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⚡️Notable Crypto Funding Rounds in October
@Kalshi — $1B
@whop — $200M
@Spiko_finance — $90M
@PhotonPay — $40M
@meanwhile — $37.5M
@meow — $31.6M
@hyperbolic_labs — $30M
Kalshi’s $1B round lifted October’s crypto venture investment to $1.65B, more than double September — but excluding it, the rest of the market raised $651M, roughly in line with September’s $665M.
Read the full October Crypto Fundraising Recap👇
📊 Crypto Fundraising Recap: October 2026
• Activity in early stage rounds has increased.
• Payments led in deal count, but funding declined in October compared to September.
• Kalshi’s $1B round was the key growth event for crypto fundraising.
• Institutional participation rose for the second consecutive month, but remained below last year.
Explore the full recap:👇https://t.co/uMomLKQXpm
📈 Perp DEX Trades Hit a 2026 High
The number of trades on Perp DEXs reached 438M in October, up 8.4% MoM, marking the highest monthly level in 11 months.
Despite the recovery, trading activity remains 15.9% below October 2025, when Perp DEXs recorded 521M trades.
📈 Stablecoin Holder Addresses Surpass 300M
The number of stablecoin-holding addresses has reached a new milestone of 310M, continuing its steady growth.
$USDT dominates with 221M addresses, followed by $USDC with 63M. Together, the two stablecoins account for more than 91% of all stablecoin holder addresses.
📈 Prediction Markets Trading Volume Hits $123B in October
Prediction markets recorded their highest monthly trading volume ever in October, reaching $123B, up 57.5% MoM and more than doubling since August.
Sports markets generated $26B in trading volume, crypto markets reached approximately $14B, while political markets exceeded $800M, up 43% MoM due to the November 3 US midterms, with @Kalshi leading across all categories except politics.
🛡️ Gate Introduces Proof of Security (PoSEC)
@Gate rolled out PoSEC — a framework showing whether an exchange’s cold storage alone could cover all user funds if its hot wallets were lost.
The metric: Cold Storage ÷ User Assets. Gate’s current coverage: 104.58%.
Following its Proof of Reserves push, Gate is positioning PoSEC as a new transparency standard for exchanges.
⚡Monthly Perp DEX Volume Climbs 6% in October
Spot and CEX futures both fell in October, while perpetual DEX volume climbed 6% to $659B.
The drop in centralised-exchange activity lined up with a fall in Bitcoin following a reported $6.3B Binance hack.
Among perp DEXs, the month’s standout was @variational_io, which climbed to $78B to rank second for the first time, overtaking every challenger behind Hyperliquid.
📉 Why Did Market Sentiment Return to Fear in October?
After spending most of September and October in Greed territory, the Crypto Fear & Greed Index dropped to around 30 points by the end of October, returning to the Fear zone.
Amid a series of negative market developments, $BTC fell below $77K and $ETH dropped below $2,200. We explored the key factors behind the selloff in our October Market Recap.
📔 Crypto Market Recap: Why the Crypto Market Was Down in October 2026
October marked the weakest month of 2026 for crypto market breadth. Only seven tokens in the current Top-100 sample, excluding stablecoins, ended the month in green zone.
What triggered such a broad selloff ?
⚡️ $BTC Recovers Its Recent Losses in Just 24 Hours
Bitcoin rebounded sharply from a low of $75.9K, climbing back above $80K and recovering its recent losses in just one day.
📉 BTC & ETH ETFs Record $2.1B in Net Outflows in October
After attracting a combined $8.9B in August and September, US spot $BTC and $ETH ETFs reversed course in October, recording $2.1B in net outflows.
Ethereum ETFs accounted for most of the withdrawals, losing $1.61B, compared with $515M for Bitcoin ETFs.
📊 BNB Chain Leads RWA Spot DEX Trading in October
@BNBCHAIN recorded $4.28B in RWA spot trading volume, followed by @RobinhoodCrypto at $3.56B and @solana at $3B.
Together, the three networks accounted for 72% of total RWA spot DEX volume, which reached $15B in October.
🎙️ Join our X Space with @theorem_markets: From Tokenization to Liquidity: What’s Next for the RWA Market?
Together with @chainlink, @MidasRWA, @Brickken, @RWA_xyz & @symbioticfi, we’ll discuss what it takes to turn tokenized assets into active, liquid markets.
📅 November 3, 3 PM UTC