
Blockchain network revenues declined 16% in September: Report
Blockchain network revenues declined 16% in September: Report

Asset manager VanEck attributed the broad decline in blockchain network revenue in September to lower volatility in the crypto markets.
Article Summary
**Blockchain Network Revenues Drop 16% in September as Crypto Market Volatility Declines** Blockchain network revenues experienced a significant 16% decline in September, according to a comprehensive report by leading asset manager VanEck. The cryptocurrency market downturn reflects reduced trading volatility across major digital assets, directly impacting blockchain transaction fees and network activity. VanEck's analysis reveals that lower crypto market volatility served as the primary catalyst behind September's revenue decrease. When Bitcoin and other cryptocurrency prices stabilize, trading volumes typically diminish, resulting in fewer transactions and reduced network fees for blockchain protocols. This decline highlights the interconnected relationship between crypto market dynamics and blockchain infrastructure profitability. DeFi protocols, Bitcoin mining operations, and Ethereum-based applications all depend heavily on transaction volume and network activity to generate sustainable revenues. The September data underscores broader cryptocurrency market trends, where reduced volatility often correlates with decreased investor engagement and trading activity. As blockchain networks continue evolving, revenue sustainability remains crucial for long-term ecosystem growth and development across the digital asset landscape.


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