Solana trades around $185 while maintaining key support levels as on-chain metrics show 37% stablecoin inflow growth and 45% NFT marketplace volume increase in Q3. Hong Kong’s approval of a Solana ETF marks the first non-Bitcoin/Ethereum crypto ETF in Asia, potentially influencing future U.S. regulatory decisions.
Decentralized perpetual futures trading volume exceeded $1 trillion in October with a week remaining in the month, shattering August’s $762 billion record. Hyperliquid leads with $317.6 billion, followed by Lighter, Aster, and edgeX as decentralized exchanges capture growing market share from centralized competitors.
A new report forecasts blockchain payment volume will surge to $3 trillion annually by 2025, driven by plummeting transaction fees and soaring network speeds. This growth is fueled by the maturation of Layer-2 scaling solutions and stablecoin adoption.
DeFiLlama has removed Aster Protocol’s perpetual trading volume data from its platform due to concerns about the accuracy and legitimacy of the reported figures.
XRP holders are rapidly adopting mXRP, the first native liquid staking token for the XRP ecosystem, with vaults reaching nearly $20 million in locked assets within days of launch. This development highlights growing demand to unlock DeFi utility for previously dormant XRP holdings.
DeFi protocol Mutuum Finance has secured $16.2 million in its presale with over 16,500 holders, preparing to launch with a functional beta platform and dual lending markets. The MUTM token price has climbed 250% from initial offering to current $0.035, targeting $0.06 at launch.
DeFi Development Corp has purchased $77 million worth of Solana tokens, adding 407,247 SOL to its treasury and bringing total holdings to 1.83 million SOL valued at approximately $371 million.
21Shares has launched Europe’s first institutional Hyperliquid ETP on the SIX Swiss Exchange, providing regulated access to the HYPE token as the DeFi derivatives platform processes over $8 billion in daily trading volume.
Dogecoin’s 5% decline coincides with growing whale interest in Mutuum Finance (MUTM), a DeFi lending platform currently in presale phase 6 that has raised over $15 million from more than 15,720 investors.
Cardano investors are exploring Ethereum DeFi alternatives as ADA consolidates below $1, with Mutuum Finance raising $14.7 million in its presale at $0.035 per token. The decentralized lending platform offers peer-to-peer and smart contract-based lending services while implementing security measures including a $50,000 bug bounty program.
