Btw, VSN is actually the first Arbitrum token to enter Binance Alpha.
Backed by one of Europe’s biggest regulated fintechs.

$VSN gives:
• 10%+ APY staking
• Engage XP airdrop points
• 20% trading fee discount
• Launchpad access + XP multipliers coming next

NFA, DYOR.

The Aave market on Arbitrum has surpassed $1.8B, making it the largest among all L2s with nearly 20% of the non-Ethereum market share.

Arbitrum continues its steady growth, while Base and Linea have been trending downward.

By 2032, Bitcoin’s share of 401(k) allocations could range from a tiny 0.025% to a transformative 1.5%.

The conservative case adds a slow, long-duration demand stream, while the medium scenarios introduce BTC to retirement accounts without meaningfully reshaping supply dynamics. But in the aggressive case, retirement flows of roughly 76,500 BTC per year surpass miner output, marking the first time demand from this sector would exceed new supply.

Since DRIP went live, both emerging protocols like USDai and Theo and established names like Maple, Euler, and Morpho have expanded on Arbitrum and posted notable growth.

Lending markets kept their total size steady even as ETH fell 32% over the same period. Every $1 of incentives for USD assets translated into roughly $146 in added TVL.

GoPlus closed Q3 on a strong note: ecosystem profit climbed to $4.5M, up 32.5% despite market headwinds.

API usage also strengthened, with daily query volume rising 21.4% to 31.7 million.

Monthly spot volume across crypto exchanges dropped to $1.59T in November, the lowest since June.

That’s a 26.7% slide from October’s $2.17T, marking the weakest volume month in nearly half a year.

Most ETH vaults stalled, slipped, or converged into the same narrow performance range – except one.

KernelDAO’s High Gain vault is now nearly 50% ahead of the next best ETH vault on vaults.fyi, holding strong through 90 days of volatility and still delivering 13%+ APR. With all three Gain vaults posting 10%+ this week, this looks less like a lucky streak and more like a system built exactly for this cycle.

RWA capital flows show a clear rotation across chains.

Over 30 days, BNB Chain leads with +$854M while Ethereum and Avalanche see outflows, but the one-year view flips the narrative:

• Ethereum dominates with +$7.7B, and BNB Chain, Arbitrum, Avalanche, and Solana all post strong long-term inflows.
• Short-term shifts aside, the broader trend is still heavily tilted toward Ethereum.

New insights in the first winter weekly research ❄️

General
➖ CoinShares: Digital asset bi-weekly digest - December 2nd 2025
➖ Binance: Weekly: Markets Find Relief on Shifting Rate Expectations
➖ Galaxy: Weekly Top Stories - 11/28/25

Market
➖ CoinShares: The Talk - November 27th, 2025
➖ CoinShares: Market update - November 28th, 2025
➖ CoinShares: Digital asset fund flows | December 1st, 2025
➖ CoinShares: Equities update | December 1st 2025
➖ Glassnode: BTC Market Pulse: Week 49
➖ Glassnode: Fasanara Digital + Glassnode: Q4 2025 Institutional Market Perspectives
➖ Galaxy: Saylor Buys Dollars for Post-Thanksgiving Treat

DeFi
➖ CoinGecko: DEX to CEX Volume Ratios Reach New Highs in 2025
➖ The Defiant: DeFi's Secret Tax Isn't Gas Fees—It's Your Time
➖ Galaxy: Leverage Unwinds and Liquidity Tightens Across Crypto

Blockchains & networks
➖ 4pillars: From Platform to Infrastructure: IOTA’s Trade Revolution
➖ 4pillars: Gradient: An Open Intelligence Stack for Scalable AI Innovation
➖ 4pillars: ZK-101: The Hitchhiker's Guide to the ZK Galaxy
➖ Crypto.com: Ethereum Fusaka Upgrade
➖ Cointelegraph: Eclipse brings Solana's parallel runtime to Ethereum

November recorded the highest amount raised in token sales in the past two years.

Investor interest in new launches is clearly heating up again.

XRP futures open interest dropped from 1.7B XRP to 0.7B XRP — roughly a 59% flush-out.

With funding rates sliding from ~0.01% to 0.001%, October 10 marked a clear slowdown in speculators’ appetite for aggressive upside bets.

In October 2025, edgeX hit an ATH in monthly perp volume with $137.9B traded across just over 100 pairs.

Major assets like BTC and ETH offer leverage up to 100x, while long-tail tokens trade with up to 5x.

Tokenized RWA has reached $36.1B across more than 554K holders.

Private Credit leads with $18.8B, followed by U.S. Treasuries at $9.2B — together making up roughly 78% of the market. The shift shows traditional financial products steadily moving on-chain, offering real cash-flow assets with blockchain-level efficiency.

Since new players entered the market, the median spread in the Timeboost Auction has dropped below $5 — roughly a 70% reduction.

Selini Capital and Wintermute no longer dominate, and the rising competition is shaping a more balanced and efficient market.

For a long time, Polymarket and Kalshi dominated the prediction market space, but recent notional volume data signals a shift.

Opinion is now pulling ahead and starting to capture the majority of activity.

A few months back, everyone was watching ICM and the rise of AI-agent plays.

It still feels like that’s where the market is heading, but token performance hasn’t caught up to the narrative yet. So far this year, privacy tokens are the only sector firmly in the green.

x402 activity on Solana is rapidly catching up to Base.

A month ago, nearly 100% of transactions were happening on Base, but this week Solana is nearing a 50/50 split and has handled roughly 95% of dollar volume over the past few days.

November 2025 turned into Bitcoin’s second-worst month in the past three years.

The 16.5% drop reflects fading market confidence and a clear lack of bullish momentum, potentially hinting at the early stages of a bearish shift.

BNB Chain remains the top network by active addresses for the fourth straight month, reaching 57.6M users.

Solana and Near follow with 43.7M and 42.1M respectively, while Polygon is gaining momentum boosted by Polymarket’s strong performance.