

🔓 Major Token Unlocks in November The following tokens with the largest unlock value are scheduled to unlock this month: $MON — $323.79M $KITE — $131.74M $BTW — $112.16M $PIEVERSE — $90.17M $ADI — $56.18M $ZRO — $47.80M MON has the largest unlock relative to size at 140.46% of market cap, as its Team and Investors allocations unlock after the cliff.

📊 Market Fragmentation Among Perp DEXs Intensifies Despite growing competition among perp DEXs, monthly trading volume remains 30% below January levels, although October saw a recovery to $657B. Meanwhile, @variational_io market share has grown 2.5x since January, reaching 11.9% in October, up 25.8% MoM, with $77.9B in trading volume.

🏛 RWA Utilization in DeFi Reaches a New High Despite a 7% decline in total DeFi TVL in October, active TVL in the RWA sector rose 14.5% to a record $4.35B. @maplefinance leads with $1.42B, accounting for nearly 33% of the total, followed by @HastraFi and @centrifuge . Together, top three protocols represent 54% of total RWA DeFi active TVL.

📈 RWA Share of On-Chain Perps Volume Hits a New Monthly High RWA perpetuals accounted for 28.4% of total on-chain perps trading volume in October, up from 20.5% in September, marking a new monthly record. The increase was driven by growing RWA trading activity alongside declining volumes in other perps markets.

🎯 The Final Countdown for Q4 Points Programs Three major crypto projects are approaching the end of their points programs in Q4 2026. 🏆 Points Programs to Watch: @jumperapp : ~250M points with ~2.8M wallets @variational_io : ~10M with ~74K wallets @hibachi_xyz : ~80M points 👇 You can discover promising points programs and track upcoming opportunities on CryptoRank Drop Hunting Page







