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Crypto Digest 52 (October 2025)

Navigating the latest trends and innovations

News

A fleeting narrative or a disruptor of the NFT market

Internet of Energy provider OpenVPP launched its World dApp

Users can mint a Base NFT to track their cars' charges or refuels. World dApp brings your vehicle onchain by turning it into a Base NFT. Using the same connectivity as your vehicle's mobile phone app, OpenVPP updates the chain every time your car charges or fills up on gas. Drivers of gas cars can view their potential electric savings and electric car drivers can track charging statistics.

As more and more vehicles connect, OpenVPP will begin to offer charging programs coordinated with electric utilities, creating a global Virtual Power Plant.

GONDI's New Record

The NFT lending platform announced that its protocol had reached 300 CryptoPunks in active loans, a new all-time high for the project.

Early this month, GONDI launched it's ’s 1st non-ETH integration on HyperEVM, bringing its full NFTfi stack to Hyperliquid with support for HYPE and USDC loans.

Total Value Locked (TVL) represents the aggregate value of assets (in USD) held in smart contracts of all the protocols on each chain

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Active addresses represent the number of unique addresses that initiated at least one transaction during the month on each chain

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DEX volume represents the total spot trading volume (in USD) associated with decentralized exchange protocols on each chain.

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NFT volume represents the total trading volume (in USD) associated with NFT marketplaces on each chain

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Stablecoin volume represents the aggregate value (in USD) of all on-chain transfers of stablecoins on each chain.

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ETF flows represent the monthly net flows (in USD) into the Bitcoin and Ethereum ETFs

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Startup funding rounds represent the number of cryptocurrency and blockchain-related companies raising money from venture capital investors during the month.

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The blockchains that founders say they are — or are interested in — building on. Sized based on the relative number of builders in each ecosystem. 

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A breakdown of the areas in which projects are building

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Santiment

Volatility increased in October, while open interest dropped.

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Top crypto metrics in October 2025

The net capital inflows and outflows for cryptocurrency Exchange-Traded Funds (ETFs) 

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the net capital inflows and outflows for cryptocurrency Exchange-Traded Funds (ETFs)

CoinMarketCap updated its process to more effectively identify and exclude these low-value, inactive, or spam tokens from its main count, 

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Cryptocurrencies by Chain in October 2025

so now Cryptocurrencies Tracked by CoinMarketCap

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Total Tracked cryptocurrencies in October 2025

Indices

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CoinMarketCap 100 Index in October 2025
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CMC Altcoin Season Index in October2025

According Defillama, an indexes protocols' TVL is $1,157B.

Top 10 indexes protocols by revenue in October 2025.

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Top 10 indexes protocols by revenue in October 2025

Check out the new member - Mantle Index Four Fund (MI4)

This fund offers diversified exposure to leading cryptocurrencies by tracking a market-cap-weighted index, including assets like BTC, ETH, SOL. It allows investors to access broad crypto beta without managing wallets or selecting individual assets. The portfolio is rebalanced quarterly and includes a fixed USD allocation, while the remaining assets are weighted by market cap within set limits. Enhanced yield potential is achieved through the use of staked instruments such as mETH, bbSOL, and sUSDe. Structured for institutional investors, the fund features traditional administration, a 1% management fee, and simplified access to digital assets and stablecoins

CeFi index is the leader by ROI last month on SoSoValue.

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CeFi index is the leader by ROI last month on SoSoValue

CeFi index constituent currencies. It's noteworthy that HYPE was excluded from the index.

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CeFi index constituent currencies

Coins that are used most frequently in recently created indices on Indexy

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Coins that are used most frequently in recently created indices on Indexy

Mindshare

Sectors & subsectors by Mindshare in October 2025, according Messari.

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Sectors by Mindshare in October 2025

Major Reasons for the Mindshare Spike in the CeFi:

  • Binance founder Changpeng Zhao (CZ) received a full presidential pardon from Donald Trump, closing his federal case related to anti-money laundering violations.

  • The BNB Chain experienced a significant surge in activity and popularity, with some calling it "BNB season".

  • Increased Competition from Traditional Banking. The rivalry between traditional banks and cryptocurrency exchanges (CeFi/CEX) intensified, with banks increasingly entering the crypto space. This competition forces exchanges to innovate and enhance user experience and regulatory compliance to maintain their market share against more integrated and regulated banking offerings.

  • Recovery in Crypto Lending Market. While CeFi loan volumes remain about 40% below their 2021 peak, CeFi is expected to persist alongside Decentralized Finance (DeFi) because institutional clients prefer regulated, licensed lenders.

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SubSectors by Mindshare in October 2025

Major Reasons for the Mindshare Spike in the Web Wallets Sub-Sector:

  • Anticipation of Major Wallet Airdrops MetaMask ($MASK), Rainbow Wallet ($RNBW), Rabby Wallet ($RABBY).

  • The overall "airdrop season" is heating up, with projects like Monad ($MON) implementing innovative direct-to-wallet distribution mechanisms to eliminate the traditional claim process and associated security risks.

  • Evolution into Real-World Utility and Financial Hubs. Bitget Wallet is leading this trend, having launched the Bitget Wallet Card in Asia-Pacific markets on October 15, 2025.

  • Focus on Next-Generation Security and Usability. Vultisig introduced a novel security approach with its seedless, "unphishable" multi-factor wallet design, eliminating recovery phrases in favor of multi-device security.

  • The integration of Solana support into the Uniswap Web App allows users to connect Solana wallets and swap tokens directly, reducing fragmentation between the Ethereum and Solana ecosystems and simplifying cross-chain DeFi access. 

Crypto venture rounds

According funding.decentralised.co 

  • Total funding: $696.1M (+12% vs prev. 30d)

  • Number of Deals (30d): 42 (-11% vs prev. 30d)

  • Average Deal Size (30d): $18.8M (+21% vs prev. 30d)

Argentina ranks among the top three countries investing in crypto assets.

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Crypto venture rounds in October2025

All digests