Trade
Trading Type
Spot
Trade crypto freely
Alpha
Points
Get promising tokens in streamlined on-chain trading
Pre-Market
Trade new tokens before they are officially listed
Margin
Magnify your profit with leverage
Convert & Block Trading
0 Fees
Trade any size with no fees and no slippage
Leveraged Tokens
Get exposure to leveraged positions simply
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
- Trending TopicsView More
111 Popularity
118.35K Popularity
65.37K Popularity
185.88K Popularity
6.91K Popularity
- Hot Gate FunView More
- MC:$3.57KHolders:20.00%
- MC:$3.56KHolders:10.00%
- MC:$3.63KHolders:20.09%
- MC:$3.52KHolders:10.00%
- MC:$3.64KHolders:11.18%
- Pin
For the first time since summer 2023 - Stablecoin market cap has dropped
Stablecoin marketcap October 2025 - $309b
Stablecoin marketcap November 2025 - $303b
First time we've seen a drop in stablecoin marketcap over a 1 month period since summer of 2023, it's been 2 years of up only.
But why?
The last month saw a wide variety of things happen within the stablecoin world:
- @ethena_labs lost more than 50% of it's TVL following the massive reduction in funding rates and therefore yield
- The stream finance saga ended up causing deleveraging across other stablecoins
- Stablecoins that dropped in quite a large size ($10-20m+) include Elixir, Resevoir, USDX, YU, fxUSD, Open, and many many others
- Blackrock (BUIDL) dropped almost $1b in TVL in the last month
Concerning - not really, it's just a few things that caused the market cap to drop a tiny 2%.
My bet would be we go past ATH's early next year. The likes of @Tether_to just keep growing!