Crypto Market Recap Q3, 2023 📊🔎
CryptoRank's team has collected the most significant market events and trends that are worth noting from the 3rd quarter of 2023.
In this recap, we explore the current state of the cryptocurrency market, significant events, and insightful data.
👉 https://cryptorank.io/insights/market-recaps/crypto-market-recap-q3-2023
Top 10 NFT Marketplaces by Volume in September 📊
Blur leads, followed by OpenSea, Immutable X Marketplace, and Magic Eden
👉https://cryptorank.io/tags/marketplace
📈Market Overview
Bitcoin price trades below $28K. The top-10 cryptos are traded in different directions:
Cardano +0.13%
XRP -1.55%
Solana -1.49%
Market capitalization: $1.20T (-0.1%)
The BTC dominance: 45.22% (-0.2%)
Fear & Greed Index: 50 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Bancor (BNT) +42.8%
Storj (STORJ) +14.7%
StarLink (STARL) +13.6%
👉 Recent Funding Rounds
Ostium Labs $3.5M funding round with participation from Balaji Srinivasan and General Catalyst
Hadean strategic funding round with participation from Yuga Labs
Phaver $7M seed round with participation from Polygon Ventures
BTC Futures
Aggregated Volume — $9.1B
Aggregated Open Interest — $12.4B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin price trades below $28K. The top-10 cryptos are traded in red zone:
Cardano -1.71%
BNB -0.82%
Solana -0.67%
Market capitalization: $1.20T (-0.17%)
The BTC dominance: 45.31% (+0.26%)
Fear & Greed Index: 50 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Orbs (ORBS) +44.2%
XYO (XYO) +27.9%
Loom Network (LOOM) +14.3%
👉 Recent Funding Rounds
Ostium Labs $3.5M funding round with participation from Balaji Srinivasan and General Catalyst
Hadean strategic funding round with participation from Yuga Labs
Phaver $7M seed round with participation from Polygon Ventures
BTC Futures
Aggregated Volume — $9.2B
Aggregated Open Interest — $8.9B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin price trades around $27.9K. The top-10 cryptos are traded in green zone:
Solana +2.77%
Bitcoin +1.43%
Ethereum +1.14%
Market capitalization: $1.21T (+1.2%)
The BTC dominance: 45.16% (+0.3%)
Fear & Greed Index: 49 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Stratis (STRAX) +52.4%
StarLink (STARL) +39.8%
Alpaca Finance (ALPACA) +24.6%
👉 Recent Funding Rounds
Ostium Labs $3.5M funding round with participation from Balaji Srinivasan and General Catalyst
Hadean strategic funding round with participation from Yuga Labs
Phaver $7M seed round with participation from Polygon Ventures
BTC Futures
Aggregated Volume — $31.1B
Aggregated Open Interest — $9.1B
👉 Derivatives Market Analytics
Top 15 Projects by 30D Revenue
friend.tech leads, followed by Maker DAO, dYdX, and Lido
👉 https://cryptorank.io/performance
The Latest Breaking News 📣
— SUI Foundation is redirecting 117M SUI from external market makers to growth initiatives
— L1 blockchain Xion that uses USDC for transactions opens public testnet
— Ledger will lay off 12% of its workforce
— Kraken set to acquire Dutch exchange BCM, eyes European expansion
— JPMorgan: Ethereum has become 'more centralized' with staking surge
👉 https://cryptorank.io/news
Top 15 Projects BY TVL Growth in Q3 2023
Spark leads, followed by Binance BETH and Morpho Aave V3.
👉 https://cryptorank.io/categories/defi
Best Performing IDOs of Q3 2023 by Current ROI
SophiaVerse leads, followed by DexCheck, Sabai Ecoverse, and Solidus.
👉 https://cryptorank.io/ico
📈Market Overview
Bitcoin price trades near $27.6K. The top-10 cryptos are traded in different directions:
Bitcoin +0.6%
XRP -1.46%
Solana -0.66%
Market capitalization: $1.2T (+0.18%)
The BTC dominance: 45.04% (+0.46%)
Fear & Greed Index: 48 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Loom Network (LOOM) +31.5%
Evadore (EVA) +30.3%
STP Network (STPT) +25%
👉 Recent Funding Rounds
Blackbird $24M Series A round led by Andreessen Horowitz (a16z)
ParaFinance $5M seed round led by OKX Ventures
Toncoin funding round with participation from MEXC Ventures
BTC Futures
Aggregated Volume — $19.5B
Aggregated Open Interest — $8.9B
👉 Derivatives Market Analytics
TVL Performance on Multiple Networks in Q3 2023
The combined total value locked on all blockchains declined in the third quarter of 2023. Flare leads in terms of quarterly TVL change, followed by Sui, FunctionX, and StarkNet.
👉 https://cryptorank.io/categories/chain
The Latest Breaking News 📣
— SEC’s motion to appeal loss in Ripple case Is denied
— Ripple says Singapore license formally approved
— Jump Trading lost more than $200M in FTX collapse
— Ethereum Layer 2 StarkWare delays first token unlocks to April 2024
— Canadian exchange TMX soon to start Bitcoin Futures Trading
👉 https://cryptorank.io/news
Top-10 Blockchains by Comulative Daily Transactions in September
Solana leads, followed by Tron, BNB Chain, and Polygon.
👉 https://cryptorank.io/categories/chain
📈Market Overview
Bitcoin price corrected to $27.5K. The top-10 cryptos are traded in red zone:
Ethereum -3.49%
Dogecoin -1.96%
Bitcoin -1.98%
Market capitalization: $1.2T (-1.92%)
The BTC dominance: 44.76% (-0.03%)
Fear & Greed Index: 50 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Evadore (EVA) +38%
Bitcoin SV (BSV) +12.2%
League of Kingdoms (LOKA) +12.1%
👉 Recent Funding Rounds
Supra $24M funding round with participation from Coinbase Ventures and Animoca Brands
Rated $12.89M Series A round led by Archetype Ventures
IYK $16.8M Seed funding round led by Andreessen Horowitz (a16z)
BTC Futures
Aggregated Volume — $37.4B
Aggregated Open Interest — $8.6B
👉 Derivatives Market Analytics
Account Abstraction Adoption Overview 📊
Account abstraction (ERC-4337) enables blockchain users to create non-custodial wallets as programmable smart contracts, commonly referred to as Smart Accounts.
Among various blockchains that support ERC-4337, Polygon, Arbitrum, and Optimism have the highest number of smart account addresses, surpassing other platforms significantly.
In terms of transaction number, Polygon and Avalanche were the most actively used blockchains in September. They recorded the highest number of transactions made by smart accounts this month.
👉 https://cryptorank.io/categories/chain
Crypto News Weekly Recap #171 📣
— SBF’s fate in FTX fraud trial to be decided by jury of 12 everyday people
— Grayscale moves to convert its Ethereum Trust to a Spot ETH ETF
— SEC’s motion to appeal loss in Ripple case Is denied
— Ethereum Layer 2 StarkWare delays first token unlocks to April 2024
— Web3 platform Galxe was hit by DNS attack on front-end website
— L1 blockchain Xion that uses USDC for transactions opens public testnet
— FTX used random numbers to generate the size of its insurance fund
— About $40M were withdrawn from Hegic development fund address, possibly due to a private key leak
👉 https://cryptorank.io/news
Top 10 Gainers of the Week 📈
$STARL +44.4%
$BNT +40.1%
$DNX +34.1%
$STRAX +31.8%
$TWT +29.6%
$BAKE +26.3%
$LOOM +26.1%
$BAD +22.9%
$ZRX +22.4%
$ORBS +22.2%
👉 https://cryptorank.io/performance
Top 7 Token Unlocks of the Upcoming Week
The following tokens with the largest unlock amount will be unlocked next week:
- Filecoin ($28.9M)
- Aptos ($24.1M)
- STEPN ($16.9M)
- Sei ($14.6M)
- Synthetix ($6.57M)
- CyberConnect ($6.24M)
- Games For A Living ($5.71M)
👉 https://cryptorank.io/token-unlock
🚀 The 10 Most Popular IDO Platforms on CryptoRank in September
ChainGPT Pad leads, followed by DAO Maker, Seedify, and Poolz.
👉https://cryptorank.io/fundraising-platforms
DeFi Landscape Overview
Liquid Staking is the dominant DeFi category with $20B TVL. The new DeFi trend, RWA, showed a TVL increase of 84.6% over the past 30D.
TVL in DeFi remains highly concentrated on Ethereum ($55B TVL).
👉 https://cryptorank.io/categories/defi
📈Market Overview
Bitcoin price trades near $27.5K. The top-10 cryptos are traded in different directions:
Cardano +2.23%
Solana +1.67%
Ethereum -0.52%
Market capitalization: $1.19T (-0.3%)
The BTC dominance: 45% (-0.12%)
Fear & Greed Index: 50 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Loom Network (LOOM) +37.7%
Serum (SRM) +20.7%
Ark (ARK) +18.6%
👉 Recent Funding Rounds
Cicada $9.7M Pre-seed round led by Choppa Capital
Phaver $7M seed round with participation from Polygon Ventures
Burnt strategic funding round with participation from Circle
BTC Futures
Aggregated Volume — $24.9B
Aggregated Open Interest — $8.9B
👉 Derivatives Market Analytics
Monthly Spot Exchange Volume Decreased by 24.5% in September
Spot volume on leading centralised exchanges declines for fourth consecutive month and decreased by 24.5% in September.
👉 https://cryptorank.io/exchanges
The Latest Breaking News 📣
— Polygon co-founder steps down, will contribute 'from the sidelines'
— Hong Kong police, SFC form task force to track suspicious crypto activities amid JPEX probes
— Hong Kong crypto firm launches $100M fund aimed at Asia startups
— India developing global database of crypto exchanges to combat crypto crimes and money laundering
— SBF's defense tries to pin FTX collapse on Caroline Ellison
👉 https://cryptorank.io/news
Monthly Derivatives Exchange Volume Down 17.3% in September
Derivatives exchanges volume decreased for the fourth consecutive month. HTX (formerly Huobi) was the only exchange to see volume increase in September (+10%).
👉 https://cryptorank.io/exchanges/derivatives
Best Performing IEOs of Q3 2023 by Current ROI
Arkham leads with 670% current ROI and 1,416% ATH ROI after the successful launch on Binance Launchpad, followed by GameSwift and Evadore. Binance Launchpad remains a dominant position among other IEO launchpads, leading in terms of average ROI and raises.
👉 https://cryptorank.io/ico
📈Market Overview
Bitcoin price trades near $27.4K. The top-10 cryptos are traded in different directions:
XRP +4.04%
Solana -3.68%
Cardano-2.33%
Market capitalization: $1.19T (-0.74%)
The BTC dominance: 44.83% (+0.15%)
Fear & Greed Index: 49 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Wall Street Memes (WSM) +21.7%
Raydium (RAY) +18.4%
Smooth Love Potion (SLP) +12.1%
👉 Recent Funding Rounds
Supra $24M funding round with participation from Coinbase Ventures and Animoca Brands
Rated $12.89M Series A round led by Archetype Ventures
AirDAO $7.5M funding round with participation from DWF Labs
BTC Futures
Aggregated Volume — $20.9B
Aggregated Open Interest — $8.5B
👉 Derivatives Market Analytics
Spot and Derivatives Trading Volume in Q3 Fell to Lowest Level Since 2020
Trading volume on leading centralised exchanges continued to fall in Q3, reaching the lowest level since mid-2020.
👉 https://cryptorank.io/exchanges
The Latest Breaking News 📣
— Ether Futures ETFs see low volume in first-day trading
— Grayscale moves to convert its Ethereum Trust to a Spot ETH ETF
— Hong Kong and China’s OTC markets remain active despite crypto winter
— Chia Network lays off third of its staff as loss of banker delayed going public
— Conflux and LayerZero to develop a blockchain-based SIM card
👉 https://cryptorank.io/news
Arbitrum's Grants Incentive Program Overview
With 100+ protocols in the race, eyeing a massive 127M ARB or $120M, the competition is intense.
Get ready for a potential token surge as these protocols receive this liquidity boost.
Explore categorised projects for potential winners during the Uptober
👉 https://cryptorank.io/tags/arbitrum-ecosystem