The recent MEXC Q3 report highlighted the strong performance of the crypto market last quarter, with active traders surging as the total market capitalization of the crypto market reached the $4 trillion level.
Related books
Spot market recorded strong performance in Q3
On Wednesday, cryptocurrency exchange MEXC released its Q3 2025 Ecosystem and Growth Report, highlighting sustained expansion from the previous quarter, solid user activity, and security.
According to the report, the exchange experienced strong activity and trading momentum during market operations from July to September, with more than 680 new tokens added to the cryptocurrency exchange in the third quarter, an increase of 17% from the second quarter.
Furthermore, the number of active users trading newly listed products on the exchange increased by 16%, and the trading volume of these tokens surged by 97%. The report also noted that the spot market had a “particularly strong” performance last quarter, with the top 10 tokens by volume posting an average peak return of 2,933%, an increase of 158% from the second quarter.
In particular, memecoins, AI + Web3, perpetual decentralized exchanges (DEX), and stablecoin protocols were among the dominant stories, with tokens such as STBL, Chainbase (C), and DeAgentAI (AIA) showing an impressive performance of 500% to 12,00%.
Meanwhile, the BSC ecosystem outperformed all other ecosystems, accounting for 6 of the top 10 tokens in growth among crypto exchanges. The report detailed that BSC projects, including TALE, BAS and MEAL, had an average return of over 9,000%.
Notably, BSC surpassed other networks in DEX activity earlier this month, and recently surpassed Ethereum and Solana in DEX daily transactions and on-chain fees, according to data showing it ranked first among all chains. In addition, BSC hit an all-time high (ATH) of 5.2 trillion gas per day two weeks ago.
MEXC also highlighted that BSC’s strength is comparable to Ethereum and the underlying ecosystem, recording strong performance on GAIA, ERA, and Avantis (AVNT), “representing the growing vitality of cross-chain Layer 2 and DeFi derivative protocols.”
Cryptocurrency loss trend slows down
The report revealed that the cryptocurrency exchange intercepted 48 fraud cases and froze nearly $5 million in illicit funds in the last quarter. As part of our anti-fraud efforts, we also restricted over 19,000 suspicious accounts, including 17,000 collusive accounts and over 2,000 bot trading accounts.
Of note is a worrying trend developing this year, with theft from digital asset services potentially reaching a new milestone by the end of 2025.
According to Chainalysis, this year’s crypto thefts are “even more devastating” than all of 2024, with $2.7 billion worth of funds stolen from crypto services in the first half of 2025.
Related books
As reported by NewsBTC, there was a significant increase in hacks at the beginning of the third quarter, resulting in more than $100 million in losses for the exchange. Total crypto losses continued to decline in the second quarter, with month-on-month (MoM) declines of 40% and 56% in May and June, respectively.
This trend briefly changed in July, when the total amount of stolen funds increased by 27.2% month-on-month. Nevertheless, despite market recovery and initial trends, the total amount of funds lost to cryptocurrency hacks and exploits decreased by approximately 37% in the third quarter, according to recent reports.
Featured image from Unsplash.com, chart from TradingView.com
