitting all-time highs in August, and a market capitalization of about $539 billion — over 16x the TRX (TRX) market capitalization, which is simply north of $32 billion.
Tron’s income is attributed to its role in stablecoin settlements. 51% of all circulating Tether USDt (USDT) provide has been issued on the Tron community.
The stablecoin market cap crossed $292 billion in October 2025 and has been steadily rising since 2023, based on knowledge from RWA.XYZ.
Stablecoins are a serious use case for blockchain know-how, as governments try and increase the salability of their fiat currencies by inserting them on crypto rails.
Blockchain rails enable currencies to circulation between borders, with near-instant settlement occasions, minimal charges, 24/7 buying and selling, and don’t require a checking account or conventional infrastructure to entry.
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