Crypto Network Revenue Declined by 16% in September — VanEck

Network revenues across the blockchain ecosystem declined by 16% month-over-month in September, mainly due to reduced volatility in the crypto markets, according to asset manager VanEck.

Ethereum network revenue fell by 6%, Solana’s fell by 11%, and the Tron network recorded a 37% reduction in fees, due to a governance proposal that reduced gas fees by over 50% in August, according to VanEck’s report.

The revenue drop in the other networks was attributed to reduced volatility in the crypto markets and the underlying tokens powering those networks….