According to Milk Road @MilkRoadDaily, Bitcoin dominance spiked to 63.4% before pulling back to around 60% during the latest market sell-off; source: Milk Road @MilkRoadDaily on X, Oct 11, 2025. This sharp move shows money rushed out of altcoins and back into BTC; source: Milk Road @MilkRoadDaily on X, Oct 11, 2025.

According to @_RichardTeng, Binance recorded $14.8 billion in net inflows in Q3 2025, citing DeFiLlama as the data source (source: DeFiLlama; Teng on X, Oct 10, 2025). He added that Binance’s net inflows were 158x greater than the combined flows of the next ten largest exchanges, based on DeFiLlama data (source: DeFiLlama; Teng on X, Oct 10, 2025). For execution and routing, traders can monitor DeFiLlama’s exchange net flow dashboards to track venue flow trends and relative market share by quarter (source: DeFiLlama).

According to Eric Balchunas, tokenized versions of traditional investments mainly let crypto-native investors access regular assets in a wrapper they prefer rather than signaling a takeover of ETFs, source: Eric Balchunas via X on Sep 30, 2025. He adds that just as ETFs let traditional investors buy crypto in their preferred format, traditional finance controls far more capital, so tokenized products are unlikely to meaningfully dent ETF market share, source: Eric Balchunas via X on Sep 30, 2025. For traders, this positions tokenized RWA growth as additive access while ETF dominance remains largely intact, per his view, source: Eric Balchunas via X on Sep 30, 2025.

According to @EricBalchunas, IBIT now owns 3.8% of all the bitcoin, and an equity ETF would need about $2.2 trillion in assets to control a comparable share of its asset class. Source: @EricBalchunas. According to @EricBalchunas, SPY owns roughly 1.1% of most stocks despite being 32 years old, while IBIT is still very new, highlighting the unusually rapid concentration of BTC exposure in a single ETF. Source: @EricBalchunas.

According to @MilkRoadDaily, Aave’s outstanding loans have reached $30.5B, placing it at the top of DeFi lending by active credit exposure. According to @MilkRoadDaily, Morpho stands at $4.3B, implying a $26.2B gap between Aave and the next largest protocol. According to @MilkRoadDaily, that gap alone is larger than the entire DeFi lending market a year ago. Based on @MilkRoadDaily figures, Aave’s loan book is roughly 7.1 times Morpho’s ($30.5B vs $4.3B), a scale traders can use to gauge relative liquidity depth and borrowing conditions for AAVE-linked markets.

According to @EricCryptoman, the liquidity ladder is trending higher for the referenced asset, signaling improving order-book conditions that traders are monitoring for directional cues (source: @EricCryptoman on X, September 3, 2025). He notes that if the project can capture mindshare from Axiom or Photon, the setup could offer an asymmetric risk-reward profile (source: @EricCryptoman on X, September 3, 2025). Traders may track liquidity ladder changes and relative mindshare versus Axiom and Photon as potential catalysts for momentum (source: @EricCryptoman on X, September 3, 2025).

According to @MilkRoadDaily, two weeks ago pump.fun’s $PUMP looked finished as the token was flat, a rival was taking market share, and the buyback program was seen as underwhelming. According to @MilkRoadDaily, most market participants wrote it off at that point. According to @MilkRoadDaily, their PRO research call took the opposite stance and noted that $PUMP had only just launched. According to @MilkRoadDaily, the trading-relevant variables here are the flat price, the competitive market share shift, the existence of a buyback, and the fresh launch timing.

According to Milk Road, PumpFun’s share of SOL launchpad revenue rose from about 10% on Aug 3 to 76% by Aug 13, a 66 percentage-point recovery in 10 days (source: Milk Road post on X dated Aug 15, 2025). That shift equals a 7.6x relative increase in PumpFun’s share and an average gain of roughly 6.6 percentage points per day over the period (source: Milk Road post on X dated Aug 15, 2025). It also implies the combined share of other SOL launchpads fell from around 90% to 24% over the same window (source: Milk Road post on X dated Aug 15, 2025).

According to @charlesdhaussy, dYdX's Surge Season 4 concluded with $7.9 billion in trading volume, a notable increase in the dYdX protocol's market share, and improved capital efficiency, with trading fees surpassing rewards by $633,000. These results suggest enhanced sustainability for the DYDX ecosystem. For Season 5, the rewards program will be streamlined, potentially impacting DYDX trading incentives and liquidity. Traders should monitor how these changes affect market dynamics and DYDX token activity (source: @charlesdhaussy).

According to Eric Balchunas, Ether ETFs have rapidly increased in price and capital inflows, raising their share of crypto assets under management (AUM) to 13%, up from much lower levels two months ago. Meanwhile, Bitcoin ETFs now hold 82% of the crypto AUM, down from 90% over the same period. This shift indicates that traders are increasingly diversifying into ETH ETFs, though Balchunas notes that Ether's share is unlikely to surpass 20% due to heightened competition. These developments suggest evolving market dynamics that could impact trading strategies for both BTC and ETH. (Source: Eric Balchunas)

According to @rovercrc, Pump.fun is preparing to launch an incentive program in response to its recent loss of market share in the crypto trading sector. This move could impact short-term trading volumes and liquidity on the platform, as traders may respond to new rewards or fee reductions. Market participants should monitor further announcements for details on the incentive structure, which could influence token price movements and overall activity on Pump.fun. Source: @rovercrc.

According to @MilkRoadDaily, while market attention is on the $PUMP token, a significant shift in the token launchpad space is underway. Analysis of on-chain data reveals that since July 5th, the bonk_fun platform has attracted over 50% of the total launchpad volume. This indicates that bonk_fun is rapidly gaining significant market share from its main competitor, PumpFun. The author notes that incentives from letsBONK are a contributing factor to this trend, signaling a potential change in leadership within the Solana memecoin launchpad ecosystem that traders should monitor.

According to Steve Gannon, Tether may face substantial costs to comply with the GENIUS Act, potentially leading it to avoid the U.S. market and focus on emerging economies, as stated by experts. Corey Frayer noted that El Salvador's regulatory standards may not meet U.S. requirements, which could enable competitors like Circle's USDC to gain U.S. market share and impact stablecoin liquidity for crypto trading pairs such as BTC/USDT and ETH/USDT.

According to Brad Freeman (@StockMarketNerd), Robinhood (HOOD) and SoFi (SOFI) are expanding their market share by taking clients from large money center banks and legacy brokerages, rather than competing directly with each other. This shift suggests increased disruption in traditional financial sectors, potentially boosting trading volumes and volatility in fintech-related stocks. Crypto traders should monitor these trends, as growth in HOOD and SOFI platforms could lead to increased fiat-to-crypto flows and greater adoption of digital assets. Source: Brad Freeman (@StockMarketNerd, June 21, 2025).

According to StockMarketNerd on Twitter, Robinhood (HOOD) and SoFi (SOFI) are increasing their market share by attracting clients away from large money center banks, not from each other. This shift highlights a trend where fintech platforms are disrupting traditional banking, which may influence both stock valuations and investor flows into crypto-related assets, as these platforms often provide easier access to cryptocurrencies. Source: StockMarketNerd on Twitter (June 21, 2025).

According to KookCapitalLLC, traders are closely watching how much trading volume Hyperliquid will capture from Binance in 2024. On-chain data from DeFiLlama and CoinGecko (as referenced by @KookCapitalLLC, June 19, 2025) show that Hyperliquid has recently reached over $2 billion in daily derivatives volume, compared to Binance’s $60 billion daily average. While Hyperliquid's market share remains below 5% of Binance’s, its double-digit month-over-month growth rate suggests increasing competition in the crypto derivatives sector. This trend could lead to tighter spreads and more aggressive trading incentives across platforms, directly impacting BTC and ETH perpetuals liquidity. Traders should monitor volume shifts as significant changes could affect price discovery and volatility in the broader crypto market. Source: DeFiLlama, CoinGecko, @KookCapitalLLC.

According to @AltcoinGordon, Pumpfun is being criticized for prioritizing maximum extraction and self-interest over its community contributors, known as 'trenchers.' The post highlights growing dissatisfaction among active users who claim their contributions are unrecognized and unrewarded. This discontent may push traders to explore emerging crypto trading platforms that offer better incentives and community engagement. The sentiment signals a potential shift in user preferences, which could impact Pumpfun's trading volume and market share if new, user-focused platforms gain traction (source: @AltcoinGordon on Twitter, June 4, 2025).

According to Cas Abbé, Binance Wallet reached $8.6 billion in trading volume yesterday, capturing 98% of the crypto wallet market share since its launch. This unprecedented market dominance positions Binance Wallet as the leading platform for crypto traders, indicating a strong preference for its trading infrastructure and liquidity. The same trend applies to Binance Alpha, reinforcing Binance’s influence on trading volumes and liquidity flows across the crypto sector (Source: Cas Abbé on Twitter, June 1, 2025). Crypto traders should monitor Binance Wallet’s continued growth as its dominance can affect pricing, liquidity, and trading opportunities across both major and altcoin markets.

According to Flood (@ThinkingUSD), Hyperliquid is progressing as planned with expectations of reaching a top 2 position in the crypto derivatives exchange sector. This signals strong market momentum and growing trader confidence, potentially impacting liquidity and trading volumes across the decentralized derivatives space. Traders should monitor Hyperliquid's performance metrics and market share closely for potential trading opportunities as the platform approaches this milestone. Source: Flood (@ThinkingUSD) on Twitter, May 22, 2025.

According to Eric Balchunas, despite founder Jack Bogle's vision that Vanguard’s dominance would signal the end of their mission, Vanguard's market share has reached a new high at 28% as it turns 50 years old. For traders, this continued consolidation in traditional fund management could slow innovation in ETF structures, including spot Bitcoin and crypto ETFs, as larger players like Vanguard have historically been less aggressive in adopting crypto-linked products (Source: Eric Balchunas via Twitter, May 7, 2025). This environment may sustain a more cautious approach to crypto ETF launches, affecting liquidity and exposure options for crypto traders in the near term.