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.
Track how Tornado Cash protocol revenue flows to TORN holders through fees, buybacks, and value accrual mechanisms.
Key questions and answers about Tornado Cash revenue, fees, and token value accrual
Tornado Cash generated $8.0M in gross revenue from Sep 2024 to Mar 2026 (551 days), with $4.8M retained as net revenue.
This averages $$14.5K in daily gross revenue across the tracked period.
No, Tornado Cash does not currently burn TORN tokens. The protocol does not employ a buy-back-and-burn or direct token burn mechanism.
The protocol generates fees from user activity.
In 2026, Tornado Cash generated $1.1M in gross revenue. Of that, $1.1M went to supply-side participants (e.g. liquidity providers).
Year-by-year revenue breakdown:
Tornado Cash's gross revenue has decreased by 44% over the past 90 days compared to the prior 90-day period, from $2.0M to $1.1M.
