Tornado Cash Protocol Revenue
Track how Tornado Cash protocol revenue flows to TORN holders through fees, buybacks, and value accrual mechanisms.
Produced by Tokenomics.com in collaboration with BlackTokenomics.
Revenue Verifiability
Verified and Transparent
Value Accrual TypesNot Tracked
Token Contract VerificationSmart Contract Address
Revenue to Holders
66%
0%100%
TORN Protocol Revenue FAQ
Key questions and answers about Tornado Cash revenue, fees, and token value accrual
How does Tornado Cash generate revenue?
Tornado Cash generated $14.9M in gross revenue from Dec 2023 to Nov 2026 (1043 days), with $9.5M retained as net revenue. $9.5M accrued to TORN token holders.
This averages $$14.3K in daily gross revenue across the tracked period.
Does Tornado Cash burn TORN tokens?
No, Tornado Cash does not currently burn TORN tokens. The protocol does not employ a buy-back-and-burn or direct token burn mechanism.
How do TORN tokenomics work?
The protocol generates fees from user activity, with a portion distributed back to TORN holders.
What is Tornado Cash's gross revenue used for?
In 2026, Tornado Cash generated $4.0M in gross revenue. Of that, $2.7M was distributed to token holders, $1.3M went to supply-side participants (e.g. liquidity providers).
Year-by-year revenue breakdown:
- 2026: $4.0M gross revenue — $2.7M to holders, $1.3M to supply-side
- 2025: $5.7M gross revenue — $3.6M to holders, $2.1M to supply-side
- 2024: $5.2M gross revenue — $3.2M to holders, $2.0M to supply-side
Is Tornado Cash's gross revenue growing or declining?
Tornado Cash's gross revenue has increased by 27.6% over the past 90 days compared to the prior 90-day period, from $1.1M to $1.5M.
- Recent 90d daily average: $16.2K/day
- Prior 90d daily average: $12.7K/day
