Crypto network revenue declined 16% in September – Vaneck

Network revenues throughout the blockchain ecosystem declined 16% month-to-month in September, mainly due to reduced volatility in crypto markets, according to asset manager Vaneck.
Ethereum Network’s income fell 6%, Solana fell 11%, and the Tron Network recorded a 37%reduction in fees, due to a management proposal that reduced gas fees by more than 50% In August, according to Vaneck’s Report.
The downfall of income to other networks has been linked to reduced volatility in crypto markets and the underlying tokens that empower networks. Ether (Eth) Volatility drops 40%, sol (Sol) Volatility fell 16%, and bitcoin (Btc) fell 26% in September.
“With reduced volatility for digital ownership, there are fewer arbitration opportunities to force entrepreneurs to pay high priority fees,” the report writers explained.
Network revenues and Fees are a critical measure for economic activity in crypto ecosystems. Market analysts, traders, and investors monitor network basis to measure the overall health of a particular ecosystem, individual projects, and greater crypto sectors.
Related: Ethereum income dropped 44% in August in the middle of high time
The Tron Network continues to lead to income metrics
The Tron Network is ranked as As a crypto ecosystem for incomeforming $ 3.6 billion in the past year, according to Data From the token terminal.
Ethereum, by comparison, has only generated $ 1 billion in income last year, despite the Eth hitting all-time highs In August, and a market capitalization of nearly $ 539 billion – TRX is more than 16x (Trx) market capitalization, which is just north of $ 32 billion.
Tron’s income is attributed to its Paper in stablecoin settlements. 51% of all circulating tether USDT (USDT) Issued the supply to the Tron Network.
The Stablecoin Market cap crossed $ 292 billion in October 2025 and continued to grow since 2023, according to data from Rwa.xyz.
Stablecoins is a major case of use for blockchain technology, as governments are trying to Increase the horny of their fiat currencies By placing them on crypto metals.
Blockchain metals allow currencies to flow between the borders, with a near-instant settlement time, small charge, 24/7 trading, and do not require a bank account or traditional infrastructure to access.
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