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This report summarizes the Web3 funding landscape in October 2025. In October, a total of 130 deals were completed, with $5.12 billion raised, representing a 104.8% month-over-month surge, the second-highest level in the past year. Funding was primarily driven by strategic rounds, which accounted for over 70% of the total, fueled by the explosion of the prediction market Polymarket and the accelerated integration of CeFi and TradFi. By sector, DeFi led with $2.15 billion, reflecting concentrated capital flows toward innovative financial applications. In terms of funding structure, projects in the $3M–$10M range accounted for nearly one-third of rounds, while projects under $1M represented only 5.9%, marking a recent low. The report also highlights key funded projects, including Orochi Network, KapKap, Voyage, TBook, and Lava.

Last week, the crypto market came under pressure from both government shutdown concerns and DeFi security incidents. Mainstream coins continued to decline, while only a few altcoins bucked the trend and posted gains. SOON surged over 195.63% last week, emerging as the standout token. WorldChain saw significant increases in activity and capital inflows, becoming a highlight in multi-chain rotation. Regulators are actively promoting the launch of leveraged spot crypto products, which could go live as early as the end of the year. Gate has rolled out a decentralized Web3 Launchpad, pushing token issuance toward fully on-chain deployment.

Gate Research Daily Report: Bitcoin rebounded from the $100,000 support level, forming a bullish trendline around $104,000. Ethereum stabilized and bounced back from the $3,200 zone after experiencing a major liquidity shock. A centralized exchange listed the SEAM/USDT trading pair, expanding trading channels and driving SEAM up 74.17% within 24 hours. WLFI rose 18.75% in 24 hours, supported by an improving macro environment, political tailwinds, and technical momentum. The Ethereum Foundation launched the dAI team’s 2026 roadmap, reinforcing market focus on the AI+Web3 narrative. Meanwhile, the Senate approved a bill to end the government shutdown, potentially concluding the longest shutdown in history.

Gate Research Daily Report: On November 10, BTC stabilized around $103,000 before accelerating upward, reaching a short-term high of $106,683; ETH found support near $3,480 and initiated a new upward leg, hitting a short-term high of $3,658. ORE’s single-day revenue surpassed $1 million, with the V2 protocol igniting a Solana mining frenzy; x402 protocol’s ecosystem transaction volume plummeted 90% within half a month; Filecoin partnered with Avalanche to build a native cross-chain data bridge, accelerating the deployment of modular infrastructure.

Gate Research Daily Report: On November 10, BTC stabilized around $103,000 before accelerating upward, reaching a short-term high of $106,683; ETH found support near $3,480 and initiated a new upward leg, hitting a short-term high of $3,658; GT is currently consolidating around $12.29. Additionally, COTI (+55.38%), RESOLV (+36.09%), and 1INCH (+11.8%) led the market gains, highlighting that DeFi and privacy sectors are once again attracting capital. ORE’s single-day revenue surpassed $1 million, with the V2 protocol igniting a Solana mining frenzy; x402 protocol’s ecosystem transaction volume plummeted 90% within half a month; Filecoin partnered with Avalanche to build a native cross-chain data bridge, accelerating the deployment of modular infrastructure.

In October 2025, Layer2 and high-performance blockchains saw a rebound in activity, while on-chain structures remained differentiated. Arbitrum led the trend, with transaction volume up over 34% and more than $1 billion in net inflows driven by DRIP incentives and asset tokenization, solidifying its position as the leading Layer2 network. Starknet rose on the back of the BTCFi narrative, attracting a steady return of capital and users. Bitcoin entered a technical correction after retreating from its highs, with short-term positions stabilizing and long-term holders resuming accumulation, indicating a market rebalancing phase. Polymarket gained momentum with its narrative of merging prediction markets and traditional finance, surpassing $2.7 billion in monthly trading volume, while Humanity Protocol focused on “AI + DID” and zero-knowledge identity verification, with its token $H up over 300% in the past month, becoming a leading project in the decentralized identity sector.

Gate Research Daily Report: BTC’s technical rebound has stalled, with the short-term trend remaining weak; ETH’s recovery lacks momentum, and its upside is capped by short-term moving averages. Privacy-focused protocols continue to see record transaction volumes, driving RAIL up by 30.6%. Decred has achieved a complete on-chain governance and privacy mechanism loop, with DCR rising 19.89% over the past 24 hours. zkSync released its token proposal, sending ZK up about 11.62% in 24 hours. Balancer issued a preliminary report on the recent attack, revealing that a rounding logic error was exploited. Monad’s mainnet is set to launch on November 24, and the MON token claim window has now closed.

Gate Research Weekly Report: BTC’s technical rebound has stalled, with short-term momentum remaining weak; ETH’s recovery also lacks strength, as its rebound is constrained by short-term moving averages. Balancer released a preliminary report on its recent exploit, confirming that a rounding logic error was exploited. Monad’s mainnet is set to launch on November 24, with the MON token claim window now closed. BTC spot ETF flows have turned positive, signaling a brief recovery in market sentiment. The total cryptocurrency spot market capitalization rebounded to $3.45 trillion, with overall market sentiment showing short-term stabilization.

On November 5, the cryptocurrency market continued its correction, with overall sentiment turning fearful. BTC fell 5.72% to 99,875 USDT, breaking below the psychological threshold and entering a weak consolidation range, while ETH extended its decline by 10.82%, losing support at $3,200. Despite the market pressure, tokens such as AIA (+140.04%), JELLYJELLY (+27.56%), and CUDIS (+47.25%) rose against the trend, standing out as bright spots in a bearish market. In the news, Bitcoin’s long-position funding rate has dropped by about 62% from its August peak, indicating cooling leverage demand; Ripple acquired Palisade to strengthen its enterprise custody infrastructure; and Forward Industries launched a $1 billion share repurchase plan and filed a PIPE resale supplement, helping to restore market confidence.

Last week, DASH surged over 67%, standing out as the top-performing token. TRUMP and ICP also posted gains of 24.85% and 16.70%, respectively, rising against the short-term market trend. Benefiting from simultaneous performance upgrades and ecosystem expansion, Starknet delivered the strongest performance, attracting net inflows of over $100 million in a single week, making it a new hotspot for capital. Meanwhile, heightened narrative attention combined with tightening regulations has once again positioned privacy assets as a hedge for "censorship resistance and asset sovereignty". The privacy token sector has regained market focus, with ZEC soaring over 190% in the past month, leading gains in the privacy track.

Gate Research Daily Report: Expectations for future rate cuts faced headwinds, leading to a pullback in risk assets. Bitcoin dipped to a low of $105,312, with a single-day decline exceeding 2.5%. Ethereum is also in a corrective phase, with both price action and market sentiment leaning bearish. The privacy coin sector rose roughly 15%, led by Decred, which surged 68.28% within 24 hours. The Unite governance proposal eased short-term selling pressure and reinforced long-term growth orientation, driving UNITE up 146.18% in 24 hours. Meanwhile, FTSE Russell announced a partnership with Chainlink to bring its indices and market data on-chain, and Donut Labs completed a $15 million seed round, advancing the deployment of AI-powered crypto trading terminals.

Gate Research Daily Report: : On November 3, BTC showed a generally weak and volatile trend, fluctuating around $108,900. ETH, after briefly consolidating above $3,850, dipped again to around $3,790, displaying a gradual downward movement. GT, following a short rebound, came under renewed pressure and is currently consolidating near $12.90. Meanwhile, BEAT became the market focus with a remarkable +58.90% surge.In broader market developments, decentralized exchange trading volume in October hit an all-time high of $613.3 billion. ARK Invest expanded its crypto holdings to $2.15 billion, while Tether reported over $10 billion in net profit for the first nine months of the year and launched both a share buyback program and an investment fund license application.