Binance Report: Total Value Locked in DeFi Decreased by 4.85%, but Stablecoin Market Cap Increased by 3.54%
Binance released its monthly report, stating that the total market capitalization of the crypto market fell by 6.1% in October 2025, marking the first "red October" since 2018. This was primarily influenced by a large-scale deleveraging event on October 10, which wiped out over $19 billion in positions.Bitcoin's market share rose to 59.4%, while Ethereum slightly decreased to 12.6%. BNB performed well, rising by 6.2%, benefiting from ecosystem expansion; however, most mainstream tokens such as SOL, XRP, and ADA experienced double-digit declines. The total value locked in DeFi decreased by 4.85%, but the market capitalization of stablecoins grew by 3.54%. The NFT market saw a trading volume increase of 11.5%, with the Base chain standing out.Looking ahead to November, the Federal Reserve may end quantitative tightening in December, and improvements in Sino-U.S. trade relations could bring new optimism to the market.