Crypto Market Reaches $4 Trillion as ETH, BNB Hit Record Highs in Q3 2025
Joerg Hiller Oct 16, 2025 06:10
The cryptocurrency market soared to $4 trillion in Q3 2025, driven by all-time highs in Ethereum and BNB, as well as significant growth in DeFi, stablecoins, and centralized exchange volumes.
The cryptocurrency market continued its upward trajectory in the third quarter of 2025, reaching a total capitalization of $4 trillion, according to CoinGecko. This surge was supported by record performances from Ethereum (ETH) and Binance Coin (BNB), alongside notable increases in the DeFi sector, stablecoins, and centralized exchange volumes.
Market Capitalization and Trading Volume
The total market capitalization rose by 16.4% in Q3, adding $563.6 billion to reach the $4 trillion milestone, marking the highest level since late 2021. Average daily trading volumes also experienced a significant boost, climbing 43.8% to $155 billion, reversing previous declines observed in the first half of the year.
Ethereum and BNB Performance
Ethereum (ETH) was a standout performer, with its price jumping from $2,502 to a new all-time high of $4,946 during the quarter. It closed Q3 at $4,215, representing a 68.5% increase. BNB followed suit, hitting a new high of $1,048, a 57.3% increase from the previous quarter, and continued to climb into Q4.
DeFi and Stablecoin Growth
The decentralized finance (DeFi) sector saw its total value locked (TVL) rise by 40.2%, reaching $161 billion by the end of September. The stablecoin market also expanded, with a $44.5 billion increase, reaching a new peak of $287.6 billion. USDe and USDC led the growth among major stablecoins.
Centralized and Decentralized Exchange Volumes
Centralized exchanges saw a 31.6% increase in spot trading volume, reaching $5.1 trillion, although still slightly below the Q1 figure of $5.3 trillion. Perpetual trading on decentralized exchanges hit a record $1.8 trillion, with new challengers like Aster and edgeX emerging in the market.
These developments highlight a robust recovery and renewed investor interest in the cryptocurrency market, setting the stage for continued growth as the industry evolves further.
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