Crypto Market Sees Bitcoin ETF Outflows and Surges in DeFi Activity
The cryptocurrency market witnessed notable shifts this week, with Bitcoin spot ETFs experiencing net outflows totaling USD 89.90 million. Despite this, BlackRock's IBIT ETF saw a significant inflow of USD 69.85 million, highlighting varying investor behaviors across different products. The total net asset value of Bitcoin spot ETFs currently stands at USD 110.77 billion, with a cumulative net inflow of USD 57.70 billion since their inception.
Cardano's decentralized exchange (DEX) volume surged by 143% over the past week, reaching approximately USD 41.9 million. Daily DEX volume on Cardano now averages near USD 4 million, with the total value locked (TVL) in its DeFi ecosystem surpassing USD 71 million. This sharp increase in activity marks a significant uptick from the relatively low volume levels seen throughout 2026.
In China, stablecoin wallet activity surged dramatically, with the number of unique wallets engaging in peer-to-peer transfers growing 43 times between Q1 2024 and Q2 2026. Chainalysis reported that China recorded USD 104.1 billion across 18.1 million stablecoin transfers during its 2026 reporting period. The turnover rate of stablecoin holdings in China was 33.2 times per year, significantly higher than the global average of 9.3 times.
XRP Ledger (XRPL) experienced a remarkable 1,469.14% increase in real-world asset (RWA) transfer volume over the last 30 days, reaching USD 7.03 billion. Despite this surge, the number of RWA holders on the network remains relatively small, with only 286 holders. The distributed RWA value on XRPL stands at USD 498.8 million, with a represented asset value of USD 4.45 billion.
Solana Foundation launched an open-source delivery-versus-payment (DvP) program on October 6, designed to enable financial institutions to exchange tokenized assets and payments in a single transaction. The program, developed with input from JPMorgan, ensures that both legs of the transaction settle together or neither transfer takes effect, achieving finality in seconds.