An average of 327,000 wallets were created each day on average over the past 
week, likely pushed by a flurry of financial activity combined with recent 
network upgrades.

Perfect storm of activity sees record surge in new Ethereum wallets

Grayscale widened its institutional crypto lens, signaling deeper 
diversification as it evaluates dozens of digital tokens across smart 
contracts, finance, AI, and consumer sectors, reinforcing how asset managers 
are positioning for the next phase of crypto investment. Grayscale’s Expanding 
Watchlist Signals a Massive Institutional Wave Is Coming Institutional crypto 
exposure continues to broaden as product […]

Grayscale Eyes 36 New Tokens, Signaling Aggressive Expansion Beyond Legacy Crypto

According to reports, global crypto exchange trading volume jumped to over $79 
trillion in 2025, driven largely by futures and perpetual contracts. That 
surge pushed derivatives to claim most of the market’s activity, while spot 
trading grew at a much slower pace. Related Reading: XRP Ledger May Get A 
Tokenized Gold Upgrade, Web3 Founder Reveals Spot Volume Climbs While Futures 
Explode Spot trading finished the year near $18.6 trillion, an increase of 
roughly 9% versus the prior year. But futures and perpetuals were the real 
story: they totaled close to $62 trillion, making up about 77% of combined 
exchange volume. That heavy tilt toward derivatives shifted where liquidity 
and daily turnover were concentrated. Exchanges At The Center Of Activity 
Binance stood out as the top contributor to both segments. Reports show 
Binance handled roughly $25.4 trillion in Bitcoin perpetual futures alone — 
about 42% of the top 10 platforms’ Bitcoin perpetual volume — and continued to 
hold large stablecoin balances relative to peers. Other major venues such as 
OKX, Bybit and Bitget formed a secondary tier for futures trading. 2025 crypto 
exchange activity in review. Spot volume reached $18.6T (+9% YoY) while 
perpetuals surged to $61.7T (+29%), with Binance dominating spot, BTC perps, 
liquidity, and reserves. Growth is derivative-led, and market power continues 
to concentrate at the top. pic.twitter.com/Om8udJJ9Qv — CryptoQuant.com 
(@cryptoquant_com) January 12, 2026 Derivatives Data Variations Not all 
trackers measure markets the same way. Some platforms reported even higher 
figures for derivatives in 2025 — CoinGlass, for example, tallied about $85.7 
trillion in crypto derivatives volume for the year. Differences in counting 
methods, which products are included, and which venues are covered explain 
much of the gap between sources. Why Futures Dominated Trading Traders used 
futures to take positions, hedge exposures, and respond quickly to price 
moves. That activity raised daily turnover and boosted the headline totals. 
While spot trading reflects direct buying and selling of coins, futures 
multiply notional flow because a single contract can represent a much larger 
notional value than a spot trade. The concentration of trading on a handful of 
platforms has drawn attention from watchdogs in recent years. Regulators have 
warned that heavy reliance on a small set of exchanges could pose risks if 
those venues suffer outages or enforcement actions. The data for 2025 renewed 
those concerns because a large share of the new volume was funneled through 
the biggest operators. Related Reading: Dogecoin Bulls Watch $0.28 As Breakout 
Signals Stack Up What This Means Going Forward Based on reports, the 
derivatives market’s dominance could continue unless spot demand picks up 
substantially or regulation alters trading incentives. Institutional interest, 
products tied to regulated markets, and changes to stablecoin rules are all 
possible factors that could reshape volumes next year. Analysts caution that 
headline totals will keep varying with methodology and which datasets are 
used. Featured image from Unsplash, chart from TradingView

Futures Frenzy Pushed Crypto Exchange Volume To Nearly $80 Trillion In 2025

Senate leaders have locked in committee deadlines for a sweeping crypto market 
overhaul that could reshape U.S. digital asset regulation, redefine stablecoin 
rules, and set the stage for a decisive floor vote before the 2026 election 
cycle. CLARITY Act Timeline Tightens as Senate Accelerates Crypto Regulation 
Push Legislative efforts to regulate the American digital asset […]

Senate Committees Coordinate CLARITY Act Timelines, Raising Stakes for US Crypto Markets

Ugandan officials claimed that they could also shut down the internet-free, 
encrypted messaging app last week, but haven&#8217;t done so yet.

Cryptocurrency price in USD