Blockchain revenues drop by 16% in September

Blockchain network revenues across several ecosystems dropped by 16% month-over-month in ￰0￱ to asset manager VanEck, the slide can be mainly attributed to a reduction in volatility in the digital asset ￰1￱ network revenue experienced a 6% drop, while Solana fell by 11%. The VanEck report also noted that the Tron network recorded a 37% reduction in fees. Notably, the main reason for this slide is the governance proposal that was submitted in August, which saw gas fees reduced by over 50%. According to reports, the total daily network fees for Tron’s block producers, known as Super Representatives, dropped to $5 million on September 7, the lowest in over a ￰2￱ revenues drop by 16% in September The drop in revenue in the other blockchain networks has been attributed to reduced volatility in the crypto markets and the underlying tokens powering these ￰3￱ volatility experienced the biggest slide, dropping by 16%, followed by Bitcoin, which dropped about 26% in ￰4￱ made up the top three, experiencing a drop of about 16% in the month.

“With reduced volatility for digital assets, there are fewer arbitrage opportunities to compel traders to pay high priority fees,” the researchers explained in the ￰5￱ revenues and fees are a critical metric to measure economic activity in crypto ￰6￱ analysts, traders, and investors monitor the network fundamentals to ascertain the overall health of the ecosystem, individual projects, and the broader crypto market. meanwhile, the Tron network has maintained its number one place among the crypto ecosystem in terms of ￰7￱ to data from Token Terminal, the network generated $3.6 billion in the last ￰8￱ month, Token Terminal reported that the network also exceeded the Ethereum’s revenues over the past 90 days, accruing $435 million in fees compared to Ethereum’s $365 ￰9￱ experiences a rise in revenue Tron founder Justin Sun highlighted the revenue performance at the time, noting that it exceeded Ethereum’s protocol revenue by 50%.

“If this trend continues, Tron’s protocol revenue could even surpass $2 billion this year, making it the most profitable blockchain on Earth!” he ￰10￱ the other hand, Ethereum generated a revenue of about $1 billion over the past ￰11￱ happened despite the asset hitting all-time highs in August, and a market capitalization of $539 billion, which represented over 16x the TRX market cap, which is just around $32 billion. Tron’s revenue has been attributed to its role in stablecoin ￰12￱ 51% of the circulating USDT supply was issued on the Ton ￰13￱ stablecoin market cap surpassed $292 billion in October 2025 and has been steadily rising since 2023, according to data from ￰14￱ have become a major case for blockchain technology, as governments attempt to increase the scalability of their fiat currencies by placing them on ￰15￱ instance, China has been discussing the likelihood of creating its yuan-backed stablecoins to bolster its ￰16￱ country, which is known for its restrictive approach to digital assets, would be looking to reverse its earlier policies and allow its fiat to be ￰17￱ report was released by Reuters, which noted that it got credible intel from sources familiar with the ￰18￱ approved, it will mark a shift in the approach of the country, which banned crypto trading and mining in ￰19￱ $50 free to trade crypto when you sign up to Bybit now