Total crypto market capitalisation rose 39.6 percent between July and September 2026, according to a quarterly report from CoinGecko published on 15 October. The total climbed from 2100 billion dollars at the end of June to 2960 billion dollars on 30 September. It peaked at 3000 billion dollars on 21 September, the strongest quarter since the end of 2024.
Most of the recovery came in August. Market capitalisation rose 21.8 percent that month, adding 490 billion dollars. Even so, the market still stood 4 percent below its level at the start of 2026.
Spot volumes keep falling
Trading activity told a different story. Average daily trading volume fell 8.6 percent over the quarter, to 73.3 billion dollars.
Spot volume has now dropped for a third consecutive quarter. Leveraged positions filled part of the gap. Open leveraged positions on perpetual contracts topped 100 billion dollars, the first time in over a year they had reached that level.
Ether and Hyperliquid stand out
Ether rose 71 percent over the quarter, closing at 2684 dollars. US spot Ethereum ETFs took in net inflows of 3.1 billion dollars over the three months. ETH daily spot volume, however, fell 23.2 percent to 11.5 billion dollars.
HYPE gained 40.5 percent in the four days after a 19 August announcement, reaching 82 dollars. It hit an all-time high of 98 dollars on 23 September. Its average daily volume rose 35.2 percent over the quarter, to 850 million dollars.
Robinhood Chain and exchange share
Robinhood Chain, which launched publicly on 1 July, processed 88.9 billion dollars in volume over three months. It averaged 9.5 million daily transactions. Daily volume of native DEXs on the chain went from 1.3 million dollars on launch day to a peak of 3.5 billion dollars on 4 September.
Binance held 42 percent of the centralised spot market.
Source: CoinGecko
