The crypto market had a strong Q3 in 2025, with a 16.4% increase in total market capitalization to $4 trillion. CoinGecko’s report highlighted a surge in liquidity, institutional inflows, and trading activity, with average daily trading volume up 43.8% to $155 billion.

Stablecoins saw a market cap increase of 18.3% to $287.6 billion, with Ethena’s USDe gaining 177.8% to $9.4 billion. DeFi also saw a comeback, with TVL rising 40.2% to $161 billion and market cap reaching $133 billion alongside Ethereum’s price surge.

ETH rose 68.5% in Q3 to $4,215, hitting an all-time high of $4,946 in August. BNB reached a new high of $1,048 and ended at $1,030, with plans to break $1,300 in October. CEXs saw a 31.6% increase in quarterly spot volumes to $5.1 trillion.

Perp DEXes had a trading volume increase of 87% to $1.8 trillion in Q3, with Hyperliquid leading the way with a 54.6% market share. Aster, Lighter, and edgeX are emerging challengers in the space.

Read more at Yahoo Finance: Crypto Market Cap Hit Highest Levels Since 2021 in Q3: CoinGecko