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Chainlink hits new all-time high of $100b in Total Value Secured

by admin September 15, 2025

Chainlink has hit a new all-time high in the key metric of total value secured, with the oracle network surpassing $100 billion across decentralized finance.

Summary

Chainlink’s total value secured across decentralized finance has jumped to over $100 billion.
LINK price traded to highs of $24.7 as the TVS rose amid gains for cryptocurrencies.

As cryptocurrencies bounced on Sept. 12, with altcoins rising amid a surge above $115,000 for Bitcoin, Chainlink posted on X that the network’s total value secured had topped $100 billion.

The new all-time high in TVS for Chainlink comes as the oracle platform extends growth following its break above 2021 highs in value secured using the platform’s oracle solutions. Because TVS highlights the total value of assets Chainlink helps protect via its decentralized infrastructure, the surge to a new all-time high signals increased adoption and confidence in the platform across DeFi and traditional finance.

In 2025, Chainlink (LINK)’s TVS has jumped more than 100%, spiking from around $38 billion to the previous all-time high of $93 billion in mid-August. With the number of DeFi protocols and enterprise users growing, the value of assets the platform secures has now surpassed $100 billion.

Over 70% of Chainlink TVS on Aave v3

Chainlink’s partnership with Intercontinental Exchange and the integration of foreign exchange and precious metals rates into Data Streams are among the major moves in recent months. The U.S. Department of Commerce’s move to tap Chainlink to bring economic data on-chain also recently marked another high for the oracle platform.

Per data from DeFiLlama, lending protocol Aave accounts for the largest share of TVS at more than $70.9 billion and a market dominance level of 70.75%. That value is spread across 17 chains, with the top networks on Aave v3 being Ethereum, Arbitrum, and Base. Other lending protocols with notable Chainlink TVS are Maple, Compound v3, SparkLend, and Kamino, a Solana-based protocol.

As TVS rose, LINK has traded largely higher. On Sept. 12, the altcoin’s value hovered around $24.70, up nearly 5% in the past 24 hours and 11% in the past week.

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September 15, 2025 0 comments

Crypto Trends

Solana Firm SOL Strategies Hits the Nasdaq: ‘Being Underestimated Is an Advantage’, Says CEO

by admin September 14, 2025

In brief

SOL Strategies is a Solana infrastructure firm that manages validators and runs a SOL treasury.
The firm’s CEO Leah Wald sees it as an “underdog” when compared to others, but calls that an “advantage.”
Shares in the firm went live for trading on the Nasdaq last week.

Solana infrastructure and treasury firm SOL Strategies sees itself as an underdog in an increasingly crowded market of publicly traded crypto businesses and digital asset treasuries—but it doesn’t mind.

Shares in the Canadian-based venture went live for trading on the Nasdaq Exchange on Tuesday, increasing its exposure to investors beyond the Canadian Stock Exchange and OTC markets where it previously traded.

Though shares finished the trading day up 7.5% to $7.37 on Friday, they ended the week down 43% from the debut.

“I do see us as an underdog,” SOL Strategies CEO Leah Wald told Decrypt. “We are a tiny technology company out there in a sea of technology companies.”

Wald, who became the firm’s CEO in July 2024 after years of working in the crypto industry, said she appreciates the opportunity to take the fight to larger and better established firms in the space.

“Being underestimated is absolutely an advantage. It gives us room to execute and focus on building without the distractions that come with being overhyped,” she said. “In crypto, being underestimated often means you’re doing something right. The market rewards substance over hype in the long run, and that’s exactly where we want to be positioned.”

In that effort, the firm has positioned itself as a core contributor to the Solana ecosystem, operating a validator business that earns yield from assets delegated or staked to its validators.

Based on its August business update, it now has 3.6 million SOL delegated to its validators or greater than $820 million in assets under delegation, helping it more than double its annualized revenues in Q2 when compared to Q4 of last year.

From those delegated assets, it earns around an 8% yield, a percentage similar to what it earns for staking the assets held in its Solana treasury via its owned validators, providing it a dual-income stream it called “market-agnostic” in a recent investor presentation.

In other words, it will earn a percentage on the assets delegated to its validators regardless of whether SOL’s price goes up or down.

Building an effective business is the winning strategy that will ultimately allow the firm to succeed where others may fail,” said Wald, who characterizes SOL Strategies as a “digital assets treasury (DAT)++.”

“It’s the three-to-five year strategy to be the digital asset treasury (DAT)—plus, plus,” Wald told Decrypt.

“The market likes the DAT story,” she said. “We have a massive SOL treasury and it is an explicit mandate of mine to grow it… but the plus being the business—that’s where I think others will fail.”

Wald says the additional plus comes from the alignment of its treasury and validator business.

In addition to the 3.6 million SOL delegated to its validators, the firm also holds more than 435,000 SOL—nearly $100 million worth—on its balance sheet as part of its treasury strategy, placing it among the largest publicly traded Solana treasury companies.

It wasn’t always focused on Solana though.

It only got its new name a year ago this month, rebranding from Cypherpunk Holdings to SOL Strategies to align its brand with the speedy layer-1. Prior to the change, the firm had already begun cementing its focus on Solana though, selling off Bitcoin holdings and shares of Animoca Brands to help bolster its treasury.

Despite being early to the Solana treasury trend, accumulating SOL long before the asset made its new all-time high of $293 in January, Wald said she’s “only become more bullish” on Solana, citing the network’s community and developer activity.

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September 14, 2025 0 comments

GameFi Guides

Best Crypto to Buy After TOTAL2 Chart Hits New ATH: Altcoin Boom Incoming?

by admin September 14, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

An altcoin season has been in the oven for quite some time now. And the latest breakout of the TOTAL2 chart could be one of the biggest confirmations that 10-100x gains are now closer than ever.

The TOTAL2 chart, also known as the altcoin chart, tracks the total market capitalization of all the cryptos except Bitcoin.

Just yesterday, it created a new all-time high, when it breached the $1.7T mark – its previous ATH that was set way back in November 2021.

Both experts and everyday crypto enthusiasts are now looking at this as the perfect time to stack their portfolios with some low-cap, high-upside altcoins.

Read on as we unpack more details about the upcoming alt season. Plus, we’ll also point you towards the best cryptos to buy right now.

Historical Data Suggests Altcoin Market Cap Could Gain 260%

The last time the TOTAL2 chart broke a major ATH was back in 2021, when it crossed the $475B mark set in 2017. That resulted in a 260% move after the breakout.

And what’s happening right now looks so similar. How? Because this time too we’re breaking a 4-year long ATH.

Merlijn The Trader, a crypto analyst with nearly 394K X followers, highlighted that the current breakout is coming from a long-drawn Cup and Handle pattern.

Source: @MerlijnTrader on X

According to classic technical analysis, we can measure the cup’s width and add that distance to the breakout point to calculate a potential target.

This target comes out to be a whopping $6T, which happens to be a neat 260% gain from current levels. An extraordinary confluence!

Looking to make the most of this altcoin season? Here are three of the best altcoins you should consider including in your portfolio.

1. Bitcoin Hyper ($HYPER) – New BTC Layer 2 for Speed, Scalability & Web3

Don’t mistake Bitcoin Hyper ($HYPER) for just another BTC-themed crypto looking to ride the altcoin boom.

This new cryptocurrency project is filled to the brim with utility, seriousness, and backing from deep-pocketed investors.

$HYPER is building a new Layer 2 solution for Bitcoin, aiming to solve the network’s long-standing issues of speed, cost, and programmability.

Right now, Bitcoin is the slowest mainstream crypto. It processes just 7 transactions per second (TPS), as opposed to Solana’s 65K.

$HYPER will act as a fast side lane, executing thousands of transactions at once, and that too, while retaining Bitcoin’s top-notch security.

Plus, thanks to Bitcoin Hyper’s Solana Virtual Machine (SVM) integration, developers will now be able to build smart contracts and decentralized applications on Bitcoin.

This will unlock a never-before-seen Web3 environment on Bitcoin, with DeFi trading, NFTs, lending, staking, swapping, DAOs, and gaming.

Currently in presale, Bitcoin Hyper has already pulled in over $15.66M from early investors, with each token priced at just $0.012915.

According to our Bitcoin Hyper price prediction, the token could hit $0.32 by year-end, churning out a mind-blowing 2,400% ROI.

Interested? Here’s our detailed guide on how to buy Bitcoin Hyper.

Visit $HYPER’s official website to learn how you can use its Canonical Bridge to interact with Bitcoin’s new Web3.

2. Snorter Token ($SNORT) – Powering a New Telegram Trading Bot for Meme Coin Sniping

Snorter Token ($SNORT), like Bitcoin Hyper, combines great memetic appeal (thanks to its wholesome aardvark) with a potentially revolutionary mission.

$SNORT is the firepower behind Snorter Bot, a brand-new Telegram trading bot built to eliminate the dominance of crypto whales in the meme coin trading space.

Snorter lets you place buy/sell trade orders well before liquidity kicks in. Then, it automatically executes those orders once liquidity arrives.

The result? Retail participants can finally participate in early meme coin pumps, which is usually where the wildest gains come from.

Even better? Snorter is just as secure as it is easy to use. In addition to safeguards against rug pulls and honeypots, the bot will also protect you from front-running and dangerous sandwich attacks.

With over $3.9M in early funding so far, Snorter Token is undoubtedly one of the best low-cap coins to buy right now.

1 $SNORT is currently available for just $0.1043, and according to our Snorter Token price prediction, a $100 investment right now could turn into $900 by the end of 2025.

Beyond handsome gains, buying $SNORT will also unlock advanced analytics, reduced trading fees (just 0.85%), staking rewards (currently 119%), and no daily sniping limits.

Check out Snorter Token’s official website to find out all the benefits of this new Telegram trading bot.

3. Moo Deng ($MOODENG) – Viral Animal-Themed Meme Coin with a Fresh Breakout

Moo Deng ($MOODENG) could be just the best meme coin to include in your crypto portfolio for the upcoming altcoin season.

Complementing your portfolio with a pure hype-fueled meme coin like $MOODENG is a smart way to churn out outsized returns.

Well, aren’t pure meme coins risky? Sure, but that’s why it’s advised to only allocate a small percentage of your portfolio to them.

Moo Deng, in particular, is based on a viral cute-looking, playful baby pygmy hippopotamus named, well, Moo Deng.

The token debuted in September 2024 and shot up nearly 3,000% in just a few weeks. Then came a deep correction.

However, after an explosive May, $MOODENG is now looking extremely bullish. For instance, it has gained over 58% in just the last seven days.

The best part? It has just broken out of a major resistance – a downward-sloping trendline – and now looks primed for at least a 300% rally from current levels.

Want in? Buy $MOODENG on OKX, or any of the other crypto exchanges it’s listed on.

Disclaimer: Crypto investments are highly risky due to the market’s volatility. This article is not financial advice. Kindly do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist – https://bitcoinist.com/best-crypto-to-buy-after-total2-chart-new-ath-altcoin-boom-incoming

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 14, 2025 0 comments

GameFi Guides

Blockchain Lender Figure Hits Nasdaq at $5.3 Billion Valuation

by admin September 14, 2025

In brief

Figure Technologies and its investors raised $787.5 million through its IPO.
It is among several crypto firms that have debuted on Wall Street this year.
The market cap of Figure’s tokenized HELOC loans is $12.5 billion.

Blockchain lender Figure Technologies was set to begin trading on the Nasdaq on Thursday under the ticker symbol “FIGR” after raising $787.5 million through an initial public offering alongside existing investors, according to a press release.

The New York-based firm, which uses a blockchain-based platform to facilitate lending outside its traditional scope, sold 31.5 million shares at $25 apiece. The firm and its investors previously targeted a range of $20 to $22 per share for its IPO across 26 million shares. With 211 million in shares outstanding, the deal valued Figure at $5.29 billion.

The upsized IPO represented Wall Street’s latest reading on the crypto industry’s pulse, following the debut of crypto exchange Bullish and stablecoin issuer Circle earlier this year. Winklevoss-founded crypto exchange Gemini is set for its IPO on Friday.

Figure said it’s not receiving any proceeds from shares sold by existing investors. That means Figure itself raised $587 million through the IPO. The IPO’s lead underwriters included Goldman Sachs and BofA Securities.

Figure describes its ecosystem as “the largest non-bank provider of home equity financing,” having originated $16 billion worth of home loans since inception alongside its partners since its inception in 2018. Figure also facilitates crypto-backed loans.

Homeowners typically tap a home equity line of credit (HELOC) to make home improvements or consolidate debt. In practice, securing a HELOC can be time-consuming, but using a blockchain, Figure says applicants can receive approval in minutes and funding within days.

Using its Provenance blockchain, Figure is engaged in the tokenization of private credit, and it had $11.7 billion in outstanding loans that are represented on-chain, as of Thursday, per data from RWA.xyz. The value of loans originated by Tradable and Maple Finance, its biggest competitors, meanwhile totaled $2.1 billion and $1.2 billion, respectively.

Figure’s HELOC loans are represented by tokens, which rank among the largest cryptocurrencies by market capitalization, according to crypto data provider CoinGecko. At $12.5 billion, they currently have a greater market cap than Avalanche’s native token.

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September 14, 2025 0 comments

Game Updates

Metroid Prime 4: Beyond Hits Nintendo Switch 2 And Switch This December

by admin September 14, 2025

Nintendo has revealed that Metroid Prime 4: Beyond will launch this December. More specifically, it hits Nintendo Switch 2 and Switch on December 4, and that same day, a Sylux amiibo will hit stores, too. Before that, though, you can pick up a Metroid Prime 4: Beyond Samus amiibo and a Samus + Vi-0-La (motorcycle) amiibo on November 6.

Nintendo announced this news during today’s Nintendo Direct with a new gameplay trailer showcasing Samus in a desert biome, utilizing a new tool in her arsenal: a motorbike. Its official name is Vi-0-La, and it’s the bike featured in the aforementioned amiibo. The trailer also gives us a new cinematic look at Sylux, Metroid Prime 4: Beyond’s first-person gameplay, and more.

Check it out for yourself in the Metroid Prime 4: Beyond release date trailer below:

Metroid Prime 4: Beyond hits Switch 2 and Switch on December 4.

In the meantime, read Game Informer’s hands-on preview of Metroid Prime 4: Beyond and then check out this Metroid Prime 4: Beyond gameplay trailer from earlier this year.

Are you picking up any of these Metroid Prime 4: Beyond amiibo? Let us know in the comments below!

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September 14, 2025 0 comments

Game Updates

After selling 1.4m copies on Steam, Stardew Valley-inspired Dinkum hits Nintendo Switch this November

by admin September 13, 2025

You may not be aware of it, but the Australian-themed Animal Crossing and Stardew Valley-inspired title, Dinkum, was one of the breakout Steam games of 2022. The game sold over 350,000 within a month, and the title has gone from strength to strength since, racking up a total of over 1.4m sales since its 14th July early access launch in 2022.

What’s the story behind the game’s success? There was a late marketing push for the title just before it hit Steam – aided along by IGN’s Summer of Games show in the same year – and some YouTubers that focus on cozy life-sim games helped nudge the audience higher, too.

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Solo developer, James Bendon, is now keen to push his growing audience even further by releasing the game on Nintendo Switch (and playable on Switch 2). Whilst the initial development efforts on PC were all handled by Bendon, publisher Krafton has supported with the Switch ports, with members of the team at studio 5minlab coming in to help with porting the title to the handheld machine.

“As a massive Nintendo fan, having my own game on a Nintendo console has been a lifelong dream for me,” Bendon says in a press release. “I feel that Dinkum is a good fit for Nintendo Switch players, and it’s been the most requested console from players who have been waiting a long time to play Dinkum. I am certain that launching on the Switch will bring a lot of new players to Dinkum.”

Per a release from Bendon and Krafton, the Nintendo Switch version has been optimised for handheld play (with adjustments made to control schemes, and UI/UX), and all major content will be available across both platforms. There is a small exclusive in-game Battlegrounds costume players will be able to nab on Switch, but it’s just a cosmetic.

We’re used to seeing a lot of life sims and farming games during Nintendo Direct showcases, but with this one, it at least seems like there’s an in-built audience that’s been waiting for a while to see Dinkum escape the exclusive realms of the PC. And as we’re seeing ConcernedApe slow down development on Stardew Valley (well, in theory, at least), Bendon hints that Dinkum could live a lot longer.

“I think Dinkum is the kind of game that I could update forever, so I think as long as there are players who love Dinkum, I think they will inspire me to continue working on updates,” he says. “I am hopeful that offering Dinkum on the Nintendo Switch (and hopefully many other platforms in the future) will only bring more passionate players to Dinkum, and their passion for the game will continue to fuel my inspiration.”

Dinkum comes to Nintendo Switch, and will be playable on Switch 2, on 6th November.

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September 13, 2025 0 comments

GameFi Guides

Solana Hits $241 as TVL and Institutional Interest Surge

by admin September 13, 2025

Solana (SOL) climbed 5.5% on Friday, reaching a daily peak above $241. This price action, which marks a new high since late January, follows a surge in both institutional capital and decentralized finance (DeFi) activity within the ecosystem.

According to CoinMarketCap, Solana traded at $240.54 at press time, with a 24-hour trading volume of $12.09 billion. The token was up 5.75% in the last 24 hours.

The rally gained traction earlier this week after Forward Industries announced a $1.65 billion PIPE deal led by Galaxy Digital, Jump Crypto, and Multicoin Capital. This news led to a sharp move in SOL’s price above $215, with momentum accelerating further after the deal closed.

Additionally, among them is BIT Mining which revealed the addition of 17,221 SOL to its treasury while preparing to change its NYSE ticker to SOLAI.

Technical Signals Point to Further Gains

On the technical side, analyst More Crypto Online highlighted a bullish setup for Solana on X, stating, “$SOL has formed a bullish cross on the monthly MACD. This aligns well with the bullish projection.”

According to the chart, SOL is currently trading robustly at around $241.42. The key resistance levels are now set at $374.24, $566.26, and $856.81, as indicated by Fibonacci retracement targets. These points could serve as potential selling zones if the rally is sustained.

Additionally, Solana’s DeFi ecosystem has hit a new all-time high. The total value locked (TVL) reached $13.01 billion, as reported by DeFiLlama.

According to the data, the new figure comes after a recovery from 2023 lows and surpasses previous peaks from 2022. With a rise in TVL, usually an increase in user activity and liquidity.

Market Confidence Continues to Build

The rising DeFi activity and institutional investment have contributed to a significant increase in market confidence. Traders on Myriad, a prediction market, have become increasingly bullish. Over the past week, those betting that Solana will hit $250 before dropping to $130 rose from 66% to 89%. The spike in sentiment shows trust in SOL’s upward trajectory.

Rising DeFi activity and institutional investment play a big part in Solana’s recent boom. If buying momentum continues, SOL could test Higher resistance levels.

Also Read: Galaxy Digital Buys $536 Millions in Solana From Binance, Bybit

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September 13, 2025 0 comments

NFT Gaming

Inside Job? MYX Airdrop Scandal Hits $170 Million

by admin September 13, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

MYX Finance, a decentralized exchange, is under fire after reports disclosed that close to 10 million MYX tokens — valued at about $170 million at the time — were claimed by a cluster of addresses tied to the project.

Based on reports, on-chain investigators flagged a pattern that suggests many of the claims came from wallets created and used in a coordinated way.

100 Wallets Funded, Then Claimed

According to blockchain trackers, about 100 newly created wallets were funded on April 19 and then used to claim airdrop rewards on May 7.

The timing and similarity of the transactions drew attention because the wallets followed an almost identical sequence of steps: funding, claiming, and then moving tokens.

Reports have disclosed that the total amount moved represented about 1% of MYX’s total supply, a large share for an early distribution program.

BREAKING: The $MYX team is directly tied to wallets that claimed $170M from their airdrop

Inside job?

Here’s what we know 🧵 pic.twitter.com/Kq1ubEgUBU

— Bubblemaps (@bubblemaps) September 11, 2025

Suspicious Transfers Point To Project Links

On-chain evidence has been presented that ties at least one of the claiming wallets to a creator-linked address. Investigators say wallet 0x4a31 sent nearly $3 million worth of MYX to a deposit address, 0xeb5A, which is alleged to be linked to a creator’s wallet, 0x8eEB.

These transfers formed part of the narrative that led observers to call the episode a possible Sybil attack — where one actor controls many addresses to claim disproportionate rewards.

MYXUSDT currently trading at $18.10. Chart: TradingView

Team Denies Wrongdoing, Promises Fixes

MYX Finance has rejected claims that the core team orchestrated a coordinated grab. The project acknowledged that some people asked to change addresses before launch and said some incentive streams had differing anti-Sybil protections.

Based on reports, the team emphasized that a separate campaign called “Cambrian” included stricter checks, and it said it will tighten protections going forward.

Price Reaction And Community Backlash

Market reaction was swift. Reports indicate the token price fell as trust eroded among traders and holders. Community voices on social platforms called for clearer audits and for the team to publish a transparent ledger of airdrop recipients.

Some holders demanded that questionable tokens be frozen or returned, while others warned that strong legal or regulatory moves could follow if proof of intentional misconduct appears.

Investigators say the on-chain patterns are suggestive but not conclusive proof of an inside job. According to reports, links between wallets rely on behavioral analysis and the trace of transfers; critics argue these methods can point to correlations without proving direction or orders.

Featured image from Meta, chart from TradingView

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September 13, 2025 0 comments

GameFi Guides

REX-Osprey Solana Staking ETF Hits $250M as SOL Price Soars

by admin September 13, 2025

The REX-Osprey Solana Staking ETF (SSK) has crossed $250 million in assets under management (AUM) only two months after its debut. REX Shares, the issuer, confirmed in a post on X today, saying that it was reached as of September 11.

The fund was initially launched on July 2 2025, and it’s the first in the United States to combine spot Solana exposure with native on-chain staking rewards. This allowed investors to benefit from both price movements in Solana and staking yield, which is a multiple source of return in a regulated format.

We are proud to announce that the REX-Osprey SOL + Staking ETF (SSK) has surpassed $250 million in AUM as of 9/11/2025 — just months after launching on July 2nd.$SSK is the first U.S. ETF to combine spot $SOL exposure with native, on-chain staking rewards, marking a major step… pic.twitter.com/FsthIwNUcE

— REX Shares (@REXShares) September 12, 2025

REX Shares said this achievement was possible thanks to the support of early investors and noted that it aims to keep building innovative products like this for investors interested in digital assets.

“We are proud to announce that the REX-Osprey SOL + Staking ETF (SSK) has surpassed $250 million in AUM as of 9/11/2025 — just months after launching on July 2nd,” the company said in a post on X.

Meanwhile, the rapid success mirrors Solana’s strong performance in recent months. At the time of writing this report, Solana is trading at $240.18. This is an over 6% surge in 24 hours. Over the last week, the token has surged by 17.8% and has gained 20.7% in the past month

Solana SOL Price Chart | Source: CoinMarketCap

Over a longer timeframe, Solana’s growth trajectory is even more pronounced, with a 76.71% increase over six months and a 27.16% gain year-to-date. Its price has risen 81.32% in the past year, and it is up nearly 493% since its inception.

SOL Derivatives and Interest Adds Momentum

The derivatives market has also added to Solana’s recent momentum. According to Coinglass, futures volume for Solana climbed to $30.85 billion in the past 24 hours, an increase of 13.86% from the previous day.

Solana Derivative Date | Source: Coinglass

Open interest rose 7.45 percent to $16.89 billion, reflecting growing participation from leveraged traders and institutions. With 609.61 million tokens circulating, Solana remains one of the largest blockchain ecosystems by activity and trading volume.

Also Read: Bitcoin Sharks Quietly Add 65,000 BTC in Major Accumulation Spree

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September 13, 2025 0 comments

GameFi Guides

Stablecoin market hits $300B, But Discrepancies Expose Data Gaps

by admin September 12, 2025

The stablecoin market briefly touched a $300 billion capitalization on CoinMarketCap (CMC) this week, marking a significant milestone for the sector. However, conflicting figures reported by rival platforms like CoinGecko and DeFiLlama highlight the lack of a standardized methodology for measuring the fast-expanding market.

Different Platforms, Different Results

While CMC reported a mcap of $300 billion on Thursday, CoinGecko listed $291 billion and DefiLlama showed $289 billion the following day. The gap comes from divergent methodology. CMC tracks about 150 stablecoins and excludes some as “rehypothecated assets,” while CoinGecko and DefiLlama list nearly 300, using algorithms, outlier filters, and on-chain TVL to refine results.

Comparison of Total stablecoin market capitalization

These different approaches produce significant gaps. CMC does not track Tether Gold (XAUT), a $1.3 billion asset included by CoinGecko, nor does it count the new Sky (USDS) contract, the upgraded version of DAI worth $8.1 billion. Together, those omissions create nearly a $10 billion discrepancy across platforms.

This milestone arrives as stablecoins gain increasing political attention. The market has surged past $200 billion since late 2024, driven primarily by the growth of Tether (USDT), USD Coin (USDC), and Ethena’s USDe, a new-generation synthetic dollar that provides a native yield.

This growth has caught the attention of policymakers, with the Trump administration’s “Genius Act” in July reportedly aimed at boosting the U.S. dollar’s global standing through stablecoins. Still, ongoing regulatory pushes in Europe and persistent transparency concerns could slow the market’s march toward $400 billion by year-end.

The bigger picture

According to Rafaela Romano of Alphractal, discrepancies “will always exist” because stablecoin supply is harder to track than Bitcoin. CoinMarketCap’s head of research, Alice Liu, added that excluding rehypothecated assets prevents double counting across wrapped tokens, staking derivatives, and complex collateralized structures. Still, the lack of standardization underscores how fragmented reporting remains in this market.

The $300 billion marker is less a definitive number than a signal of momentum. Discrepancies between data providers show the sector’s complexity, but they also highlight the growing weight of stablecoins in global finance, even as mainstream adoption remains just out of reach.

Also read: Bitcoin sharks add 65,000 BTC amid rebound

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September 12, 2025 0 comments