On-chain Weekly Digest: 7 new collections will be included in NFT Strategies soon
Aster DEX overtakes Hyperliquid in 7-day volume on BNB Chain, wash trading suspected, Early Hyperliquid user sells airdropped Hypurr NFT for $467K...
On-Chain Overview
Crypto market dipped (-2.78%) to $3.85T even as DEX volume surged +18.09% to $140.18B, led by Ethereum (+47.79%), while Hyperliquid’s revenue plunged nearly 60%, and DEX-to-CEX ratio held steady at 18.52%.
（Data accurate as of: Sep 29, 2025, 6:00 am, UTC）
Altcoin, Meme coin, NFT and RWA
Altcoins, memes, and NFTs saw broad declines (–2.7% to –14.92%), while NFT volume rebounded (+13.82%) and tokenized RWA market cap held steady with a slight gain (+0.26%).
（Data accurate as of: Sep 29, 2025, 6:00 am, UTC）
Macro, Stocks & Commodities
Gold (+2.91%) and oil (+2.79%) rose, while equities were flat (S&P 500 –0.05%, Nasdaq –0.1%), DXY strengthened (+0.69%), VIX declined (–0.89%), and the 10Y yield edged higher (+0.27%) amid JPY weakness (–0.72%).
（Data accurate as of: Sep 29, 2025, 6:00 am, UTC）
Key Events of the Week
NFT | 7 new collections will be included in NFT Strategies soon (25 Sep)
ToadzStrategy and SquiggleStrategy have already been announced, with potential upcoming strategies for NFTs like XCOPY, Goblins, Milady, Checks, and Good Vibes Club.
Meme | TROLL to be listed on Coinbase (24 Sep)
$TROLL, dubbed the most iconic meme in history, is set to list on Coinbase and Binance US amid a bullish Q4, positioning itself as a top contender for a $1B+ market cap run.
NFT | TIBBIR hits another ATH of $260m (29 Sep)
DEX | Aster DEX overtakes Hyperliquid in 7-day volume on BNB Chain, wash trading suspected (28 Sep)
On BNB Chain, Aster DEX has surged to $48B in daily volume and $1.44B TVL, surpassing Hyperliquid in 7-day volume averages ($20.93B vs. $10.41B), though analysts suspect possible wash trading.
Stablecoins | Morpho powers USDC lending on Coinbase with surge in yield vault activity (28 Sep)
Since Sept 18, Morpho has enabled USDC lending on Coinbase via Steakhouse vaults, with supply rising from ~$4.4M to ~$35M and originations from ~$6M to ~$38M.
NFT | Early Hyperliquid user sells airdropped Hypurr NFT for $467K (28 Sep)
Early Hyperliquid users have been rewarded with a massive Hypurr NFT airdrop, with the free digital cats now worth over $64,000.
Wrapping Up
From a market data perspective: Crypto market cap fell 2.78% to $3.85T even as DEX volume surged 18.09% to $140.18B, driven by Ethereum’s +47.79% rise, while Hyperliquid revenue plunged nearly 60%.
From a market events perspective: NFTs, memes, and DEXs made headlines with $TROLL’s Coinbase listing, TIBBIR’s $260M ATH, a $467K Hypurr NFT sale, Aster DEX surpassing Hyperliquid on BNB Chain, and Morpho’s USDC lending vaults spiking 8x.
