Binance reports that total hedging in DeFi fell by 4.85%, but stablecoin market capitalization rose by 3.54%.
2025-11-13 12:36:53
Binance released a monthly report that the total market capitalization of the crypto market fell by 6.1% in October 2025, marking the first "red October" since 2018. It was mainly affected by the large-scale deleveraging event on October 10, which erased more than $19 billion of positions. Bitcoin market share rose to 59.4%, while Ethereum fell slightly to 12.6%. BNB performed well, rising 6.2%, benefiting from the expansion of the ecosystem; while most mainstream tokens such as SOL, XRP and ADA all saw double-digit declines. DeFi total lock-up decreased by 4.85%, but stablecoin market capitalization increased by 3.54%. NFT market trading volume increased by 11.5%, with Base chain performing prominently. Looking ahead to November, the Federal Reserve may end quantitative tightening in December, and the improvement of Sino-US trade relations may bring new optimism to the market.
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