Crypto Daily™10 minutes ago

Published on October 19, 2023 15:01 GMT+00:00edited on October 19, 2023 15:04 GMT+00:00

Navigating through Q3 2023, the crypto world exhibited a fusion of adversities and advancements, as spotlighted in Binance Research's latest insights. Last month presented an air of relative stability for the crypto market, with only slight ebbs and flows in the total market capitalization. The end of the month painted a hopeful picture, with the lion's share of the top 10 cryptocurrencies in the green.

The DeFi sector in September revealed a modest dip in TVL by 0.36% on a month-on-month basis. NFT enthusiasts had to grapple with a downturn as well, with the market recording its lowest trading volume for the year at just US$0.29B in September; alarmingly, a mere 7% of NFT owners registered profits over the past month. On the stablecoin front, September marked an 18th consecutive month …