The New Race in Networks
Crypto & Economic Upcoming: Over the weekend, Cathie Wood made a striking comment: she said that Hyperliquid could be “the next Solana.” According to her, the growth of $HYPE looks very similar to the early rise of Solana. But she also warned that competition is only getting stronger, especially with $ASTER entering the market. This sets up the possibility of a new race between perpetual DEX protocols, similar to what happened when Solana faced its early challengers.
Another advantage for ASTER is its multichain presence across Ethereum, Solana, Arbitrum, and BNB Chain, giving it access to broader liquidity pools and a wider user base than a single-chain DEX.
Adding to this, direct comparisons between ASTER token and HYPE token showed how differently they are performing:
- ASTER token recorded a massive $101.7 billion in trading volume on perpetual contracts in just 7 days
- HYPE saw the largest outflows in a single day, about $279 million
Right now, ASTER seems to have the trading momentum, while HYPE is under liquidity pressure.
Wallets Becoming Their Own Projects
The conversation about wallets also picked up speed. Here’s how the major players stack up:
- Phantom (Solana wallet): Outperformed MetaMask in revenue during the first half of 2025 ($191M vs. $56M) and dominates Solana markets, 90% in the U.S. and 96% in India
- MetaMask: Still the biggest EVM wallet with 30 million monthly active users and about 60% control of the EVM market
- Trust Wallet: Highest downloads with over 210 million installs, but its 17 million active users and only $3.89M in revenue suggest it serves mostly beginners
- Rabby Wallet: 4 million users with support for 122 networks, gaining ground with low fees and 3x growth in trading volume
All these wallets now seem to be racing toward launching their own tokens.
Global Capital and Crypto Power
A different story came from MGX, a company backed by the UAE royal family. It is preparing to acquire around 15% of TikTok U.S. Earlier this year, MGX also used WLFI’s USD1 to finance a $2 billion investment in Binance. This shows how traditional capital and blockchain money are mixing more deeply.
Bitcoin Still the King
CoinGecko data showed that Bitcoin continues to dominate crypto holdings:
- 28% of holders keep Bitcoin as their main allocation with some altcoins
- 20% hold Bitcoin alone
The result is clear: Bitcoin is still seen as the core asset of the market.
SWIFT vs. Ripple: A Shift in Payments
Another big headline came from the traditional finance world. After years of competition with Ripple, SWIFT is moving its $150 trillion payments system deeper into blockchain. It started testing settlements on Linea, Ethereum’s layer 2.
Here’s why this matters: Even if only 1% of SWIFT’s payments move on-chain, that would be about $1.5 trillion, which is already bigger than last year’s entire stablecoin transaction volume (~$27.6 trillion adjusted). This doesn’t mean Ripple is finished, but it is the hardest challenge it has faced.
Trump, Politics, and the Fed
On Sunday, Donald Trump made two major moves:
- He posted a photo showing himself “firing” Fed Chair Jerome Powell, a mocking gesture but also political pressure against Fed monetary policy
- Trump said, “We have a real chance to achieve greatness in the Middle East… everyone is ready for something special for the first time ever.” This was widely read as a hint at a possible deal in Gaza
At the same time, Trump is preparing to meet Democrats to avoid a government shutdown expected on Wednesday. The political climate mixes directly with markets, because government shutdowns increase uncertainty.
Growing Economic Fears
The weekend also carried a darker note: some analysts warned that the world might be on the edge of the largest unemployment wave in history. If that happens, it could shake both markets and crypto, creating sharp volatility.
U.S. Economic Data Week
This week is packed with U.S. numbers that will strongly affect markets:
- Tuesday: JOLTS job openings data for August + consumer confidence figures from CB
- Wednesday: ADP private sector jobs report + ISM manufacturing PMI
- Thursday: Initial jobless claims
- Friday: The most important, the September jobs report
All of these numbers matter because they will be compared against the Fed’s recent rate cuts. The Fed has already begun easing rates due to a weaker labor market.
Two scenarios to watch:
- If these job reports confirm more weakness → justifies further cuts → good for risk-on assets like altcoins
- If the numbers are stronger than expected → complicates the Fed’s decisions → could slow momentum
Markets, especially crypto, will read these results in terms of whether the Fed remains dovish or turns more cautious.
Token Unlocks
Finally, a massive wave of token unlocks is coming this week, worth more than $773M. These include both one-time and linear unlocks, which could bring volatility.
Top unlocks to watch:
SUI (SUI)
- Unlock Value: 143.86M USDT
- % of Circulating supply: 1.23%
- Number of Tokens: 44.00M SUI
Ethena (ENA)
- Unlock Value: 126.78M USDT
- % of Circulating supply: 3.24%
- Number of Tokens: 212.50M ENA
EigenLayer (EIGEN)
- Unlock Value: 68.59M USDT
- % of Circulating supply: 13.77%
- Number of Tokens: 36.82M EIGEN
Optimism (OP)
- Unlock Value: 21.33M USDT
- % of Circulating supply: 1.74%
- Number of Tokens: 31.34M OP
Immutable (IMX)
- Unlock Value: 19.45M USDT
- % of Circulating supply: 1.26%
- Number of Tokens: 24.52M IMX
Big Time (BIGTIME)
- Unlock Value: 16.07M USDT
- % of Circulating supply: 20.01%
- Number of Tokens: 333.33M BIGTIME
Kamino Finance (KMNO)
- Unlock Value: 15.57M USDT
- % of Circulating supply: 6.37%
- Number of Tokens: 229.17M KMNO
Zeta Chain (ZETA)
- Unlock Value: 7.41M USDT
- % of Circulating supply: 4.33%
- Number of Tokens: 44.26M ZETA
Renzo (REZ)
- Unlock Value: 5.07M USDT
- % of Circulating supply: 9.64%
- Number of Tokens: 423.70M REZ
Solana (SOL)
- Unlock Value: 104.88M USDT
- % of Circulating supply: 0.09%
- Number of Tokens: 499.47K SOL
TRUMP (TRUMP)
- Unlock Value: 37.41M USDT
- % of Circulating supply: 1.52%
- Number of Tokens: 4.89M TRUMP
Worldcoin (WLD)
- Unlock Value: 49.14M USDT
- % of Circulating supply: 0.97%
- Number of Tokens: 37.23M WLD
Dogecoin (DOGE)
- Unlock Value: 22.43M USDT
- % of Circulating supply: 0.06%
- Number of Tokens: 96.54M DOGE
Story (IP)
- Unlock Value: 21.25M USDT
- % of Circulating supply: 0.73%
- Number of Tokens: 2.32M IP
Avalanche (AVAX)
- Unlock Value: 20.96M USDT
- % of Circulating supply: 0.14%
- Number of Tokens: 700.00K AVAX
Aster (ASTER)
- Unlock Value: 18.82M USDT
- % of Circulating supply: 0.30%
- Number of Tokens: 10.28M ASTER
Morpho (MORPHO)
- Unlock Value: 7.35M USDT
- % of Circulating supply: 3.45%
- Number of Tokens: 6.96M MORPHO
Celestia (TIA)
- Unlock Value: 11.53M USDT
- % of Circulating supply: 0.90%
- Number of Tokens: 6.96M TIA
Ether.fi (ETHFI)
- Unlock Value: 13.56M USDT
- % of Circulating supply: 2.04%
- Number of Tokens: 8.46M ETHFI
Polkadot (DOT)
- Unlock Value: 9.18M USDT
- % of Circulating supply: 0.14%
- Number of Tokens: 2.30M DOT
Bittensor (TAO)
- Unlock Value: 7.73M USDT
- % of Circulating supply: 0.33%
- Number of Tokens: 34.14K TAO
0G (0G)
- Unlock Value: 7.33M USDT
- % of Circulating supply: 1.03%
- Number of Tokens: 2.01M 0G
NEAR Protocol (NEAR)
- Unlock Value: 8.30M USDT
- % of Circulating supply: 0.25%
- Number of Tokens: 2.97M NEAR
Note
This article is for information only, not financial advice. Always do your own research (DYOR). For more insights, visit blog.millionero.com and explore spot and perpetual trading on Millionero.