Gate Research: Stablecoin Supply Expanded Moderately in September, Broad-Based Rebound Continued

Key Takeaways:

• Market Review: In September 2026, the crypto market continued to advance, building on the recovery seen in August. Total market capitalization rose from approximately $2.72T on September 1 to around $2.94T on September 30, representing a monthly gain of approximately +8.22%. Among major assets, BTC gained +6.48% for the month, while ETH rose +8.55%. NEAR (+154.66%) and ARB (+86.06%) also posted strong gains, as capital broadened into Layer 1 ecosystems, DeFi, interoperability infrastructure, and small- and mid-cap assets.

• Market Cap Rankings: Among the Top 500 cryptocurrencies, 369 posted gains and 96 declined in September, with an average return of +29.79% and a median return of +13.46%. The median return remained positive for the second consecutive month and increased further, indicating that the breadth of the rebound continued to improve. The top performers were led by assets across Solana launchpads/RWA, AI applications, institutional-grade interoperability, and small- and mid-cap ecosystems. STONK (+1,456.56%) and ORBIO (+991.92%) ranked among the strongest performers.

• Volume Expansion: Among valid samples in September, the average trading volume expansion was approximately 2.43x, with a median of 0.95x. Over the month, 55 tokens recorded volume increases of more than 3x, 32 exceeded 5x, and 14 surpassed 10x. The combination of rising prices and expanding trading volumes emerged as one of the clearest structural signals of the month. VTHO (181.47x) and QNT (82.94x) stood out at the top of the volume expansion rankings.

Discover more details today → Gate Research: Stablecoin Supply Expanded Moderately in September, Broad-Based Rebound Continued

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
October 9, 2026

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