• The worldwide cryptocurrency market worth elevated by 16% to $4 trillion in Q3 2025.
• Ethereum and BNB led the rally with beneficial properties of over 50%.
• DeFi and stablecoin exercise surges as liquidity will increase

In response to CoinGecko’s third quarter report, the crypto market recovered strongly within the third quarter of 2025, rising by 16.4% to achieve a market capitalization of $4 trillion. Notably, the quarter noticed a rise of roughly $563.6 billion, the strongest three-month enhance since late 2021.

The beneficial properties coincided with the rise in Ethereum and BNB, stronger threat urge for food, and progress in decentralized finance (DeFi) and stablecoins.

Associated: Crypto Recap for Q3 2025: Bitcoin ETFs, US Regulation, and Stablecoin Rise

Moreover, the report highlighted improved liquidity and a rise in institutional buyers as key components available in the market restoration. Common every day buying and selling quantity elevated by 43.8% to roughly $155 billion.

Ethereum and BNB lead quarterly income

Ethereum had considered one of its greatest quarters in years, reaching $4,946 at one level earlier than closing the tip of September at almost $4,215, up 68.5%. The report attributed Ethereum’s efficiency to elevated participation by institutional buyers and the rising attraction of Ethereum-based alternate traded funds (ETFs).

BNB additionally skilled progress, rising 57.3% to an all-time excessive of round $1,048. CoinGecko cited elevated utilization throughout the Binance ecosystem and stronger decentralized alternate (DEX) buying and selling quantity as key components for BNB’s efficiency. This surge spilled over into the final quarter, particularly as BNB reached an all-time excessive of over $1,360.

DeFi and stablecoins regain momentum

DeFi made an enormous comeback within the third quarter. The whole worth locked (TVL) throughout DeFi protocols elevated by 40.2%, rising from roughly $115 billion to $161 billion. New token launches, elevated on-chain exercise, and a surge in buying and selling on perpetual DEXs fueled the restoration.

Buying and selling quantity on completely decentralized exchanges reached an all-time excessive of $1.8 trillion. Whereas established platforms like Hyperliquid maintained their dominance, new entrants like Aster and Lighter gained market share by way of incentive applications.

Stablecoins additionally expanded quickly. The market capitalization of each firms elevated by 18.3% to $287.6 billion. Ethena’s USDe had the very best progress price at 177.8%, whereas Tether (USDT) added $17 billion in worth, however its market share decreased barely.

See centralized alternate “Revival of buying and selling”

Centralized exchanges (CEX) additionally recorded sturdy progress within the third quarter. Spot buying and selling quantity on main exchanges elevated 31.6% quarter-over-quarter to $5.1 trillion.

Whereas Binance maintained its place because the business chief, Bybit’s exercise elevated considerably. Nevertheless, Coinbase fell to tenth place on this planet by buying and selling quantity.

This enhance in buying and selling exercise displays a broader market restoration supported by new investor participation and extra favorable macroeconomic circumstances.

Associated: DeFi tops crypto sector with 44.6% year-to-date rise as RWA and stablecoins observe swimsuit

CoinGecko’s report prompt that market momentum may proceed if liquidity stays excessive and institutional demand stays excessive. Nevertheless, market corrections may undermine the sustainability of those beneficial properties.