Gate Research: 2025 October Crypto Market Review

In October 2025, the total cryptocurrency market capitalization exhibited a “rise-then-fall” pattern, reflecting weak market confidence and a stabilizing trend. Driven by the “BTCFi” narrative, Starknet saw new highs in both capital inflows and on-chain activity, with TVL rising from $170 million at the end of September to $245 million. Prediction markets heated up, with Polymarket and Kalshi recording a combined monthly trading volume exceeding $7 billion. Privacy coins made a strong comeback, with ZEC surging more than 440% for the month and leading the rally. On the funding side, the Web3 sector completed 130 deals totaling $5.12 billion, up 28.43% month-over-month, with total capital raised jumping 104.8% — the second-highest level in nearly a year — with funds primarily flowing into DeFi ($2.15 billion) and core infrastructure.

Key Takeaway

• Crypto Market Performance: In October, the total cryptocurrency market capitalization showed a rise-then-fall pattern — climbing from around $4 trillion to above $4.4 trillion at the beginning of the month, then dropping to roughly $3.8 trillion mid-month, before a mild rebound at the end that still failed to recover the initial levels. This reflected weak market confidence and a stabilizing trend.
• Major Public Chain Activity: Among leading blockchains, Solana continued to dominate transaction activity, with an average of 80–100 million daily transactions. Base and Polygon PoS followed with roughly 10 million and 4 million daily transactions, respectively, while Ethereum and Arbitrum maintained relatively stable volumes.
• Trending Ecosystem Developments: Driven by the rise of the “BTCFi” narrative, Starknet saw significant increases in both capital inflows and on-chain activity. Its TVL surged from $170 million at the end of September to $245 million, indicating growing ecosystem momentum and strengthening market confidence.
• Funding & Security Incidents: The Web3 industry recorded 130 funding deals in October totaling $5.12 billion, representing a 28.43% month-over-month increase and a 104.8% surge in total capital raised, marking the second-highest level in nearly a year. Capital primarily flowed into “innovative finance and infrastructure,” with DeFi leading at $2.15 billion, surpassing blockchain services and CeFi, while application-layer projects experienced a decline in interest.

Discover more details today → Gate Research: 2025 October Crypto Market Review

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 Ekibi
17 Kasım 2025

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