Q3 brought several major updates to Avalanche:

> Avalanche9000, the biggest upgrade since mainnet launch, simplified launching Layer 1s and improved liquidity flow between them.

> Retro9000, a $40M gamified testnet experience, was announced to boost developer engagement with Avalanche9000 features.

> The AAA game "Off the Grid" hosted a closed playtest, driving 400,000 transactions from 30,000 players in just one weekend.

> Enterprise adoption grew with the California DMV digitizing 42M vehicle titles, Franklin Templeton launching the Benji Fund, and Grayscale unveiling the AVAX Trust.

Read the full report on Analanche's state on Messari.

Over the past month, the top 10 projects by market capitalization have increased their combined value by 54.6%.

Thanks to the recent surge of interest in XRP, it has surpassed BNB and SOL, climbing from fifth to third place, with its market cap growing from $29.1 billion to $133.8 billion (+358.9%).

TVL in NEAR Protocol's MetaPool has seen steady growth, nearly quadrupling and now closing in on the $200M milestone.

Staking remains a top choice for earning crypto, and NEAR offers abundant opportunities to maximize your rewards.

The number of daily transactions on Ethereum increased by 14.6% over the past month.

The last time the volume exceeded $1.3 million mark was in March 2024.

When will altseason arrive?

Bitwise analysts have presented data showing that altcoins are currently performing more steadily than Bitcoin. 85% of them outperformed Bitcoin over the past 30 days. If interest rates in the U.S. decrease, this could positively impact altcoins' growth and signal the arrival of a new altseason.

Top 10 DEXs by 30-day trading volume over the past month.

Only the rankings of Uniswap, Raydium, PancakeSwap, and Aerodrome remained unchanged.

The TVL of the largest LRTs has once again approached its historical maximum.

ether.fi has become one of the leaders, reaching nearly $10 billion.

The supply of Ethena has doubled since mid-October this year.

The total amount of USDe now exceeds $5 billion. It is now the third-largest stablecoin in the entire market.

Is a major stablecoin rally on the horizon?

Must-Add List of Great Telegram Channels

I've curated a list of 15 channels that I personally follow, each adding significant value to your current reading list.

Make sure to follow them all; these are some of the best channels you'll find on Crypto Telegram.

Follow the list here.

NFT sales volume increased by 34.2% over the past week.

The top collections by market capitalization recently were:
– CryptoPunks: +47.8%
– Pudgy Penguins: +155.4%
– BAYC: +76.8%
– Infinex Patrons: +15.1%
– Azuki: +43%

Pudgy Penguins is drawing special attention as the developers announced the launch of the $PENGU token. Following the news, sales of these NFTs exceeded $26 million this week, taking the top spot. The collection's floor price surpassed 21 ETH, marking a 44% increase in just one week.

The $MOVE FDV exceeded $10 billion.

Currently, the circulating supply market cap stands at $2.3 billion.

Google Trends as a Retail Barometer: Key Insights

The metas of Crypto Twitter, the trending narratives we follow, and our market perceptions differ significantly from the global retail market's view of Web3.

Just how different are they? I've delved into Google Trends to understand how people discover their path to crypto.

Read it here.

Time for a new research dive! Enjoy the read ↓

General
➖ Glassnode: Weekly Top Stories - 12/06
➖ Glassnode: Ethereum All Core Developers Consensus Call #146 Writeup
➖ Glassnode: Ethereum All Core Developers Execution Call #201 Writeup

Market
➖ Coinbase: Weekly: $100,000

DeFi
➖ 4pillars: Huma Finance: Unlocking the Future of Payment Finance
➖ 4pillars: How Can You Not Love Hyperliquid?

Blockchains & networks
➖ Crypto.com: Ethereum Pectra Upgrade

Tokens & currencies
➖ Galaxy: The Rise of Altcoins

Altcoins, especially those that saw significant growth during the past two-month bull rally, experienced sharp declines recently.

If retail traders react fearfully and start selling off their holdings, a rapid price recovery can be expected for assets like TRX, AVAX, DOT, ICP, POL, FIL, and TIA.

Bitcoin's activity peaks during U.S. and European business hours, while Ethereum's transaction volume is more evenly distributed globally, with significant activity during Asian market hours.

Most exchanges overindex towards U.S. trading hours. Coinbase, Gemini, and Crypto.com show the largest bias towards U.S. hours at 36.1%, 57.3%, and 37.1% respectively.

Ethereum is likely to reach a new ATH in this cycle.

There are several reasons for rapid growth:

– A significant net inflow into ETFs: over $305M entered exchanges this week.
– A high probability of an altseason could push Ethereum above $4,500.
– Charts' technical analysis indicates positive price recovery and asset growth.