[Afternoon News Briefing] Stablecoin Market Cap Hits $305.5 Billion, Among Other Topics
Original headline[오후 뉴스브리핑] 스테이블코인 시총 3055억달러 外
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Stablecoin market capitalization reached $305.5 billion in October, while the value of tokenized real-world assets (RWA) hit $34.5 billion, according to CoinDesk Research's monthly report released October 28. The report noted that tokenized equities and equity-linked assets grew in value, but average daily on-chain trading volume fell 39.3%. Separately, Blockworks Research calculated Hyperliquid's (HYPE) trailing 30-day annualized revenue at $773 million as of October 28, with a token holder return rate of 0.29% after adjusting for dilution from new token issuance. The figures underscore continued growth in stablecoin supply and tokenization despite cooling on-chain trading activity. Market watchers will be monitoring whether stablecoin supply growth can offset declining on-chain volumes and how Hyperliquid's revenue trajectory holds up against ongoing token emissions.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Hyperliquid (HYPE), HYPE (HYPE), CoinDesk Research, Blockworks Research
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