Blockchain Earnings Take A Dip – 16% Drop In Just 1 Month: Report

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Last year, Tron strutted ahead of its blockchain competitors, amassing a cool $3.6 billion in earnings. This triumph, one might say, is a testament to the old adage: “It’s not how big you are, but how often you move money around.” Apparently, stablecoin activity has a more substantial impact on network earnings than pure market capitalization. According to Token Terminal, Tron’s dominance is hardly a fluke- it tops the revenue charts when measured purely by cold, hard cash.

Tron Tops Revenue Charts

The crown on Tron’s head doesn’t come from flashy marketing, but rather from stablecoin settlements. In fact, a whopping 51% of all circulating Tether USDT was minted on the Tron network. So, while other blockchain networks were throwing big parties, Tron was quietly counting its stablecoins and stacking its profits.

For comparison, Ethereum, despite its grand market cap of around $540 billion (16 times the size of TRX), only raked in $1 billion during the same period. The moral of the story? It’s not about market cap- it’s about what you do with it.

Revenues Down In September: VanEck

And just when you think the blockchain party will never end, enter September with its dramatic 16% drop in network revenue. According to a VanEck report, it seems traders weren’t in the mood to pay for priority processing anymore. With markets cooling, fee income just couldn’t keep up.

Volatility, too, took a nosedive. Ether’s volatility dropped 40%, Solana slid 16%, and Bitcoin-well, Bitcoin fell 26%. Lower volatility, fewer quick trades, and fewer juicy high-fee transactions. It’s almost as if the market got a bit…boring.

Fees Fell As Volatility Cooled

Ethereum revenue? Down by 6%. Solana? A steeper 11% drop. And then, there’s Tron, with a whopping 37% fall in fees-though this wasn’t just the market’s fault. A governance change had slashed gas charges by over 50% in August, and the effects were clear in September’s numbers. It’s like they decided to lower prices to keep customers happy, and it worked-sort of.

Stablecoins And Settlement Activity Mattered More Than Hype

Now, let’s talk about stablecoins. They continue to grow like a weed in an untended garden. According to RWA.XYZ, the stablecoin market cap soared past $290 billion in October 2025. And where do these stablecoins go? Well, they go to the blockchains with cheap, fast transfers. In case you haven’t guessed yet, that’s Tron’s wheelhouse.

In this new world of tokenized dollars, Tron’s stablecoin settlements have created a reliable stream of revenue, immune to the wild swings and the speculative frenzy that other networks are addicted to. As it turns out, Tron’s stablecoin model is built on something more sustainable than just hype. Who knew?

Stablecoins Drive Transaction Flows

Stablecoins, those magical tokens that move money faster than you can say “blockchain,” don’t require a bank account and trade 24/7. It’s this non-stop flow that keeps blockchain networks busy, and Tron is getting its fair share. And despite its native token being a mere speck compared to Ethereum’s, the stablecoin transaction engine is driving Tron’s success. It’s the blockchain equivalent of the tortoise winning the race.

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2025-10-05 20:36