Hyperliquid’s $HYPE token now trades at a Supply-Weighted P/E ratio of 2.25–2.50 — the lowest this year.
Given the protocol’s strong earnings, this might signal undervaluation. SWPE adjusts for effective token float, making it a more accurate valuation tool in crypto.
Given the protocol’s strong earnings, this might signal undervaluation. SWPE adjusts for effective token float, making it a more accurate valuation tool in crypto.
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Lighter saw massive inflows after moving to mainnet following 8 months in private beta.
Even with last week’s crash and heavy withdrawals, it’s holding the $1B TVL line.
Even with last week’s crash and heavy withdrawals, it’s holding the $1B TVL line.
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Forward Industries, a new Solana treasury player, led NAV growth after a $1.65B PIPE round.
They closed Q3 with $1.4B in NAV and 6.8M SOL. DeFi Development Corp and Upexi followed with 3x+ NAV growth, reflecting growing institutional momentum on Solana.
They closed Q3 with $1.4B in NAV and 6.8M SOL. DeFi Development Corp and Upexi followed with 3x+ NAV growth, reflecting growing institutional momentum on Solana.
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DEX volumes on Base are climbing steadily, now exceeding $1.8B daily.
Impressive traction for a relatively young ecosystem.
Impressive traction for a relatively young ecosystem.
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Aave Horizon’s RWA market just topped $360M, cementing tokenized assets in the heart of DeFi.
It enables institutions to borrow stablecoins against RWAs, while offering stable yield opportunities to liquidity providers.
It enables institutions to borrow stablecoins against RWAs, while offering stable yield opportunities to liquidity providers.
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Sei Network’s daily active users are up 118% YTD, consistently staying near the 1M mark since August.
That’s a clear signal of sticky user engagement, even in a volatile market.
That’s a clear signal of sticky user engagement, even in a volatile market.
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Polygon has solidified its position as a go-to network for payment solutions — combining low fees, fast settlements, and a developer-friendly environment.
In Q3, payments-focused apps on Polygon PoS processed $1.82B in transfers across 50+ platforms, a 49.2% QoQ increase.
In Q3, payments-focused apps on Polygon PoS processed $1.82B in transfers across 50+ platforms, a 49.2% QoQ increase.
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GEODNET’s network has grown rapidly from 10K stations in November 2024 to over 17K across 147 countries by September 2025.
It now stands as the world’s largest RTK network by station count and coverage, serving roughly 25K devices and 18K unique users daily.
It now stands as the world’s largest RTK network by station count and coverage, serving roughly 25K devices and 18K unique users daily.
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Forwarded from Ranked+ | Cards
• Tether is building Plasma — a dedicated chain for ultra-fast, low-cost USDT transfers
• Circle is launching ARC this fall — a new open Layer 1 blockchain
• Stripe is creating Tempo — its own payment‑focused Layer 1 for stablecoins
• JPMorgan is rolling out an intraday repo platform on Kinexys
• MetaMask will announce its own stablecoin mUSD this week
This time, draw your own conclusions
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Stablecoins are the narrative of the moment.
When restaking was in the spotlight, most of Pendle’s TVL came from ETH-based staking assets. As BTCFi gained momentum, Pendle adapted fast — shifting a major share of its TVL toward Bitcoin assets.
When restaking was in the spotlight, most of Pendle’s TVL came from ETH-based staking assets. As BTCFi gained momentum, Pendle adapted fast — shifting a major share of its TVL toward Bitcoin assets.
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Will the last week of October be a spooky one for crypto? 🎃 Find out in our new research ↓
General
➖ CoinShares: Digital asset fund flows | October 27th 2025
➖ CoinGecko: CoinGecko Orderly Report
➖ Galaxy: Weekly Top Stories - 10/24/25
Market
➖ Cryptorank: Do Buybacks Work in 2025?
➖ CoinShares: Market update - October 24th, 2025
➖ CoinShares: Equities update | October 27th 2025
➖ Coinbase: Weekly: How to outperform a rock
➖ Binance: Weekly: Trade War Tapers, BNB Chain Headstrong, IBIT Growth Outpaces Gold ETFs
➖ Glassnode: BTC Market Pulse: Week 44
➖ Galaxy: Markets Turn Cautious: Liquidity, Volatility, and Tensions
DeFi
➖ 4pillars: Avantis: Is the Onchain Robinhood the Final Chapter for Perpetual DEXs?
Blockchains & networks
➖ DL Research: The Price of a Council Seat - The Blockful Vote-Buying Case
➖ The Defiant: Redesigning DeFi: Why Sui's Architecture Demands a New DEX Paradigm
➖ Galaxy: Solana’s Next Chapter: Laying the Foundation of Internet Capital Markets
Tokens & currencies
➖ DL Research: Katana’s vKAT: Taking veTokenomics chain-wide
➖ DL Research: The End of Gas Tokens: Stablecoins Are Becoming the Operating System of Blockchain
General
➖ CoinShares: Digital asset fund flows | October 27th 2025
➖ CoinGecko: CoinGecko Orderly Report
➖ Galaxy: Weekly Top Stories - 10/24/25
Market
➖ Cryptorank: Do Buybacks Work in 2025?
➖ CoinShares: Market update - October 24th, 2025
➖ CoinShares: Equities update | October 27th 2025
➖ Coinbase: Weekly: How to outperform a rock
➖ Binance: Weekly: Trade War Tapers, BNB Chain Headstrong, IBIT Growth Outpaces Gold ETFs
➖ Glassnode: BTC Market Pulse: Week 44
➖ Galaxy: Markets Turn Cautious: Liquidity, Volatility, and Tensions
DeFi
➖ 4pillars: Avantis: Is the Onchain Robinhood the Final Chapter for Perpetual DEXs?
Blockchains & networks
➖ DL Research: The Price of a Council Seat - The Blockful Vote-Buying Case
➖ The Defiant: Redesigning DeFi: Why Sui's Architecture Demands a New DEX Paradigm
➖ Galaxy: Solana’s Next Chapter: Laying the Foundation of Internet Capital Markets
Tokens & currencies
➖ DL Research: Katana’s vKAT: Taking veTokenomics chain-wide
➖ DL Research: The End of Gas Tokens: Stablecoins Are Becoming the Operating System of Blockchain
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By the end of Q3, 123 active delegates were securing the IoTeX Layer 1.
Over 3.6B IOTX ($77.5M) was staked — a modest 1% rise QoQ. Animoca Brands led with 5.87% of voting power, ahead of IoTeXLab and Binance Staking.
Over 3.6B IOTX ($77.5M) was staked — a modest 1% rise QoQ. Animoca Brands led with 5.87% of voting power, ahead of IoTeXLab and Binance Staking.
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The last sales on Legion and Nozomi printed great returns.
Tria is the next one, launching on Nov 3, and for this sale I have something exclusive I managed to get for my community – a guaranteed allocation route.
Here's my report on Tria + how you get a guaranteed allo in the upcoming sale.
Reposts are welcome!
Tria is the next one, launching on Nov 3, and for this sale I have something exclusive I managed to get for my community – a guaranteed allocation route.
Here's my report on Tria + how you get a guaranteed allo in the upcoming sale.
Reposts are welcome!
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Retail traders are loudly calling for “buying the dip” again — historically, that’s when another leg down follows.
The best dips usually come when optimism fades and fear takes over — right before the next big rally begins.
The best dips usually come when optimism fades and fear takes over — right before the next big rally begins.
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The global stablecoin market cap surged by 18% in just three months from $254B in late July to $300B by October.
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BUIDL supply on Ethereum has plunged from $2.49B to $991M after Ethena and Anchorage moved 82% of USDtb’s collateral, $1.5B, off-chain to Aptos, Polygon, and Avalanche, splitting it evenly across the three.
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