Key Points

• The total market capitalization of cryptocurrencies worldwide is $3.97 trillion, up from $3.89 trillion last week, representing a weekly increase of 2.06%. As of press time, the United States Bitcoin spot ETF has a total net inflow of approximately $61.98 billion, with $445 million net inflow this week; the United States Ethereum spot ETF has a total net inflow of about $14.35 billion, with a net outflow of $244 million this week.
• The total market cap of stablecoins is $312 billion, with USDT accounting for $182.9 billion, representing 58.6% of the stablecoin market; USDC is valued at $76.3 billion, accounting for 24.5%; DAI is valued at $5.36 billion, making up 1.7%.
• According to DeFiLlama, the total TVL (Total Value Locked) in DeFi this week is $157.5 billion, up from $152.2 billion last week, a weekly increase of 3.48%. By blockchain, the top three chains by TVL are Ethereum, accounting for 63.59%; Solana, 8.37%; and BNB Chain, 6.18%.
• On-chain data shows that the overall daily trading volume has been declining this week, with only TON (Toncoin) rising by 16.3%. Sui experienced the most significant drop, down 41.5% from last week; Ethereum decreased by 27.8%, Solana by 19.7%, BNB Chain by 7.2%, and Aptos remained flat. Transaction fees across networks remained stable, except Solana, which increased by 200% compared to last week. In active addresses, Aptos performed the strongest, up 44.4%; Solana increased by 1.9%; Ethereum by 3.5%; BNB Chain decreased by 5.2%; Toncoin decreased by 7.4%; Sui saw the largest decline of 13%. TVL shows a broad growth trend, with Toncoin increasing significantly by 11.1%, and most other chains growing by approximately 3%–8%.
• Focus on innovative projects: Compose is an Ethereum-based composable layer aiming to solve liquidity and fragmentation issues across multiple Rollup ecosystems; Streme uses a native streaming token mechanism with streaming staking rewards to provide real-time earnings distribution; Clip enables creators to tokenize and trade creative content, AI-generated works, or digital assets, facilitating continuous circulation and financing of creative value.

Catalog

Key Points Part 1

Market Overview

1. Cryptocurrency total market cap / Bitcoin market share
2. Fear & Greed Index
3. ETF inflow and outflow data
4. ETH/BTC and ETH/USD exchange rates
5. Decentralized Finance ### DeFi ###
6. On-chain data
7. Stablecoin market cap and issuance trends

Part 2. Hot Money Movements This Week

1. Top five VC coins and Meme coins by growth
2. Insights on new projects

Part 3. Industry Updates

1. Major industry events this week
2. Upcoming major events next week
3. Important investments and financing last week

Part 4. Reference Links

Part 1. Market Overview

1. Cryptocurrency Total Market Cap / Bitcoin Market Share

The global cryptocurrency market cap is $3.97 trillion, up from $3.89 trillion last week, a weekly rise of 2.06%.

![] ( https://img-cdn.gateio.im/social/moments-

Data source: Cryptorank
Data as of October 26, 2025

As of press time, Bitcoin’s market cap is approximately $2.29 trillion, accounting for 57.62% of the total crypto market cap. Meanwhile, stablecoins have a market cap of $312 billion, representing 7.87%.

![] ) https://img-cdn.gateio.im/social/moments-a

Data source: CoinGecko
Data as of October 26, 2025

2. Fear & Greed Index

The cryptocurrency Fear & Greed Index is at 39, indicating fear.

![] ### https://img-cdn.gateio.im/social/moments-f

Data source: Coinglass
Data as of October 26, 2025

3. ETF Inflow and Outflow Data

As of press time, the US Bitcoin spot ETF has a total net inflow of approximately $61.98 billion, with $445 million net inflow this week; the US Ethereum spot ETF has a total net inflow of about $14.35 billion, with a net outflow of $244 million this week.

![] ### https://img-cdn.gateio.im/social/moments-b

Data source: Sosovalue
Data as of October 26, 2025

4. ETH/BTC and ETH/USD Exchange Rates

ETHUSD: Current price is $4,170, with a historical high of $4,946, down approximately 15.63% from the high.

ETHBTC: Currently at 0.036298, with a historical high of 0.1238.

![] ( https://img-cdn.gateio.im/social/moments-

Data source: Ratiogang
Data as of October 26, 2025

5. Decentralized Finance ) DeFi (

According to DeFiLlama, the total TVL in DeFi this week is $157.5 billion, up from $152.2 billion last week, a rise of 3.48%.

![] ) https://img-cdn.gateio.im/social/moments-ccfc

Data source: DeFiLlama
Data as of October 26, 2025

By blockchain, the top three chains by TVL are Ethereum, accounting for 63.59%; Solana, 8.37%; and BNB Chain, 6.18%.

![] ### https://img-cdn.gateio.im/social/moments-e

Data source: CoinW Research Institute, DeFiLlama
Data as of October 26, 2025

6. On-Chain Data

Layer 1 Data

Mainly analyzing daily trading volume, active addresses, and transaction fees for major Layer 1 chains including ETH, SOL, BNB, TON, SUI, and APT.

![] ( https://img-cdn.gateio.im/social/moments-

Data source: CoinW Research Institute, DeFiLlama, Nansen
Data as of October 26, 2025

• Daily Trading Volume & Fees: These are core indicators of chain activity and user experience. This week, overall trading volume declined, with only TON rising 16.3%. Sui saw the most significant drop, down 41.5%; Ethereum down 27.8%; Solana down 19.7%; BNB Chain down 7.2%; Aptos remained flat. Transaction fees across networks stayed stable, except Solana, which increased by 200% compared to last week.
• Active Addresses & TVL: Active addresses reflect ecosystem participation and user stickiness; TVL indicates trust in the platform. Aptos performed the best, up 44.4%; Solana increased 1.9%; Ethereum by 3.5%; BNB Chain decreased 5.2%; TON decreased 7.4%; SUI declined the most, by 13%. TVL showed broad growth, with TON increasing significantly by 11.1%, and most other chains growing by approximately 3%–8%.

Layer 2 Data

• According to L2 Beat, Ethereum Layer 2 total TVL is $43.73 billion, up 5.40% from $42.28 billion last week.

![] ) https://img-cdn.gateio.im/social/moments-

Data source: L2 Beat
Data as of October 26, 2025

• Base and Arbitrum hold the leading market shares at 38.26% and 35%, respectively. Base remains the top Ethereum Layer 2 by TVL this week.

![] ### https://img-cdn.gateio.im/social/moments-cab

Data source: Footprint
Data as of October 26, 2025

7. Stablecoin Market Cap and Issuance Trends

According to Coinglass, the total stablecoin market cap is $312 billion. USDT accounts for $182.9 billion (58.6%), USDC for $76.3 billion (24.5%), and DAI for $5.36 billion (1.7%).

![] ( https://img-cdn.gateio.im/social/moments-

Data source: CoinW Research Institute, Coinglass
Data as of October 26, 2025

Whale Alert data shows that this week, USDC Treasury issued an additional 952 million USDC, and Tether Treasury issued an additional 1 billion USDT. The total stablecoin issuance this week is 1.952 billion, down approximately 62.15% from last week’s total issuance of 5.154 billion.

![] ) https://img-cdn.gateio.im/social/moments-e

Data source: Whale Alert
Data as of October 26, 2025

Part 2. Hot Money Movements This Week

1. Top Five VC Coins and Meme Coins by Growth

Top five VC coins by growth in the past week:

![] ### https://img-cdn.gateio.im/social/moments-a

Data source: CoinW Research Institute, CoinMarketCap
Data as of October 26, 2025

Top five Meme coins by growth in the past week:

![] ( https://img-cdn.gateio.im/social/moments-

Data source: CoinW Research Institute, CoinMarketCap
Data as of October 26, 2025

2. Insights on New Projects

• Compose is an Ethereum-based composable layer aiming to address liquidity and fragmentation issues across multiple Rollup ecosystems. It allows developers to deploy dApps once across chains, and users can trade on any chain with a single wallet without multiple deposits.
• Streme is an AI Agent integrating artificial intelligence with DeFi, using a native streaming token mechanism with streaming staking rewards to provide real-time earnings. It also integrates Uniswap v3 liquidity features to enhance capital efficiency and trading depth.
• Clip is a Web3 platform for AI-driven creative financialization, enabling creators to tokenize their works and data assets through blockchain and smart contracts for value confirmation and revenue sharing. It allows creators to tokenize and trade creative content, AI-generated works, or digital assets, facilitating ongoing circulation and financing.

Part 3. Industry Updates

1. Major Industry Events This Week

• BNB Chain’s prediction market service provider Opinion’s mainnet has launched, inviting some core community users for trading. The Opinion mainnet has opened access to whitelist users, with referral and points systems also live.
• Infinex is entering a critical TGE phase, with the team voluntarily locking 20% of the total token supply for 12 months, then releasing linearly over 12 months after unlock. The token code is yet to be determined. The initial phase involves finalizing core products and incentives, including launching Infinex extensions and wallet import features. The second phase will assess product and incentive attractiveness to justify the TGE. The final phase will launch perpetual futures before listing and maximize distribution.
• ShareX has launched Deshare 2.0, upgrading its RWA and DePIN architecture. It also initiated the second phase of Deshare Alliance recruitment, covering 22 countries, 540,000 devices, and over 8 million users.

2. Major Events Next Week

• MegaETH token sale registration runs from October 15 to 27, accepting USDT on the Ethereum mainnet. It may use a fixed upper limit price auction, with a one-year lock-up offering a 10% discount on the final token price.
• Crypto wallet project Vultisig will start TGE on October 27 and go live 24 hours later. Vultisig offers a multi-chain MPC wallet, emphasizing no mnemonic phrases and no single points of failure. Over the past year, it has generated $400,000 in cross-chain exchange fees.
• The 12th Cypherpunk Hackathon organized by Solana Foundation runs until October 30, focusing on six areas: DeFi (hosted by Arcium), RWA (by Forward Industries), Consumer Apps (by Raydium), Stablecoins (by Reflect), Infrastructure (by Triton), and Free Track (by Solana Foundation).

3. Important Investments and Financing Last Week

• Greenlane (NASDAQ: GNLN) completed $110 million in post-IPO strategic financing, led by Polychain Capital, with participation from Blockchain.com, DAO 5, Kraken, and others. Greenlane is a consumer experience brand group specializing in packaging, e-cigarettes, and lifestyle products. (October 20, 2025)
• Crypto investment platform Echo was acquired by Coinbase for approximately $375 million. Founded in 2024, Echo focuses on crypto angel investing and collective funding, enabling investors to co-invest, collaborate, and fund early-stage crypto projects collectively. (October 21, 2025)
• Beam was acquired by Modern Treasury for about $40 million. Founded by Ansible Labs in 2022 and based in the US, Beam specializes in stablecoin payment infrastructure, aiming to enable faster, lower-cost, and smarter global fund flows. It supports cross-border settlement and liquidity management, providing compliant fiat and digital currency conversion services for fintech firms, banks, and consumer platforms. (October 22, 2025)

Part 4. Reference Links

1. Compose
2. Streme
3. Clip
4. Greenlane
5. Echo
6. Beam