Gate Research Institute: A Review of the Crypto Assets Market in October 2025

Summary

• Cryptocurrency Market Performance: In October, the total market value of cryptocurrencies first rose and then fell, increasing from about $4 trillion at the beginning of the month to above $4.4 trillion, then dropping back to about $3.8 trillion in the middle of the month, with a slight rebound at the end of the month but not returning to the initial level, indicating insufficient market confidence and stabilizing trends.

• Major public chain data analysis: Solana maintains a leading position in transaction volume among major public chains, with an average daily transaction count of around 80 million to 100 million. Base and Polygon PoS follow closely behind, with average daily transaction volumes of approximately 10 million and 4 million, respectively, while the transaction volumes of Ethereum and Arbitrum remain relatively stable.

• Hot Project Trends: With the rise of the “BTCFi” narrative, Starknet's net capital inflow and on-chain activity have both reached new highs for the stage. Starknet's TVL has risen from $170 million at the end of September to $245 million, with ecological enthusiasm and market confidence rising in sync.

• Financing and Security Events: The Web3 industry completed 130 financing rounds, totaling $5.12 billion, a month-on-month increase of 28.43%, with a significant increase of 104.8%, marking the second highest in nearly a year. Funds mainly flowed into “innovative finance and underlying infrastructure,” with DeFi leading with a financing amount of $2.15 billion, surpassing blockchain services and CeFi, while the enthusiasm for application layer projects has significantly declined.

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