On-chain Weekly Digest: Lighter launches equity perps, starting with $COIN and $HOOD, both at 10X leverage
Robinhood to launch new derivatives exchange for prediction markets push in 2026, Grayscale Files to List First Zcash ETF in the U.S. Amid 1,000% Rally...
On-Chain Overview
The crypto market remains in a bear-market technical repair phase as US QT ends and the probability of a 25 bp FOMC rate cut remains elevated, while BTC trades in a broad consolidation range. Trading activity softens (DEX volume down 22.23%, Solana DEX down 7.7%), Lighter leads Perp DEX volume, and ETF flows turn positive on the week.
Crypto market cap fell 1.35% 7D as DEX activity declined 22.23% 7D; Solana remained No. 1 by DEX volume despite a 7.7% weekly pullback. PumpSwap stood out with revenue rising +15.76% this week and +59.17% over three months.
（Data accurate as of: 1 Dec, 2025, 7:00 am, UTC）
Altcoin, Meme coin, NFT and RWA
Altcoins, memes, and NFTs continued their three-month market cap declines (Alt –2.35% 7D; Meme –5.92% 7D; NFT –2.82% 7D) amid broad volume contraction, while tokenized RWAs were the only segment to show sustained strength (+1.06% 7D; +19.67% 3M).
（Data accurate as of: 1 Dec, 2025, 7:00 am, UTC）
Macro, Stocks & Commodities
Equities and gold strengthened this week (S&P +3.73%, Nasdaq +5.37%, Gold +2.9%) amid softer yields and a lower VIX, while DXY drifted slightly and oil remained subdued.
（Data accurate as of: 1 Dec, 2025, 7:00 am, UTC）
Key Events of the Week
1. Prediction Market | MYRIAD hits $100M trading volume milestone, growing 10x in three months (24 Nov)
2. NFT | Art Blocks has announced its Final Three projects (25 Nov)
3. Digital Art | Beeple announces Art Basel exhibition (25 Nov)
4. Prediction Market | Robinhood to launch new derivatives exchange for prediction markets push in 2026 (25 Nov)
5. Privacy | Grayscale Files to List First Zcash ETF in the U.S. Amid 1,000% Rally (26 Nov)
6. DEX | Lighter launches equity perps, starting with $COIN and $HOOD, both at 10X leverage (26 Nov)
Key Takeaways
From a market data perspective: Total crypto market cap is down 1.35% WoW; DEX volume is down 22.23%; Lighter leads perp DEX volume. Altcoins market cap fell 2.35%, memes -5.92%, and NFTs -2.82%, while RWAs Market Cap rose +1.06% WoW and +19.67% over 3M.
From a market events perspective: Art Blocks announced its final three projects; Beeple confirmed an Art Basel exhibition; Lighter launched 10x equity perps, starting with $COIN and $HOOD; Robinhood plans a prediction markets; and Grayscale filed to list the first US Zcash ETF.
