Blockchain network revenues declined 16% in September: Report
Community revenues throughout the blockchain ecosystem declined by 16% month-over-month in September, primarily attributable to diminished volatility within the crypto markets, in line with asset supervisor VanEck.
Ethereum community income fell by 6%, Solana’s fell by 11%, and the Tron community recorded a 37% discount in charges, attributable to a governance proposal that diminished gasoline charges by over 50% in August, in line with VanEck’s report.
The income drop within the different networks was attributed to diminished volatility within 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.
Most cryptocurrencies skilled diminished volatility in September. Supply: VanEck
“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.
Community revenues and charges are a essential metric for financial exercise in crypto ecosystems. Market analysts, merchants, and traders monitor community fundamentals to gauge the general well being of a selected ecosystem, particular person tasks, and the broader crypto sector.
Associated: Ethereum income dropped 44% in August amid ETH all-time excessive
Tron community continues to dominate income metrics
The Tron community is ranked because the primary crypto ecosystem for income, producing $3.6 billion within the final 12 months, in line with knowledge from Token Terminal.
Ethereum, by comparability, solely generated $1 billion in income during the last 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.
A comparability of crypto community charges during the last 12 months. Supply: Token Terminal
Tron’s income is attributed to its function 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, in line with knowledge from RWA.XYZ.
Stablecoins are a significant use case for blockchain know-how, as governments try to extend the salability of their fiat currencies by putting 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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