The optimism in these cryptocurrencies is partly due to easing U.S. interest rates and the anticipation of new crypto ETFs.
Bitcoin is highlighted as a long-term investment with significant institutional interest; $3.5 billion was invested in spot ETFs in September, and corporate treasuries acquired 43,000 BTC.
Ether leads in on-chain finance, capturing the majority of stablecoin volume. U.S. spot ETFs added $11.3 billion in ETH over the past six months, and corporate treasuries bought 816,000 ETH in September.
Beyond the top two
Solana is praised for its speed and cost-effectiveness, processing over $100 billion in decentralized exchange volume monthly. Its total value locked has exceeded $30 billion, indicating strong DeFi liquidity.
Avalanche shows sharp growth in on-chain activity, with daily transactions up by 46% and stablecoin transfers increasing by 421% last quarter. Its subnet architecture supports enterprise blockchain use cases.
Sky Protocol, formerly MakerDAO, features a stablecoin USDS with a $8 billion supply and a Sky Savings Rate offering a 4.75% return. A token buyback program worth $77 million enhances its revenue-generating potential.
