Wood-decaying fungi are key to forest ecosystems, breaking down lignocellulose—the cellulose, hemicellulose, and lignin matrix of plant cell walls. This process recycles nutrients, supports plant growth, and has industrial applications in biofuels and bioproducts. Agaricomycetes use two main decay strategies for lignocellulose degradation. White rot fungi (WRF) degrade lignin and carbohydrates, achieving complete lignocellulose breakdown, while brown rot fungi (BRF) mainly attack carbohydrates and leave lignin intact. This study compared three WRF (Pleurotus ostreatus, Phanerochaete chrysosporium, Heterobasidion irregulare) and two BRF (Fomitopsis schrenkii, Rhodonia placenta) through transcriptomics, enzyme family analysis, and metabolic profiling under glucose and wood growth conditions. WRF showed strong induction of lignin-degrading enzymes such as peroxidases and laccases, while BRF lacked these genes and relied on oxidative chemistry with limited cellulases. GH16 glucanases were the only enzyme family consistently upregulated across all fungi, highlighting their conserved but versatile role in carbohydrate metabolism. Enzyme repertoires were highly species-specific, with transcriptomes dominated by a few strongly expressed genes. In P. ostreatus, AA9 lytic polysaccharide monooxygenases (LPMOs) formed a large, diverse family regulated by promoter motifs and influenced by nearby transposable elements, suggesting dynamic evolution and fine-tuned control. Metabolic analysis showed that WRF used robust oxidative pathways (glycolysis, PPP, TCA cycle, glyoxylate shunt), supporting efficient carbon utilization. BRF favored partial sugar oxidation and fermentation, reflecting their carbohydrate-focused decay mode. These metabolic differences align with ecological strategies: WRF dismantle lignin-rich substrates, while BRF optimize rapid carbohydrate extraction. In summary, this work clarifies the molecular, enzymatic, and metabolic bases of fungal wood decay. It reveals contrasting strategies between WRF and BRF, the conserved central role of GH16 enzymes, the diversity and regulation of AA9 LPMOs, and distinct carbon metabolism adaptations. These insights advance understanding of fungal ecology and provide valuable knowledge for biotechnology and biomass conversion.