On-chain dollars hit 2.3% of global payments: Why Bitcoiners should care
On-chain dollars hit 2.3% of global payments: Why Bitcoiners should careInflection point reached? $46T settled on-chain this year in USD.
Happy Thursday!On-chain stablecoins now represent 2.3% of global payment flows, with $46 trillion settled in USD this year, signaling growing integration into mainstream finance. Hong Kong’s launch of the first spot Solana ETF via ChinaAMC opens a regulated gateway for institutional SOL exposure, potentially reshaping Asian and global liquidity dynamics. Meanwhile, Vitalik Buterin’s endorsement of Base as a “benchmark” L2 has intensified the layer-2 loyalty debate, highlighting a strategic divide as Polygon pursues its independent AggLayer vision amid questions over Ethereum’s scaling future. The global crypto market cap is $3.71 trillion, with a 24-hour volume of $172.13 billion. The price of Bitcoin is $110,048.71, and BTC market dominance is 59.2%. The price of Ethereum is $3,883.45, and ETH market dominance is 12.6%. The best-performing sector is DeFAI, which gained 23%. The Crypto Fear & Greed Index is currently Extreme Fear (27). 📰 Top News
On-chain dollars hit 2.3% of global payments: Why Bitcoiners should careInflection point reached? $46T settled on-chain this year in USD.
Alph.AI Launches Zero-Fee $MET Trading Following Meteora Token Generation and AirdropEarlier today, Meteora, a leading decentralized exchange on Solana, has officially commenced the Token Generation Event (TGE) and community airdrop for its native token, $MET, drawing significant market attention. Seizing this momentum, the meme coin analysis and trading platform Alph.AI has announced it will offer 0% trading fees on $MET from October 23 to 30. This initiative enables traders to participate in $MET’s early market and initial liquidity phase with zero cost, effortlessly capturing Alpha opportunities. #Promoted 🗞️ More News
Hong Kong’s first spot Solana ETF goes live – what it means for flowsAs Solana joins Bitcoin and Ethereum in Hong Kong’s ETF lineup, the launch could reshape liquidity and price discovery for SOL across Asian and global markets. Did Vitalik just pick a side? Inside Ethereum’s layer-2 loyalty testBase and Arbitrum earn most profits; where does Polygon fit? From $4B peak to shutdown: What Kadena’s fall teaches other L1 blockchainsAs Kadena fades, the crypto sector learns that technical advances without market fit can lead to extinction.
Ad: TRON Protocol Revenue Hits All-Time High of $1.2 Billion in Q3 as Messari, Presto, and RWA.io Analyze Ecosystem GrowthTRON solidifies global stablecoin dominance with robust ecosystem performance and security advancements. 🗞️ More News
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