Network revenues in the Blockchain ecosystem fell in September by 16% of the month, mainly due to reduced variability in cryptographic markets, according to the Vaneck assets manager.
Revenues from the Ethereum network dropped by 6%, Solana fell by 11%, and the Throne network recorded a 37% reduction in fees due to management proposals that reduced gas fees by over 50% in August, according to Vaneck report.
The decrease in revenues in other networks was assigned to reduced variability on cryptographic markets and basic tokens supplying these networks. The variability of the ether (ETH) dropped by 40%, SOL (SOL) volatility dropped by 16%, and Bitcoin (BTC) fell by 26%in September.
“With reduced variability of digital assets, there are fewer arbitration options for forcing traders to pay high priorities,” explained the writers of the report.
Revenues and network fees are a key number of economic activity in cryptocurrency ecosystems. Market analysts, traders and investors monitor the basics of the network to assess the overall health of a specific ecosystem, individual projects and a wider cryptographic sector.
Related: Ethereum revenues fell in August by 44% among the ETH of all time
The Network throne still dominates
The Throne network is located as a number one cryptographic ecosystem for revenues, generating $ 3.6 billion in the last year, according to data from the tokena terminal.
For comparison, Ethereum generated only $ 1 billion of revenues over the past year, despite reaching the highest ETH level in August and market capitalization in the amount of approximately $ 539 billion-16x market capitalization TRX (TRX), which is north of $ 32 billion.
Throne revenues are attributed to her role in Stablecoin settlements. 51% of the supply of all Tether Tether USDT (USDT) was issued on the Throne network.
Stablecoin Market Cap exceeded $ 292 billion in October 2025 and is constantly growing since 2023, according to data from data from Rwa.xyz.
Stablecouins are the main case of using blockchain technology, because governments are trying to enhance the speed of their FIAT currencies by placing them on cryptographic rails.
Blockchain enable currency flow between borders, with almost instants of settlements, minimal fees, trade 24/7, and do not require access to a bank account or time-honored infrastructure.
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