PANews reported on October 16th that according to Coingecko's "Q3 2025 Crypto Industry Report," the cryptocurrency market continued its upward trend for the third consecutive quarter in Q3 2025, with total market capitalization climbing another 16.4%, or $563.6 billion, to $4 trillion, the highest level since late 2021. Stablecoin market capitalization surged by $44.5 billion in Q3 to a new high of $287.6 billion, with USDe and USDC leading the quarter-over-quarter growth among major stablecoins. In Q3 2025, the price of ETH soared from $2,502 to $4,946, a new all-time high. BNB experienced explosive growth in Q3 2025, reaching a new all-time high of $1,048, a quarterly gain of 57.3%. DeFi's market capitalization surged 40.2%, regaining its dominant position. Spot trading volume on centralized exchanges increased 31.6% quarter-over-quarter to $5.1 trillion in Q3 2025, but remained lower than the $5.3 trillion in Q1. In the third quarter of 2025, the trading volume of perpetual contracts on decentralized exchanges reached a record high of US$1.8 trillion, with Aster, Lighter and edgeX becoming challengers.


