OVERVIEW

Welcome To DUMPtober

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

*If you’re a business and want to access this data via our API, email us.

New In Three Sentences
Crypto News 📰

💰 Tron’s Q3 Revenue Surpasses Bitcoin, Ethereum, and Solana

Tron generated $566 million in revenue in the third quarter, a 43% increase from Q2, surpassing major blockchains like Bitcoin, Ethereum, and Solana. This surge is driven by robust stablecoin activity and growing memecoin transactions on the network. Tron is the second-largest blockchain for stablecoins, holding a 34.8% market share. CryptoSlate.

🌍 Stablecoins Account for 43% of Sub-Saharan Africa's Crypto Transactions

Stablecoins now constitute 43% of crypto transactions in Sub-Saharan Africa as local currencies devalue. Countries like Nigeria and Ethiopia are experiencing massive growth in stablecoin usage, with individuals and businesses seeking financial stability. Institutions in South Africa prefer stablecoins over Bitcoin for better liquidity management and reduced currency volatility. Coinspeaker.

💼 Bitwise Files for XRP ETF

Bitwise Asset Management has filed with the SEC seeking approval to launch an ETF holding Ripple Labs' XRP token. Following the SEC's earlier approvals of spot ETFs for Bitcoin and Ether, Bitwise aims to expand its crypto ETF lineup. XRP is the seventh-largest cryptocurrency, with a market cap of $33 billion. WSJ.